EnBW New Ventures has come on board as a new investor to help superconductor producer Theva close its second funding round in the space of a year.
EnBW New Ventures, the venture capital arm of energy utility EnBW, has contributed to a €7m ($8m) round for Germany-based superconductor manufacturer Theva.
The round also featured eCapital, Bayern Kapital, Target Partners and BayBG Bayerische Beteiligungsgesellschaft (BayBG).
Founded in 1996, Theva manufactures high-temperature superconductors that can conduct high electric currents with no loss of energy. The company’s superconductor wire is used as an alternative to traditional copper wiring, and it also provides coating technology and equipment engineering services.
Theva secured…
