Enerdrape secures seed funding for geothermal solution
11 January 2024 15:05
Enerdrape has announced the successful conclusion of a 1.3 million Swiss francs seed financing round. The Ecublens-based company is behind the world's first prefabricated geothermal panel technology. According to a statement, Swiss investors including Après-Demain through the GeneRActions Planet initiative and Romande Energie played a pivotal role in the seed round.
The company, which was established by Margaux Peltier, Alessandro Rotta Loria and Lyesse Laloui as a spin-off from the Swiss Federal Institute of Technology Lausanne (EPFL), intends to use this seed capital strategically to drive the development and marketing of its geothermal panel technology. These panels act as heat exchangers, absorbing both geothermal and ambient energy. A heat pump then circulates this energy throughout the building. The wall panels are also suitable for tunnels and subway stations.
“This CHF 1.3 million injection is a testament to the confidence our investors place in enerdrape's mission and potential. It propels the company to scale operations, enhance product offerings, and strengthen the team with new talents,” commented enerdrape CEO and co-founder Margaux Peltier in the statement.
Thierry Mauvernay, President and Shareholder of the lead investor in the seed financing round Apres-demain SA, said: “With its innovative geothermal panel technology, enerdrape has the potential to revolutionize the energy sector, and we congratulate Margaux on her disruptive invention.” ce/gba