Faurecia has said it is investing in the French start-up Enogia in order to 'enhance its expertise in energy recovery technology'.
Founded in 2009 and based in Marseille, the start-up, which employs 30 people, has developed and patented a 'hermetic, compact high-speed turbine that recovers heat and converts it into electricity'.
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Faurecia says that Enogia's technologies are suited to commercial vehicles, trucks and high horsepower engines (marine transport and generators) and the investment by Faurecia will enable it to grow rapidly in these market segments.
Yves Dumoulin, Vice President Strategy at Faurecia Clean Mobility said: "Enogia's technology enables Faurecia to expand its portfolio of energy recovery solutions. We are pleased to invest in an innovative French start-up that already has several national and international achievements to its name."
Arthur Leroux, CEO of Enogia said: "Faurecia has emerged as the best partner to support our development. Faurecia is an industrial company that boasts leading-edge innovation in clean mobility and shares our goal of becoming the world leader in converting waste heat to electricity for transportation and industry applications."
The investment is being made by Faurecia Ventures, which 'advances Faurecia's innovation strategy by identifying, incubating and investing in innovative companies'.
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