Akasol, a Germany-based battery producer spun out from TU Darmstadt, has floated on the Frankfurt Stock Exchange, with shares opening at €48.50 ($57) and target proceeds of €100m.
The figure represents the lower end of Akasol’s pricing range, which that had an upper target of €64.50. Shares had climbed to €54.50 by the market close on Friday.
Akasol began life as a research project at TU Darmstadt in 1990, before incorporating as a limited business in 2008. The spinout is…
A new $35m fund will be managed by external venture studio High Alpha Innovation and will work with the university on creating new startups.
Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
