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Gamesa Taking a Stake in N2S, an EV Start-up

Thu, 02/02/2012 - 11:20am
PowerPulse.net

Gamesa has made further progress on its technological diversification strategy by taking a stake – via its investment fund, Gamesa Venture Capital – in N2S, a Spanish tech start-up specializing in intelligent energy services management. Gamesa Venture Capital has acquired a 20% stake in N2S to bolster and enhance its presence in two of its venture capital fund’s target technologies: green mobility, or electric vehicles, and energy efficiency.

The transaction, Gamesa Venture Capital’s third deal in a year, is part of the company’s strategy for technological diversification into new renewable industries. Through this strategy, the company aims to take an active role in high-growth alternative energy sources, secure innovation and complement and capitalize on synergies with Gamesa’s manufacturing activities. Gamesa Venture Capital plans to invest up to 50 million euros through 2016 to buy stakes, initially minority shareholdings, in start-ups and growth ventures engaged in the development of technologies with promising potential for future growth.

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