Eco-Tech Ceram has successfully secured €16 million in Series B funding to enhance its decarbonized heating solutions for the industrial sector, reinforcing its growth and market position.
Information on the Target
Founded in 2014 and headquartered in Toulouse, Eco-Tech Ceram (ETC) specializes in energy efficiency within the industrial sector. The company focuses on providing sustainable, decarbonized heating solutions that are economically viable and reliable for industrial clients. By leveraging advanced scientific expertise and partnerships with entities such as the CNRS and Bpifrance, ETC is leading initiatives that are critical for reducing carbon footprints in manufacturing.
Recently, ETC successfully raised €16 million in a Series B funding round to enhance the deployment of its turnkey solutions. This capital increase was led by the Fonds Révolution Environnementale et Solidaire, backed by Crédit Mutuel Alliance Fédérale, and the PSIM fund managed by Bpifrance as part of the France 2030 initiative. With these new resources, ETC aims to strengthen its production capabilities while further refining its technical improvements.
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Industry Overview in France
The French industrial sector consumes nearly 300 TWh of heat annually, predominantly sourced from imported fossil fuels. This reliance on fossil resources undermines the competiti
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Disclosed details
Transaction Size: $17M