Tesvolt receives another €40 million in financing round

Daniel Hannemann (left) and Simon Schandert (right), founders and managing directors of Tesvolt, with Johannes Meran, Chief Investment Officer of Liechtenstein Group

German storage manufacturer Tesvolt GmbH has closed an equity financing round of around €40 million. The funds are being provided by a consortium of investors led by the Liechtenstein Group - a group of companies owned by the Liechtenstein princely family. Other investors include a family office, with which Tesvolt can »further position itself, particularly in the area of inductive charging,« as well as E.R. Capital Holding and the former shareholder IBG-Fonds of the state of Saxony-Anhalt. The majority of the company shares are still held by the two founders and managing directors Daniel Hannemann and Simon Schandert.
The inflowing funds serve the further growth as well as the further international expansion, says the enterprise. The company plans to enter the North American market in the coming year.

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