We are in an expansive phase, and evaluate a number of opportunities with the plan to conclude further acquisitions during 2017 and 2018. Our current investments were made in five carefully selected companies, being:
EcoEtanol Sweden AB. The company manufactures a novel patented production equipment for processing leguminous plant, primarly field beans, through so-called wet threshing. The main output is currently protein to feed and food. Notable benefits for the farmer is earlier harvest, that gains time for winter wheat and increasing harvest due to the crop rotation. Replacing protein from soy beans with that from field beans will decrease the pressure on the sensitive rain forest and savannah ecosystems. The product is marketed under the brand name Peas on Earth. Our share of this company correspond to 0,5%.
Soliga Energi AB Karlstad. The company offer installations and financing solutions of solar electric system, to both corporate and domestic customers. The founders originate from the Glava Solar Energy Center near Arvika in Värmland County, and also have connections to the Norwegian solar industry. The operations started in early 2017, and toward the end of the year, allready several successful projects had been completed. RVN acquired a minority position in two steps through January and May 2018. The resulting exact ownership will be resolved after the closure of the current share issue. We also have share options valid until December 2018 to acquire additional shares in the company.
Mindconnect offer a range of State of the Art vehicle navigation products in order to improve logistics and traffic flow. The award winning company was founded in 2012 and has its headquarters in Stockholm, Sweden. Their main products are currently CityFlow which is the core for vehicle navigation, and Eventico, an application for smart event management. Their team is strongly innovation focused and consists of civil engineers with experience from various fields within Product Design, Big Data Analytics, IT architecture, Technical Project Lead and Software Engineering.
RVN currently hold 3,4% ownership of Mindconnect
GreenCharge Infra is based in Karlskrona and offer payment solutions for the charging of Electric Vehicles. GreenCharge Infra offers customer friendly access to charging stations for all electric vehicle drivers. Their services are based on the latest Block-Chain and IoT Technologies. The company is in an expansive phase and are bidding and winning procurments primarily for municipalities, energy companies and transport fleet managers. They are also developing and expanding their product portfolio.
RVN’s initial investment gives us a share of 3.0% of the company.
Relifed AB is based in Varberg, and provide an innovative and efficient production alternative, so called dynamic 3D-extrusion. The method is a globally patented, and enable savings of material, weight and energy, higher efficiency in heat-transfer and lower production costs. The production is valid for many materials, such as aluminum, magnesium, plastic, rubber, TPE, composites and ceramics, typically for components to the vehicle industry.
RVN’s initial investment gives us a share of 2,8 % of the company.
Geotermica, which is a trade name of Renewable Ventures Nordic AB is in the process of revitalising a Geothermal energy project on the Eolian Islands in the Sicily region of Italy. The license for this project was initially applied for in 2011, and it was awarded by the authorities to the competing company K Energy Srl. Lately the authorities in Sicily have ordered this license to be revocated, i.e. withdrawn. As the second original applicant Geotermica now comes in the position for the award of the license. We are preparing necessary legal action to enforce our application and expect to be able to sign the the license during 2019. Following this, the operation will be ramped up, starting with exploring the geothermal energy resource, and involving a planned collaboration with local electricity companies in Sicily and the Eolian Islands. The project is targeting to supply current electricity consumption on the Eolian Island, with an installed geothermal production capacity of 4 MW.