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Epyon Announces Partnership with Lite-On Technology to Scale up EV Fast-Charger Business

Tue, 11/02/2010 - 1:21pm
PowerPulse.net

Epyon BV, described as the leading European supplier of intelligent charging solutions for electric vehicles (EVs), received €7 million in new equity funding from five investors, providing what the company says is a solid foundation for its ongoing effort to scale up operations across Europe – as the market for EV fast chargers is taking off.

Epyon welcomes three new shareholders: LiteOn Technology Corp. from Taiwan and Dutch investors BOM and Breesaap, the investment fund of former Dutch Prime Minister Ruud Lubbers. The existing investors, SET Venture Partners and Chrysalix, also participated in the financing round and will remain Epyon’s largest shareholders. After closing, all five investors will be represented on Epyon’s supervisory board.

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