Greenbridge Announces Investment in EpinovaTech
Greenbridge Sàrl (Greenbridge), is pleased to announce an agreement to acquire over 50% of the share capital of EpinovaTech AB (EpinovaTech) through a direct investment in the company and the acquisition of shares from existing shareholders. The completion of the transaction is subject to regulatory approvals and is expected to be finalized during Q2 2024.
EpinovaTech was founded in 2019 and is headquartered in Lund, Sweden. A producer of epiwafers, the company has patented a technology called NovaGaN®, which allows the widespread adoption of Gallium Nitride (GaN) into industries such as automotive, 5G and renewable energy, where there is need for high efficiency and power-handling capabilities. The NovaGaN® technology enables faster and smaller electronics with reduced energy consumption, while also offering compatibility with existing chip factories, thus providing economies of scale, industrial scalability, and short time-to-market.
This investment underscores Greenbridge's commitment to fostering innovation and growth of companies that are disrupting their industries and have the potential to become the market leader. Greenbridge will take an active ownership role and work closely with the board and management team of EpinovaTech to refine and develop the long-term strategy.
“I firmly believe EpinovaTech holds the potential to completely revolutionise the EV industry and the larger electronic and renewable energy industries. Greenbridge will work relentlessly to ensure that happens.” - Ola Rollén, Greenbridge founder and Chairman.
“I am very pleased with this investment and for the interest from Greenbridge in the company's pioneering NovaGaN® technology. I am convinced that this is the beginning of something big.” - Martin Olsson, EpinovaTech AB founder and Inventor.
“EpinovaTech has set out to revolutionise the semiconductor industry at its core. We see a perfect match with Greenbridge - a visionary investor with an industrial heart - that shares our belief that strong partnerships are key for success. We are very much looking forward to a close relationship with Greenbridge as an active and long-term owner. “- Victoria Woyland, CEO of EpinovaTech AB
For further information, please contact:
Alan Hennebery, Chief Financial Officer, Greenbridge
alan.hennebery@greenbridge.lu
Jozephine Saers, Investor Relations Manager, Greenbridge
jozephine.saers@greenbridge.lu
Cecilia Rollén, Market Analyst and Communications, Greenbridge
cecilia.rollen@greenbridge.lu
Martin Olsson, Founder and Inventor, EpinovaTech
martin.olsson@epinovatech.com
Victoria Woyland, CEO, EpinovaTech
victoria.woyland@epinovatech.com
About Greenbridge
Greenbridge is a future-focused, long-term investment company with a mission to identify the trends, technologies and companies that will drive the next industrial revolution. Since 2016, Greenbridge has discovered and supported visionary founders and helped them to redefine their industries and disrupt the present for a greater future.
About EpinovaTech AB
EpinovaTech is a nano-technology company founded in 2019 looking to make the next generation power-chips based on Gallium Nitride (GaN) offering the highest power density at lowest weight and cost. EpinovaTech’s patented technology, NovaGaN® allows for the adoption of GaN in automotive, currently dominated by Silicon Carbide (SiC), as well as other high-demanding sectors such as 5G and renewable energy, while not only reducing energy waste but also making applications faster and smaller. NovaGaN® is compatible with existing chip manufacturing infrastructure providing economies of scale, industrial scalability, and short time-to-market.