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Sustainable switchgear technology firm Nuventura secures €25 million in Series A funding, to accelerate global energy industry's transition away from harmful greenhouse gases

Sustainable switchgear technology firm Nuventura secures €25 million in Series A funding, to accelerate global energy industry's transition away from harmful greenhouse gases
  • Berlin-based Nuventura develops switchgear (GIS) technologies that support the energy industry's transition away from Sulfur hexafluoride, or SF6 - the world's strongest greenhouse gas, with 25,200x more global warming power than CO2
  • €25 million Series A funding round will be used to expand Nuventura's product portfolio and increase its global manufacturing capabilities
  • Round is led by Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, alongside new and existing investors

SINGAPORE, Sept. 5, 2023 /PRNewswire/ -- Nuventura, a leading provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, today announces the completion of a €25 million Series A investment round.

The round is led by Mirova, through its impact private equity strategy, alongside new investors and EIC Accelerator, and existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. The funding brings total investment in Nuventura to more than €35 million.

The capital will be used towards expanding Nuventura's product portfolio and the further development of its manufacturing capabilities around the world, as the company continues to drive the global energy industry's transition away from harmful greenhouse gas-based technology infrastructure.

Dr Fabian Lemke, Nuventura Co-founder and CEO, comments: "This is an extremely exciting time to be in this sector. Greater appreciation for the environmental threats posed by SF6 and accompanying regulatory oversight means that Nuventura, with our dry-air alternatives, is very much in the right place at the right time. This funding round is evidence of that and puts us in an ideal position to expand our operations internationally and continue providing sustainable switchgear alternatives for different use-cases together with our valued business partners around the globe."

Anne Boulet, Investment Manager at Mirova, comments: "The purpose of Mirova's private equity strategy is to foster the growth of innovative companies having a positive environmental impact. As the drive towards a progressive SF6 phase out is increasing, we are thrilled to have been given the opportunity to support Nuventura's great team in their international expansion and as such actively contribute to decarbonising the energy industry."

For international media enquiries, please contact Redgert Comms:
Stanij Wicaz (DACH) | Ben Bunyard (Intl.)

Berlin-based Nuventura specialises in the development of environmentally friendly gas-insulated switchgear: key hardware components found throughout electrical grids and energy infrastructure. Its patented technology replaces industry-standard sulphur hexafluoride (SF6) - the world's strongest greenhouse gas, with 25,200x more global warming power than carbon dioxide - with dry air. There is significant urgency to implement these alternative technologies as regulators start to phase out SF6's use in energy infrastructure due to its significant negative environmental impact.
Nuventura works with original equipment manufacturers, EPC providers, and project developers in sharing its technology and dividing the value chain through a partnership model, with the aim of accelerating and facilitating the energy industry's transition away from SF6. In so doing, Nuventura helps companies become compliant with imminent international regulation focused on the use of SF6 in switchgear and extend their product portfolios for new market segments in parallel.

Germany - Nuventura HQ and Technology Center
Wollenberger Str. 4F 13053-Berlin
Telephone: +49 30 120 875 290

Mirova is a management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. Through conviction management, Mirova's goal is to combine long-term value creation and sustainable development. Pioneers in many areas of sustainable finance, Mirova's talents aim to continue innovating in order to offer their clients solutions with high environmental and social impact. Mirova and its affiliates manage €29.9 billion as of June 30, 2023. Mirova is a mission-driven company, labeled B Corp*.
*The reference to a ranking or a label does not prejudge the future performance of the funds or its managers.

Portfolio Management Company - Anonymous Company
RCS Paris No.394 648 216 - AMF Accreditation No. GP 02-014
59, Avenue Pierre Mendes France – 75013 - Paris
Mirova is an affiliate of Natixis Investment Managers. 
Website – LinkedIn 

Natixis Investment Managers' multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 15 active managers. Ranked among the world's largest asset managers1 with more than $1.2 trillion assets under management2 (€1.1 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers' website at | LinkedIn: Natixis Investment Managers' distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 Cerulli Quantitative Update: Global Markets 2023 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2022.
2 Assets under management ("AUM") of current affiliated entities measured as of June 30, 2023 are $1,230.1 billion (€1,127.5 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.

French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 59, avenue Pierre Mendès-France – 75013 Paris
Natixis Investment Managers is a subsidiary of Natixis.

About is a venture capital fund based in the Netherlands focused on deeptech hardware start-ups. manages 200 million euros across multiple funds, with investments in Climate Tech, Semiconductors/Quantum and Industrial High Tech companies. With a team of financial professionals and technology entrepreneurs, actively supports their portfolio companies to achieve their goals and ambitions.

About Future Energy Ventures

Future Energy Ventures is the venture capital investment and collaboration platform of E.ON. It invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape. Typically focusing on digital, scalable and asset-light companies seeking Series A and B funding, Future Energy Ventures seeks to capitalise on the investment opportunities presented by the transition to this new energy future and maximise scaling opportunities for its portfolio. For more information visit

About EIC Fund

The European Innovation Council Fund from the European Commission is an agnostic Fund: it invests across all technologies and verticals, and all EU countries and countries associated to Horizon Europe. It provides the investment component of the EIC Accelerator blended finance.

The EIC Fund aims to fill a critical financing gap and its main purpose is to support companies in the development and commercialisation of disruptive technologies, bridging with and crowding in market players, and further sharing risk by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding.

The Fund pays particular attention to the empowerment and support of female founders as well as the ambition to reduce the innovation divide among EU countries.

About ADB Ventures

ADB Ventures is the Asian Development Bank's venture arm, supporting and investing in early-stage technology companies with the potential to scale and deliver climate impact in emerging Asia. ADB Ventures typically invests across seed and early stages, providing leading technology companies with capital, deep insights, and networks to reduce market entry risks and accelerate operational scale-up. For more information, visit 

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