ERSEL INVESTMENT CLUB focuses on Hydrogen
Ersel Investment Club, a Private Equity Fund managed by the Ersel Group, has announced its entry into the share capital of Electro Power Systems (now one of the most important Italian companies “clean tech “) in order to fund the production growth and commercial development of the company.
Electro Power Systems is a Turin-based company specialised in the design and production of the most advanced hydrogen fuel cell systems for backup applications currently available on the market. These systems are primarily used to guarantee energy for communication towers within mobile phone networks in the event of an electricity blackout.
Ersel Investment Club will invest 5.0 million euros via a capital increase, thereby joining the founders, venture capital fund 360 Capital Partners, and 77 Holding, all of whom are already present in the partnership and will together invest an additional 1.0 million euros.
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