Utilight Secures Round A Funding from RBVC, I2BF and Waarde Capital

24-Sep-2012

Technology will Reduce PV Manufacturing Costs while Increasing Solar Cell Efficiency

Utilight, an early-stage developer of new methods of wafer-metallization for solar photovoltaic (PV) cells, has secured $4.5m in Round A financing from an investing syndicate which includes Robert Bosch Venture Capital GmbH (RBVC), I2BF Global Ventures and Waarde Capital.

Wafer-metallization is the process of applying a conducting metal layer onto a solar PV cell. The current method that dominates the market is Screen Printing (SP), but this method has significant barriers in solar PV cell manufacturing: in reducing line width, excessive usage of silver paste, exerting excess pressure on the wafers and is suboptimal for maximum electric output of PV cells and panels.

Utilight was founded in 2009 by Amir Noy, Misha Matusovsky, Giora Dishon, and Moshe Finarov. “We are backing an experienced team with an impressive track record in production processes of advanced technologies”, said Gadi Toren, Venture Capital Investment Partner at RBVC, who will be joining the company’s board of directors.

Utilight has developed an innovative, patent pending, non-contact printing method, Pattern Transfer Printing (PTPTM), for high-volume manufacturing of solar PV cells, which both eliminates the manufacturing drawbacks and is more economical than available SP methods. The PTP process enables depositing finer lines with high aspect ratio and yields higher efficiency of solar PV cells.

“Utilight’s innovation comes at a crucial time for the industry as it brings solar PV cell manufacturers exactly what they need – manufacturing efficiency and higher performance of their products,” says Alexey Belyakov, Partner and Head of Research at I2BF Global Ventures. “We are furthermore pleased to join a syndicate of professional investors like RBVC and Waarde Capital.”

Ays Sharaev, Managing Partner at Waarde Capital added “This project has all elements that are crucial for success: very experienced team, strong interest of potential clients, innovative technology and business model, and professional co-investors. Waarde Capital is glad to co-invest alongside with RBVC and I2BF in other projects in Israel and other countries.”

RBVC invests in Synapsense

25-Mar-2009

SynapSense Receives $7 Million in New Investments to Expand Leadership in Wireless Data Center Energy Initiatives ; Strategic Investor Bosch Venture Capital Joins Existing Syndicate

FOLSOM, Calif. - (BUSINESS WIRE) - SynapSense Corporation, a leading provider of wireless energy efficiency solutions for the data center, today announced that the company has received $7 million in additional investments.

Robert Bosch Venture Capital GmbH joins SynapSense’s current investors participating in this financing, which include Emerald Technology Ventures, Sequoia Capital, American River Ventures, Nth Power and DFJ Frontier. SynapSense will use the proceeds from this investment to further technology development and expand market leadership of the company’s Wireless Data Center Monitoring and Energy Management solutions. The financing will also enable SynapSense to extend its wireless instrumentation solutions into new market segments beyond the data center.

“SynapSense is enabling the energy efficient operation of data centers ranging from the world’s leading stock exchange and America’s largest mobile phone operator to a premier web portal and the world’s busiest social networking site,” said SynapSense Chief Executive Officer Peter Van Deventer. “For the first time, operators have the tools required for continuous optimization of the data center.”

“We are honored to welcome Robert Bosch Venture Capital GmbH to our investment group, as we work to provide enterprises with the tools and metrics necessary to increase data center visibility and improve energy efficiency,” Van Deventer added.

“We are pleased to invest in SynapSense and are impressed with the company’s robust platform and its ability to scale in the data center and across the enterprise,” said Dr. Claus Schmidt, Executive Vice President Technology of Robert Bosch Venture Capital GmbH, the venture capital arm of Robert Bosch GmbH, one of Europe’s largest diversified corporations.

The SynapSense Wireless Data Center Monitoring and Energy Management solution features LiveImaging™, the first energy and operational efficiency solution that provides real-time thermal, pressure and humidity mapping constructed from wireless sensor data. Upon deployment of the SynapSense wireless network, LiveImaging instantly enables data center operators to see current operating conditions, identify optimization opportunities and quantify the impact of the improvements they make to save energy. SynapSense is also working with many of the world’s leading data center operators to implement real time PUE and DCiE measurement and comprehensive energy monitoring. Real-time data center monitoring with measurable and continuous optimization is quickly becoming the next data center “best practice.”

SynapSense Corporation is a leading provider of wireless energy efficiency solutions for the data center. Based in Folsom, Calif., SynapSense is a recipient of the United States Department of Energy 2008 Energy Innovator Award. For more information about SynapSense, visit www.SynapSense.com [http://www.SynapSense.com].

SynapSense and LiveImaging are trademarks of SynapSense Corporation. All other trademarks are the property of their respective owners.

SynapSense Corporation Patricia Nealon, 916-549-8574 pnealon@synapsense.com or Francisco Group for SynapSense Daniel Francisco, 916-812-8814 dan@franciscogrp.com

Light Blue Optics raises US$15 million in Series 'A' Extension

20-Jul-2009

**Extension to accelerate product development roadmap across multiple markets**

**Paul Goodridge, former Financial Director of CSR plc, joins Company as CFO**

Cambridge, UK, 20 July 2009-- Light Blue Optics (LBO), the industry-leading developer and supplier of laser-based pico projection systems, today announced closing of a US$15 million Series ‘A’ extension. Robert Bosch Venture Capital GmbH (RBVC) led the extension, with existing investors 3i Group plc, Earlybird Venture Capital, Capital-E and NESTA also participating. The money will enable LBO to accelerate its product development roadmap across multiple markets including automotive, industrial and consumer electronics. The Company’s first product – a projection engine suitable for integration into an accessory pico projector – is scheduled for release to OEM customers in Q4 09.

Light Blue Optics’ holographic laser projection technology delivers vibrant colours and focus-free operation, whilst maintaining the Class 1 laser safety classification essential to consumer electronics applications. Uniquely, the projection system can be touch-enabled, meaning any flat surface such as a table can be instantly transformed into a touch-sensitive display, eliminating the need for a touch screen and allowing users to interact with multi-media content in new and exciting ways.

Dr. Claus Schmidt, Managing Director of Robert Bosch Venture Capital said; “RBVC has a remit to invest in technologies of ground-breaking strategic importance and LBO has all the characteristics of a great investment. The Company impressed us with their potential to create and capture a new product category of mobile, energy-efficient, interactive displays. Their proprietary technology will open up entirely new applications and revenue opportunities in markets such as consumer electronics and we are pleased to join the existing investors in supporting this exciting venture.”

LBO also announced today the hire of Paul Goodridge as Chief Financial Officer. Paul brings with him 20 years of financial management experience and an impressive track record for company growth. Prior to joining LBO, Paul was Director of Finance at CSR plc for 8 years, managing the company’s migration from being venture-backed, through to its floatation on the London Stock Exchange and subsequent promotion to the FTSE 250.

Light Blue Optics’ CFO, Paul Goodridge said; “It’s rare to find an early-stage company with the high-growth profile of LBO. The Company has clear competitive advantage, excellent customer traction and a vast market opportunity. I am delighted to become part of the LBO team at this exciting time, and look forward to working with all our stakeholders to build significant value.”

Light Blue Optics’ CEO, Dr. Chris Harris added; “This $15 million financing round will enable LBO to accelerate its product development roadmap and address a wider range of applications. It’s a very exciting opportunity, not least in the consumer electronics space where the market for pico projectors has been forecast to exceed US$1 billion within 5 years. We now have the world-beating technology, experienced team and strong investor syndicate in place to realise that opportunity and become the world’s leading supplier of miniature projection systems.”

Greenpeak Technologies secures €13M (US$19M) in Series B funding

29-Oct-2009

Robert Bosch Venture Capital joins existing investors to accelerate growth of Greenpeak

Utrecht, The Netherlands, 29 October 2009 - GreenPeak Technologies, a leading fabless semiconductor company offering innovative ultra low power wireless and battery-free data communication technologies for consumer electronics and sense and control applications, today announced the closing of a Series B financing round. This financing round totaling €13 ($19) million of venture funding, led by Gimv and Robert Bosch Venture Capital and supported by DFJ Esprit, Motorola Ventures and Allegro Investment Fund will provide the company with the necessary funds to finance its growth in the coming years.

Cees Links, CEO for GreenPeak Technologies stated, “Securing new funding in this challenging financial climate shows the market potential of GreenPeak’s technology and applications. We are very proud that a world-class company like the Bosch Group via its VC organization is sharing the vision with our existing investors that GreenPeak’s wireless IEEE802.15.4 and ZigBee technology will create a whole new class of wireless products for home, building and industrial automation. Since the company’s establishment we have achieved a series of technology breakthroughs and we have developed very significant customer traction in Europe, the USA as well as in the Asia Pacific region. With this funding the company will be able to expand its distribution channels and ramp volume.”

Dr. Claus Schmidt, Managing Director with Robert Bosch Venture Capital, is joining the GreenPeak Board of Directors as a new member. "I’m very excited with our investment in GreenPeak," Mr. Schmidt says, "Bosch covers many fields in home, building and industrial applications and recognizes the potential of wireless sense and control networks in these fields. GreenPeak has impressed us with their clear market vision as an innovator in the wireless and battery-free sense and control networks. I see their enormous potential and their technology lead."

“GreenPeak has progressed rapidly since we first invested in 2006 and we’re excited to continue our support.” said Elderd Land, Partner of Gimv, lead investor. “GreenPeak is selling breakthrough technology for remote controls for consumer electronics and has excellent customer traction establishing a platform for home automation, hence creating a new wireless wave of applications. We are happy to continue to support them in their transition from a strong start-up into a major industry leader.”

About GreenPeak

GreenPeak is a fabless semiconductor company and is a leader in ultra low power wireless and battery-free communication technology for consumer electronics, and wireless sense and control applications. This revolutionary technology, based on the IEEE 802.15.4/ZigBee wireless networking standard, utilizes energy harvesting to facilitate battery-free operation in a totally wireless environment, without the need for either communications or power connectivity.

GreenPeak was selected by the World Economic Forum as a 2009 Technology Pioneer, in the “energy” category, for its accomplishments as an innovator of the highest caliber, involved in the development of life-changing technology innovation and with the potential for long-term impact on business and society.

GreenPeak is based in Utrecht - The Netherlands and has offices in Belgium, Japan and Korea.

GreenPeak is backed by venture capitalists: Gimv (Belgium), DFJ Esprit (UK), Robert Bosch Venture Capital (Germany), Motorola Ventures (USA) and Allegro Investment Fund (Belgium).

Press Contact GreenPeak - Europe and Rest of World

Elly Schietse, GreenPeak Director Marketing & Communications

elly.schietse@greenpeak.com

Tel +32 52 45 87 30 – Cell +32 479 76 18 25

Press contact GreenPeak - USA

SRS-Tech PR for GreenPeak

Mark Shapiro

Tel +1 619 249 7742

Press Images & Logos

For hi-resolution logos, product pictures and images, management pictures and additional background information

Cheetah Medical Closes $20 Million Series B Financing

15-Mar-2010

Accelerating the global commercialization of NICOM® Noninvasive Hemodynamic Monitoring Systems

Tel-Aviv, Israel, March 15, 2010 - Cheetah Medical, a worldwide leader in noninvasive hemodynamic and cardiac output monitoring technology, announced today the closing of a $20 million financing round. The financing was led by Ascension Health Ventures (AHV) and also included Robert Bosch Venture Capital (RBVC), MVM Life Science Partners (MVM) and existing investors.

“We are very excited by the level of support provided by Cheetah’s distinguished new investors, who share our vision for the extraordinary potential of the NICOM platform,” commented Yoav Avidor, M.D., Chief Executive Officer of Cheetah Medical. “By providing accurate, noninvasive, continuous hemodynamic information, NICOM can improve patient outcomes by helping clinicians optimize fluid and vasoactive drug management in areas such as critical care, anesthesia, emergency medicine and heart failure. Patients worldwide are already benefiting from the NICOM platform, and the support of our investors enables continued expansion to new clinicians, applications and global markets.”

As a result of the financing, Dr. Walter Lin, an Investment Manager with AHV, Gadi Toren, an Investment Partner with RBVC, and Dr. Stephen Reeders, a Managing Partner with MVM, have joined the company’s board.

“Because of its accuracy and non-invasiveness, Cheetah’s NICOM platform has the potential to significantly expand the hemodynamic monitoring market,” said Dr. Walter Lin of AHV. “We are excited to partner with a company whose validated technology can both improve outcomes and reduce the cost of care in what is generally a high acuity patient population.”

Decisions regarding appropriate fluid administration and titration of drugs that support the cardiovascular system have a profound impact on patient survival, complications and cost of care. These concepts, also known as fluid optimization and goal directed therapy, are increasingly becoming standard of care. This is especially true in those who are critically ill, such as patients with sepsis, heart failure, kidney failure, and trauma, or those undergoing major surgical procedures.

NICOM provides a simple to use platform that enables physicians and nurses to quickly obtain accurate advanced hemodynamic parameters at the bedside, thereby aiding in differential diagnosis and selection and titration of the appropriate therapy to individualize patient care. Legacy approaches that rely on invasive, costly catheters have more limited use due to concerns about cost, maintenance requirements, invasiveness and potential complications. NICOM provides accurate hemodynamic information through a safe, cost-effective, user-friendly platform that can be utilized by physicians, nurses and other clinicians.

About Cheetah Medical

Cheetah Medical’s NICOM® Noninvasive Cardiac Output and Hemodynamic Monitoring System uses the company’s proprietary BIOREACTANCE® Technology to deliver continuous, accurate, noninvasive cardiac output (CO) and other vital hemodynamic monitoring parameters. The system is US FDA cleared and CE Marked, and since its commercial launch in 2008 has been adopted by a growing number of clinicians worldwide. Cheetah Medical headquarters is located in Tel-Aviv, Israel and its United States headquarters is located in Portland, Oregon.

Contact

Yoav Avidor, M.D., Chief Executive Officer

Telephone: +972-3-644-0288

Investment in Aethon

31-Mar-2010

Aethon, Inc. announces a strategic cooperation with the Bosch Group, a leading global supplier of technology and services. Financing, led by Robert Bosch Venture Capital GmbH, raises $6.6M

March 31, 2010 — PITTSBURGH, PA — Aethon, Inc., the leading developer of mobile robotics for hospital supply chain logistics, is pleased to announce a partnership with the Bosch Group that includes an investment of $5 million through its venture arm, Robert Bosch Venture Capital GmbH (“RBVC”). Along with additional contributions from its existing investors, Aethon brought in a total of $6.6 million in new capital to fuel its growth through sales expansion and new product development. Aethon has grown significantly since its launch into the commercial market in 2005 with TUG robotic systems now providing multi-department logistic delivery solutions for more than 100 hospitals nationwide.

After an extensive worldwide research of mobile robotics and automation solutions, RBVC recognized that Aethon’s innovative technology is uniquely addressing some of the fundamental issues associated with lowering health care costs and increasing productivity through greater optimization of logistic processes.

“This is a significant milestone for our company,” said Aldo Zini, Aethon president and chief executive officer. “Aethon’s progress has been a result of a strong management team, great technology, and customers who are realizing the value of automating their supply chain logistics with Aethon’s solutions. We are pleased to be able to attract a new strategic partner such as Bosch to our company. The validation of our technology by Bosch will certainly bring more global attention to our business. In addition, Bosch has agreed to assist us with their world-leading engineering expertise as we continue to add new product extensions, grow our production capabilities, and look for opportunities to embed our technology in the global healthcare marketplace. There may be other areas of business expansion as well given Bosch’s extensive business relationships both in Europe and worldwide.”

This funding ultimately supports Aethon’s goal of continued business growth, accelerated sales, and intensified research and development efforts on new products and product extensions. “We are now positioning Aethon for a greater acceleration of growth,” added Zini. “This additional capital will help us to build out our infrastructure and recruit additional top talent to support an expanding customer base.”

“We are pleased to have the opportunity to invest in a company like Aethon with its outstanding experience in the field of autonomous robot systems and its dynamic management team who has shown the dedication necessary to properly grow the company,” explained Claus Schmidt, managing director of RBVC. “Aethon’s unique technology has extraordinary potential about which customers are genuinely enthusiastic.”

Existing investors also reinforced the vote of confidence for Aethon by electing to participate in the funding. RBVC joined existing venture capital groups Trident Capital, Pacific Venture Group, Salix Ventures, Ascension Health Ventures, Radius Ventures, Nexus Medical Partners, and Medicis Capital GmbH.

About Aethon

Based in Pittsburgh, PA, Aethon is a leader in healthcare Supply Chain Logistics and Workflow Solutions, providing a broad range of departmental and hospital-wide applications that automate the movement of goods (such as medications, supplies, meals, equipment, etc.), improve asset utilization, and ensure regulatory compliance. Aethon delivers its solutions through a proprietary autonomous mobile robot, the TUG®, which reduces cost, enhances clinical productivity, improves workflow, and allows clinicians to focus more time on what matters most in patient care: the human touch. TUGs have demonstrated ROIs in the 20 to 50 percent range, while improving nurse and patient satisfaction. More than 100 hospitals nationwide have deployed Aethon’s technology.

Contact

Aldo Zini, AETHON, Inc.

Telephone: (412) 322-2975

Capricorn Cleantech Fund, RBVC and LRM jointly invested € 4 million in EpiGaN

05-Jul-2011

Spin-off of imec, to launch volume production of GaN-on-silicon wafers.

EpiGaN is pleased to announce that it has closed its first capital round of € 4 million, which will allow it to start volume production of GaN-on-Si epitaxial material for the nextgeneration efficient power electronics.

Incorporated in 2010, EpiGaN was founded by Dr Marianne Germain, CEO, Dr Joff Derluyn, CTO and Dr Stefan Degroote, COO, as a spin-off of imec. For more than 10 years, the founders jointly developed state-of-the-art GaN-on-Si technology on 4” and 6” wafers at imec, part of which has been licensed to EpiGaN. They are today joined by a strong consortium of investors who share their vision on GaN-on-Si as a key technology for enhancing power management efficiency, implementing renewable energy sources, or enabling cleaner transportation technologies with reduced environmental impact.

“EpiGaN has demonstrated the capability of its innovative material to support record device performance either in high voltage, high current or high frequency operation“, says Dr Marianne Germain, CEO of EpiGaN “we are proud that investors have decided to support our initiative and will enable us to commercially provide the same high-standards material quality in large volume to our industrial customers.”

The participation of Robert Bosch Venture Capital lends credibility to the strategic vision of the company: “We are impressed by the technological achievements of EpiGaN and the capabilities of the team. As a leading manufacturer of power electronics modules and systems, we believe that this technology has the potential to make significant contributions to the world of power conversion and are happy to be part of the investor syndicate supporting the company,” said Gadi Toren, venture capital investment partner at RBVC and future board member of EpiGaN.

Marc Lambrechts, who will join the board of EpiGaN on behalf of Capricorn Cleantech Fund, is convinced EpiGaN addresses a key target market: “Power conversion is an essential technology for an impressive number of cleantech applications such as energy efficient power supplies, solar inverters, wind energy, electric or hybrid vehicles and smart grids. The customers of EpiGaN will benefit from higher efficiency, improved reliability and reduced system size and weight, by using the EpiGaN state-of-the-art GaN-on-silicon technology.”

The support of the investors will allow EpiGaN to implement its own production capacity and increase its market supply: 4” and 6” GaN-on-Si wafers for high voltage or RF applications are readily available from EpiGaN while a 200 mm wafer technology is under development in EpiGaN. EpiGaN will deploy its activities at the Research Campus Hasselt in Limburg, geographically located squarely within Leuven, Eindhoven and Aachen.

“EpiGaN has chosen Limburg as the best location to grow their business after an in depth location study. We are happy that our intertwined offer of venture capital and sector specific infrastructure played a key role in the decision process”, says Stijn Bijnens, CEO of LRM; “EpiGaN will contribute to the development of high-tech solutions for the renewable energy domain, an area where Limburg is willing to play an important role”.

“imec has pioneered the use of Si substrates for GaN technology, for its cost efficiency and its bright perspective of leveraging on the silicon-based semiconductor industry. We are proud to see that a highly-innovative, long-term research project leads to the creation of a high-potential spin-off, bringing imec technology to the market”, concludes Luc Van den hove, President and CEO of imec.

About EpiGaN

EpiGaN has been incorporated in 2010 by as a spin-off of imec. It focuses on providing world-leading III-nitride epitaxial material solutions for top performance devices. EpiGaN gives device manufacturers access to a unique, proven and powerful technology to be used in key market segments such as power supplies for consumables, hybrid electric vehicles, solar inverters, RF power for base stations, smart grid.

For more information:

Dr Marianne Germain, CEO

EpiGaN nv Kempische Steenweg 293

B-3500 Hasselt (Belgium)

Tel : +32 (0)475 77 89 45

RBVC investment in Ogmento

03-Nov-2011

Joining existing investors Chart Venture Partners and CNF Investments, Robert Bosch Venture Capital GmbH invested in Ogmento, Inc.

Ogmento, Inc. is a developer and publisher of mobile, geo-social, Augmented Reality (“AR”) games and applications. Founded in 2009 by a team of industry veterans, the Company is committed to developing the next generation of AR experience. By developing cutting-edge technology that overlays computer graphics onto real-world environments, Ogmento creates games that let users directly interact with their surrounding environment. The Company is currently developing ground-breaking AR content for a range of mobile devices, and is positioned at the epicenter of the Augmented Reality and geo location gaming industry. Furthermore, Ogmento explores the usage of AR for advertising, consumer applications, and location-based services.

About Ogmento

Founded in 2009 with offices in New York an Los Angeles Ogmento, Inc. is developing Augmented Reality applications and games for mobile devices. By fusing real and virtual worlds Ogmento is spearheading the next generation of video games that are played in the real world. The company is pushing the boundaries of what a game can do on a mobile device.

Intrinsic ID closes new round of financing with RBVC and Prime Ventures

04-Apr-2012

Eindhoven, The Netherlands - April 4, 2012

Intrinsic-ID announced that it has received EUR 5 million (USD 6.7 million) in new funding. The round was led by Robert Bosch Venture Capital GmbH (RBVC) and joined by existing investor Prime Ventures.

“We are proud to welcome RBVC, which is part of the Bosch Group – a leading global supplier of technology and services in the areas of automotive and industrial technology, consumer goods, and building technology – as one of our investors”, said Pim Tuyls, CEO at Intrinsic-ID. “With their support, we are excited to move our company to the next level of mass scale deployment of our security IP in large new markets of mobile payments and cloud services by a rapid expansion of our sales, support and engineering teams.”

Intrinsic-ID’s technology has been licensed to a wide range of companies that incorporate the technology in Smart and SIM Cards, Automotive and Embedded Processors, Set-Top Boxes, Pay-TV, Networking & Communications, FPGA and Government applications. Intrinsic-ID’s security IP excels by ease-of-integration in a standard manufacturing flow. It is available in all modern technology nodes and is scalable with small silicon area and/or SW footprint.

“An increasingly connected world demands strict rules for authentication and protection against cloning, counterfeiting and tampering,” explains Dr. Claus Schmidt, Managing Director of RBVC. “We believe that Intrinsic-ID’s unique solution has the characteristics of becoming a key technology for the Internet of Things and that it is therefore of great strategic importance. Intrinsic-ID offers compelling and proven security solutions to a growing customer base and we are looking forward to providing our support to a highly promising venture,” he adds.

“Since its spin-out from Philips by Prime Ventures in 2008, we are pleased to see that Intrinsic-ID established itself as the leader in security applications based on its patented Hardware Intrinsic Security (HIS) technology. As we see continued strong growth with existing customers as well as new growth opportunities within the mobile services space, we are happy to give substantial follow-up to our initial investment,” observes Sake Bosch, Managing Partner of Prime Ventures.

About Intrinsic-ID

Intrinsic-ID is a company that provides security solutions based on top-level security IP and software for cloud storage, mobile payments and content protection.

Its unique and patented Hardware Intrinsic Security (HIS) technology – also referred to as Physical Unclonable Function – offers superior anti-tamper and anti-cloning features.

HIS allows linking software, applications and content, to a particular hardware device.

HIS is based on the fact that secret keys are extracted like a biometric or fingerprint from silicon hardware whenever required. Hackers have nothing to find because no key is stored nor present.

Intrinsic-ID delivers complete, one-stop-shop solutions including security IP, security architectures and reference applications to offer customers a fast-track to market.

Intrinsic-ID (www.intrinsic-id.com) is headquartered on the High Tech Campus in Eindhoven, The Netherlands.

Contacts:

Tony Picard

Intrinsic-ID

+ 31 40 851 90 29

Torqeedo raises EUR 5.6 million in Series C Funding

15-Mar-2012

Torqeedo, the worldwide market leader in electric mobility for boats has raised EUR 5.6 million in Series C Funding in a round led by Robert Bosch Venture Capital and WHEB Partners.

Robert Bosch Venture Capital joins existing investors including WHEB Partners, Brose Trust, Extorel, Bay BG as shareholders in Torqeedo, a successful Starnberg-based manufacturer of electric motors for boats.

Torqeedo will primarily use this new funding to launch a new range of higher horsepower electric motors for boats. With its multi-award winning outboard motors that are characterized by very high overall efficiency, built-in lithium batteries, ultra-lightweight design and innovative on-board computing, Torqeedo is already the global market leader for electric motors for boats of up to 15 horsepower.

"In our opinion, Torqeedo is excellently positioned to continue to lead the world market for electric motors for boats" commented Dr. Dieter Kraft, investment partner of Robert Bosch Venture Capital GmbH, the new investor.

Joerg Sperling, a partner at European Cleantech pioneer WHEB Partners confirmed that: "Torqeedo has made impressive progress over the past two years. The company is the world leader in a growing market segment and last year successfully grew by 46 percent. With this financing, Torqeedo can make an important step towards higher performance classes".

Dr. Christoph Ballin, CEO of Torqeedo, states that the successful completion of the Series C round of financing paves the way for the company’s continuing development. "The collaboration with our leading investors is professional, enhances our work and promotes the development of Torqeedo. Having the expertise of Robert Bosch Venture Capital now within the shareholder base is an advantage for Torqeedo which I cannot rate highly enough".

Torqeedo is best-placed as the worldwide leader in the growing market for clean, electric motors for boats.

About the Torqeedo GmbH, Starnberg:

No. 1 for clean outboards: Worldwide market-leading manufacturer of electric motors for boats.

Marine e-Mobility pioneer

Uncompromisingly high-tech approach to superior product design, for example, built-in lithium batteries, ultra-lightweight design, accurate coverage information in real-time and advanced electronics.

Best overall efficiency in the market - unique performance and range records for all Torqeedo motors.

Wide range of products from 1 to 15 horsepower equivalent with innovative accessories such as solar charging technology and powerful lithium batteries.

Young, successful company founded in Starnberg, Germany in 2005.

Won numerous national and international innovation awards - including German Founders Award (2008) and Red Herring Europe Top 100 (2010), along with numerous prestigious awards in the marine sector.

Torqeedo products inspire a worldwide fan base which is growing daily in more than 40 countries.

Contact:

Torqeedo GmbH

Petersbrunner Str. 3A

GER – 82319 Starnberg

Tel. + 49 8151 268 67 -23

Media contact: Maja Berger

End of the rollercoaster

11-Oct-2012

The return of Treto: Two million new generators in the field – without a single fault

Treto, Spain. Those in pursuit of true quality must navigate a long and winding road; some would even describe it as a giant rollercoaster. The Autovia de Cantabria, the highway that hugs Spain’s mountainous northern coastline, is like that too: leading over endless ups and downs before finally arriving at the destination: the Bosch plant in Treto, on the River Ason.