Fouriertransform invests in El-Forest
Fouriertransform has invested SEK 20m through the issue of new shares in El-Forest AB.
The investment will enable the company to commence serial production of their product, an electric forestry machine designed to carry felled trees through the forest.
Fouriertransform is a state-owned venture capital firm that supports early-stage firms in the Swedish automotive industry. The investor is now the largest single shareholder in the company.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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