• European Batteries

  Participated · Equity · Jan 2011

  European Batteries Ltd develops and manufactures large, rechargeable lithium-ion prismatic cells and battery systems. Its batteries are used as energy sources in large electric and hybrid vehicles (buses and delivery vans), heavy industrial machines, ships, reserve power systems and large-scale energy storage. The company started production of prismatic cells and battery systems at its Varkaus manufacturing unit in autumn 2010 and currently employs some 70 people across Espoo, Tuusula and Varkaus. Led by CEO Jukka Koskinen, European Batteries recently raised equity financing to accelerate its plans. It intends to use the proceeds to move from early-stage production to industrial production, expand internationally and extend its partnership network. The financing is positioned to support scaling of manufacturing and international expansion.

• Mitron Group

  Led · Equity · Aug 2010

  Mitron Group Oy Ltd, based in Forssa, Finland, designs and manufactures passenger information and safety systems for trains, metros, trams, airports, railway stations, coach bays and urban bus stops. Its customers include railway companies across the Nordics and Europe (Finland, Sweden, Denmark, the Netherlands and Germany), leading rolling-stock manufacturers, and major European system integrators. The Group operates an exports office in the Netherlands and has existing country units in Germany and Poland. The company generated net sales of €9.5m in 2009 and employs approximately 100 people. The €3m investment from Finnish Industry Investment Ltd and Pension Fennia will enable it to strengthen its organisation in Finland and across Europe. Management plans to establish new country organisations to supplement its existing units in Germany and Poland, according to CEO Heino Ruottinen.

No current team members are available.