PHOENIX CONTACT Innovation Ventures closes investment in Germany-based Blue Inductive
A consortium of four institutional investors and a business angel backs Series Seed financing round of the young startup, located in Freiburg. With the new funds, Blue Inductive plans to expand its team and accelerate its market launch.
Blomberg, Germany – Phoenix Contact Innovation Ventures has completed an investment in Blue Inductive (www.blue-inductive.de), a German-based high-tech startup which develops efficient wireless power systems for industrial applications. “The market potential for inductive charging technologies is huge. Especially for industrial applications, there have been several technological barriers in the past that impeded a rapid adoption of this technology. Blue Inductive technology opens up new opportunities for a growing market acceptance, especially in the industrial and robotic segments. With this innovative technological approach the company offers high efficiency and new automation possibilities in the wireless charging segment”, stated Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures.
Founded in 2016 by former scientists of Fraunhofer Institute ISE in Freiburg, Blue Inductive develops a wireless charging system for industrial applications, like mobile robots, AGVs or electric forklifts. The etaLink technology of Blue Inductive proposes an innovative approach that addresses the main challenges of implementing wireless charging technologies in industrial applications. Based on the principle of magnetic induction and with several innovations in the areas of circuit topology, control strategy and coil design, the etaLink technology allows super-fast charging with high power and efficiency with compact, lightweight and bi-directional hardware.
The company is expected to launch its first commercial product in the short-term and is currently cooperating with renowned OEM. With this new funding round, Blue Inductive is well positioned to execute its go-to-market strategy and achieve key technical and commercial milestones. Phoenix Contact will support this development with its industrial and technical know-how: “We are delighted to have Phoenix Contact as a new strong partner and investor in Blue Inductive that fosters the success of our company not only financially, but also with invaluable industry expertise and access to the know-how of a well-established supplier of industrial components”, says Johannes Mayer, Co-Founder and Managing Director of Blue Inductive.
This Series Seed investment was led by a consortium of four institutional investors, including Phoenix Contact Innovation Ventures, High-Tech Gründerfonds, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg and VC Fonds Baden-Württemberg. Furthermore, the round was joined by the existing Business Angel as well as by the four founders.
For more information please contact:
PHOENIX CONTACT Innovation Ventures
32825 Blomberg, Germany
Tel.: +49 5235 341423
Fax: +49 5235 343888
About PHOENIX CONTACT Innovation Ventures GmbH
PHOENIX CONTACT Innovation Ventures is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The venture capital company invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets.
About Blue Inductive GmbH
Blue Inductive is a Germany-based company founded in 2016 by Florian Reiners, Johannes Mayers, Benriah Goeldi and Johannes Tritschler, all four former employees at the renowned Fraunhofer Institute. The company develops wireless superchargers for electric vehicles, i.e. mobile industrial robots and electric cars. With proprietary technology, Blue Inductive’s systems achieve a high performing and efficient charging process without the need of human interaction.