- First virtual OEM international for the electrification of vehicles and buses
- Lennertz & Co. is lead investor in a Collection A financing spherical value just about EUR 30 million
- Retrofitting is essentially the most sustainable type of mobility, each economically and ecologically
Hamburg, twenty sixth April 2022 A non-public fairness fund initiated via the Hamburg-based circle of relatives administrative center Lennertz & Co. has obtained a minority stake within the innovation chief for electrification era within the business automobile sector. pepper movement GmbH is the sector’s first virtual OEM within the automobile trade for the production-ready conversion and retrofitting of vehicles and buses.
The Denkendorf-based engineering company effectively finished a Collection A financing spherical value just about EUR 30 million on the finish of March 2022. Lennertz & Co. was once the lead investor right here with a capital injection of approx. 40%. Different traders come with amongst others the Würth Team.
Philipp Lennertz
“As an entrepreneurial and owner-managed circle of relatives administrative center, pepper received us over with its distinctive era within the production-ready retrofitting of vehicles and buses but in addition with the engineering experience its companions have accrued within the automobile sector over greater than twenty years,” says Philipp Lennertz, Managing Spouse at Lennertz & Co. “Generation and repair play an enormous phase right here in achieving international local weather targets. We thus see nice possible for pepper to develop, no longer most effective within the home and Eu markets but in addition across the world in a marketplace that can hastily turn into increasingly more vital inside of an overly short while.”
Capital for Collection Manufacturing and Additional Markets
Along with additional creating the corporate’s personal applied sciences, the rise in capital is particularly supposed to advertise the ramp-up of sequence manufacturing with strategic companions in addition to to improve the segment of marketplace access in different Eu nations that has already commenced. Germany, France, Italy, Austria, and Poland particularly depend amongst pepper movement’s key Eu markets.
Attainable consumers come with huge current fleet homeowners, similar to transportation or trucking corporations, for whom it’s tricky to satisfy the 2030 emissions objectives for his or her fleets. A big merit for pepper movement is that the corporate’s multi-award-winning retrofitting thought is these days regarded as unequalled in the marketplace in terms of sustainability and overall charge of possession.
“The evidence of thought has lengthy been in position due to our automobiles and etrofit electrification kits. As a trendsetter, we’re at the vanguard of the global retrofitting trade and set the criteria for German engineering, innovation, and high quality, which fleet operators energetic within the public shipping and shipping/logistics sectors can depend on,” says Andreas Hager, CEO at pepper movement.
About Lennertz & Co.
As an entrepreneurial, owner-managed circle of relatives administrative center, Lennertz & Co. is totally centered at the good fortune of its purchasers’ investments. Our funding suggestions are in keeping with the non-public personal tastes of purchasers, who get pleasure from the independence of Lennertz & Co. and the unique nature of its funding alternatives.
Lennertz & Co. additionally has numerous allows from the Federal Monetary Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and thus fulfills the a lot of qualitative and quantitative necessities of each the BaFin and the German Federal Financial institution (Bundesbank).
Lennertz & Co. stocks the call for of its purchasers for quick, well-founded, and assured decision-making. On behalf of purchasers, the professional crew at Lennertz & Co. – which is able to level to a long time of revel in – sparsely critiques alternatives as they emerge within the segments a raffle and enlargement capital, non-public fairness, and blockchain. Additionally, the corporate’s advisory board is staffed via respected consultants within the fields of trade, undertaking capital and personal fairness, together with Prof. Dr. Heinrich von Pierer, Prof. Dr. Klaus Wucherer, Stefan Theis, Daniel Thung, Daniel Milleg, and Florian Heinemann.
About pepper movement
The German privately financed corporate with headquarters in Denkendorf and workplaces in Garching close to Munich, Paderborn, and Vienna (Austria) employs greater than 100 other people. As the primary virtual OEM international (with out its personal warehousing and production), pepper provides leading edge answers for the electrification (retrofitting) of used and new business automobiles similar to vehicles in distribution shipping, buses in native public shipping (LPT), and municipal automobiles.
With its holistic method to telematics, charging infrastructure, fleet control, and self reliant using, the corporate designs briefly implementable and cost-efficient answer programs for sustainable mobility transformation and a “2d lifestyles” for current business automobiles.
Touch main points
Lennertz & Co. GmbH
Düsternstraße 10
20355 Hamburg
Germany
Tel.: +49 40 210 91 33-45
Fax: +49 40 210 91 33-21
E-Mail: pr@lennertz.com
