Renens VD – Nanogence SA has secured financing from a consortium of investors led by CirCap and Planet First Partners and the EIC Fund. The company’s CO2-reduced concrete is now also being used in airport construction in India.
Nanogence SAhasclosed a new financing round, according to a media release. It was led by the CirCap investment fund, which provides strategic private capital to innovative companies in climate technology, healthcare and education and has €500 million in assets under management.
Partners in the financing of Nanogence, based in Renens near Lausanne in the Innovation Park of the Swiss Federal Institute of Technology Lausanne(EPFL), continue to be Planet First Partners and the EIC Fund, the equity investment arm of the European Innovation Council (EIC).
While Nanogence’s commercial developments focus on the United States, the company is also currently supporting the construction of Noida International Airport, which is being built by Tata Group and developed by Zurich Airport. The airport is expected to be India’s largest when completed, according to the release, and aims to become the country’s first net-zero airport.
The new investment will strengthen Nanogence’s operations and production capabilities in various regions. Demand for low-carbon solutions in the construction and building industries is growing worldwide, he said. The production of cement alone is responsible for 8 percent of global carbon emissions, the statement said. Nanogence’s proprietary catalyst technology, he said, results in carbon emissions savings of up to 40 percent without changing the current manufacturing process.
“With growing global demand, it is critical for us to partner with like-minded, strong funders for our growth phase,” Abhishek Kumar, CEO and founder of Nanogence, is quoted as saying. ce/gba