Goodwin’s Germany team advised Piva Capital as lead investor in the €90 million (US$129 million) Series B financing round of INERATEC GmbH.
INERATEC is a pioneer in the field of Power-to-Liquid applications. The company supplies sustainable e-fuels as well as chemical products. Modular chemical plants for Power-to-X and gas-to-liquid applications use hydrogen from renewable electricity and greenhouse gases such as CO2 to produce e-kerosene, CO2-neutral gasoline, clean diesel or synthetic waxes, methanol or SNG. Founded in 2016, INERATEC has already implemented industrial-scale power-to-liquid plants at German sites to boost the availability of sustainable fuels and chemicals in various transportation sectors, such as aviation.
Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs solving the world's critical industrial challenges with breakthrough technologies and innovative business models. For more information, please visit us at Piva.vc, on LinkedIn and Medium.
The Goodwin team, in Frankfurt, was led by Markus Käpplinger and Heiko Penndorf and included Christoph Hempel, Bastian Schmack, Stefan Riegger, Robert Jochim, Nadine Gommel and Simon Peetz.
For more information please see the press release.