Smart Hydro Power GmbH, a Feldafing, Germany-based company that develops, manufactures, sells and markets kinetic micro-hydro power plants, has raised €2.7m in a second round of funding.
Backers include eCapital entrepreneurial Partners AG, which made the investment with its Cleantech Fond.
The company intends to use the capital for the financing of reference projects and the development of international sales and marketing.
Led by Dr Karl Kolmsee, Managing Director, Smart Hydro Power with its micro-hydro power plants, addresses the market for ecological, decentralized energy supply, particularly in developing countries. The plants are characterized by their robust construction, low maintenance and easy installation.
The company plans to produce 250 micro-hydro power plants per year from 2012.