Innovative hydrogen technologies developer KEYOU has announced ES Kapital as its new financial investor.
The capital investment company of German bank Kreissparkasse Esslingen-Nürtingen, ES Kapital has become a new shareholder and partner at KEYOU.
The investment, the amount of which was not disclosed, will be used primarily for the development of hydrogen engine components, for the build-up and demonstration of prototype vehicles and also for the operational expansion of the company, KEYOU said in a statement.
“ES Kapital’s goal is to support medium-sized companies and promising start-ups and to provide not only the necessary capital but also a cross-sector network,” explained Ralf Sonnenwald, Managing Director of ES Kapital.
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