According to Keyou, the exact investment volume was not disclosed. Startup However, it has stated that it is aiming for a “decent double-digit million amount” for the entire investment round. Munich startup develops emission-free hydrogen engines based on conventional diesel or gas engines.
"We are very pleased to have gained another partner from the 'automobile state' of Baden-Württemberg with ES Kapital – in addition to our anchor investor, Nagel Holding GmbH from Nürtingen. Discussions with additional investors are ongoing, and hydrogen is high on the agenda for many investors. The current financing round will be completed as planned in Q4 2020 and will support us in achieving our ambitious development and corporate goals,"
so Thomas Korn, CEO and co-founder of Keyou.
"There's enormous demand from manufacturers for hydrogen engines, and we want to take advantage of that. We're even receiving numerous inquiries from the rail and maritime sectors."
“Keyou will play an important role in global mobility in the near future”
Ralf Sonnenwald, Managing Director and Authorized Signatory of ES Kapital, says:
“We see enormous potential in the technology and are convinced that Keyou will play an important role in global mobility in the near future.”
Keyou was awarded the SET100 Award The award annually honors the 100 top international startups working on solutions to climate change, the energy transition, and the future of the Earth.
