econnext launches €75 million private placement to support climate tech

By Marisa Wong

Los Angeles, Feb. 14 – econnext AG is inviting accredited investors in the United States to join existing shareholders in its 2024 private placement of up to €75 million of newly issued shares, according to a press release.

Invest.Green will be the platform for this private placement, according to a press release.

The proceeds will be used mainly for the group operating companies’ operating expenses, for working capital, for selected acquisitions and as a bridge to a potential IPO in the medium term.

econnext is a Frankfurt-based parent of a group of operating climate tech companies. The activities of the econnext group range from energy storage to solar roof tiles, from high-tech solar panel recycling to off-grid energy and from green investing to carbon removal technologies and electric vehicle charging.

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