eCAPITAL and High-Tech-Gruenderfonds finance high-end raw materials recy-cling
The high tech industry relies on sufficient availability of high tech materials, such as rare earth and noble metals. These metals are used in the electronics industry, for example for TVs, smartphones, and computers. But also the photovoltaic industry needs noble and earth metals for its modules. While there are electronic waste recy-cling cycles, the strongly growing PV-industry waste recycling is still in its infancy. "We have backed Saperatec's team and technology because there a increasing incentives for recycling of "strategic metals" in Europe as one of the largest consumers of those", says Andreas Quauke, Senior Investment Manager with HTGF."Particularly regarding prevailing shortage of these resources through China as major producer let this issue become more and more relevant", Quauke continues. Thus, with its ecologic though simple procedure, saperatec will focus on the photo-voltaic industry to recover nobel and earth metals like indium, selen, tellur, and other valuable metals from photovoltaic production waste or end-of-life modules. The technique works at room temperature and has the potential to outperform known methods which use high temperatures and aggressive chemicals. Thus, the technology does not only close the product life cylce of photovoltaic products but enables the efficient and economic retrieving of rare metals.
Dr. Sebastian Kernbaum, co-founder and managing director of saperatec, looks for-ward to working with High-Tech Gruenderfonds and eCAPITAL: "The market for photovoltaic recycling is bound to grow extensively over the next years and so will saperatec. We are happy to have found investors who are able to support us sus-tainably with their business network and industry know how. "
Dr. Michael Luebbehusen, fund manager of eCAPITAL's seed fund "Gruenderfonds Bielefeld-Ostwestfalen", adds: "The elegant, eco-friendly technology and the experi-enced management team convinced us at once. We are pleased to support such a trend setting company right from the start."
About saperatec GmbH
saperatec specialises on disposal and ecologic reprocessing of photovoltaic produc-tion waste and end-of-life modules, for thin film as well as for thick film modules. Furthermore, photovoltaic modules containing heavy metals can be taken care of.
For more information please visit www.saperatec.de
About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests risk capital in young, promising technology com-panies capable of translating promising research findings into entrepeneurial ven-tures. It is intended that start-ups bring an R&D project as far as the production of a prototype or "Proof of Concept", or even to market introduction, with the help of assistance from seed funding. High-tech Gruenderfonds is able to participate in seed funding with a 500,000 Euro investment and in subsequent rounds may invest a total of up to 2 million Euros per company. Investors in the Public Private Partnership are the Federal Ministry of Economics and Technology, the KfW banking group and the following six industrial groups: BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss. High-Tech Gruenderfonds has a fund volume of approximately 272 millions euros.
For more information please visit www.high-tech-gruenderfonds.de
eCAPITAL entrepreneurial Partners AG
The eCAPITAL entrepreneurial Partners AG is a venture capital company managed by entrepreneurs and located in Muenster, Germany. Since 1999, the company sup-ports business people in promising industries. Investment focus is on innovative, high-growth companies in information technology/communications, new materials, optical technologies sectors, cleantech and innovative services.
eCAPITAL currently manages five funds totalling 120 million Euros. The funds invest in technology companies, as well as in small- and medium-sized companies throughout Germany.
For more information please visit www.ecapital.de