eCAPITAL invests in HTGF portfolio firm Smart Hydro Power
eCAPITAL has led a €2.7m capital increase for High-Tech Gründerfonds (HTGF) portfolio company Smart Hydro Power.
HTGF invested in the company in 2011, a deal led by senior investment manager Andreas Quauke.
Company
Smart Hydro Power is a German cleantech company that develops and produces micro-hydro power plants. One plant can generate up to 5kW of power. The products are targeted at fast-growing developing countries where they can be used to supply power for residential buildings or hospitals.
The company is planning to manufacture 250 micro plants per year from 2012 onwards.
People
Michael Luebbehusen, managing partner, led the investment on behalf of eCAPITAL. Karl Kolmsee is managing director of Smart Hydro Power.
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