EIC Fund invests over €15 million in tech start-up STABL Energy

Colo­gne — The EIC Fund invests in the tech start-up STABL Energy GmbH. The invest­ment was made as an equity invest­ment in a Series A finan­cing round under the Hori­zon Europe program. Oppen­hoff has again compre­hen­si­vely advi­sed the EIC Fund on its invest­ments in Germany.

The EIC Fund is the special fund of the Euro­pean Inno­va­tion Coun­cil and thus the central invest­ment vehicle of the Euro­pean Commis­sion. It serves to imple­ment the Euro­pean Commission’s EIC Acce­le­ra­tor program, which supports inno­va­tive and sustainable Euro­pean growth compa­nies. The EIC (Euro­pean Inno­va­tion Coun­cil) was estab­lished under the pilot project “Hori­zon 2020 — the Frame­work Programme for Rese­arch and Inno­va­tion” and successfully contin­ued in 2021 with the launch of the “Hori­zon Europe Programme”. With a dura­tion from 2021 to 2027 and a total budget of up to €95.5 billion, it is one of the largest funding programs for rese­arch and inno­va­tion world­wide. In 2022, the EIC Fund was the largest Euro­pean deept­ech VC fund with 71 invest­ments. Oppen­hoff has advi­sed the EIC Fund on its Germany invest­ments since 2021.

STABL Energy GmbH deve­lops energy storage systems from discarded vehicle batte­ries. The aim is to increase the use of rene­wa­ble ener­gies with the help of energy storage systems and at the same time to extend the life cycle of car batte­ries. The finan­cing round has a total volume of up to EUR 15 million.

Advi­sor EIC Fund: Oppenhoff

The Oppen­hoff team, led by Dr. Peter Etzbach (photo © Oppen­hoff), included Dr. Jonas Weise (both Corpo­rate /M&A), Georg Leche­ler, Dr. Patric Mau (both IP), Dr. Johan­nes Kaes­bach (Labor Law); Chris­tian Saßen­bach and Dr. Axel Grätz (both IT&C).

About Oppen­hoff

Oppen­hoff regu­larly advi­ses compa­nies in the venture capi­tal envi­ron­ment, most recently, for exam­ple, the EIC Fund on its invest­ment in biotech start-up CO2BioClean, on its invest­ment in tech start-up enote, on its invest­ment in tech start-up Nyris as well as on nume­rous other invest­ments in German start-ups, SellerX on its acqui­si­tion of KW-Commerce, Beyond­Build on its stra­te­gic merger of spaceOS and Equiem Holdings.
The full-service law firm Oppen­hoff finds indus­­try-speci­­fic solu­ti­ons for groups, large owner-mana­­ged compa­nies and finan­cial inves­tors. More than 100 attor­neys advise on all major areas of busi­ness and tax law.