Compact Power Motors Completes €5M Financing

Compact Power Motors GmbH (CPM), a Munich, Germany-based manufacturer of compact electric power drives, has completed a €5m financing round.
The funding was led by Environmental Technologies Fund (ETF), with participation from existing investors Munich Venture Partners and KfW Bankengruppe.
The company, which supplies compact electric drives for all types of vehicles, power units and generator-related applications, will use the funds to support its growth plans.

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