Date: 14.12.2021
We, SNGLR Group, are excited to announce our strategic partnership with 1886Ventures, Stuttgart Germany, in a joint undertaking as venture builders.
As a first result of this new partnership, we were introduced to Dresden-based company iQRON AG, with their new and innovative approach to wind turbines.
SNGLR Group hereby announces our investment in iQRON AG and welcomes the iQRON team to our portfolio companies. The investment will primarily help iQRON to build a pilot combining their small wind turbines with SENTImotion GmbH’s hydraulic solution.
iQRON’s small wind turbines are already leading the way in terms of cost, ROI and low noise level of 35 db. Combined with SENTImotion‘s world-class hydraulic solution, wind energy will be taken to a new level, particularly due to their turbine’s ability to produce continuously energy even during low wind phases. The application scope of such a technology is wide open: from smart mobility, energy microgrids in remote locations, particularly in developing countries, but also extending to leading smart city concepts.
Quote: Michael Eckelmann, CEO iQRON AG: „We welcome SNGLR and SKV as our new shareholders to boost our R&D-pathway towards a new way of “thinking” small wind technology. We are excited to win both teams with many years of international industry expertise and look forward collaborating with them strategically.”
Quote: Dr. Jochen Schilcher, VP SNGLR Capital: „Based on our close collaboration with 1886Ventures in deal-sourcing and business-building activities, iQRON/ SENTImotion was brought to our attention and we are convinced to jointly further develop iQRON/ SENTIMotion as a leader for renewable energy solution within decentralized and efficient smart city endeavors.”
We congratulate Michael Eckelmann, CEO iQRON AG, and his team for the successful closing of their financing round with SNGLR Capital and SKV. We are looking forward to building this venture with the support of our dedicated teams of scale-up advisors, strategists and technology experts at SNGLR Digital and SNGLR XLabs.
About iQRON AG
iQRON, a Dresden-based German startup, revolutionizes small wind turbines by an intelligent and modular production of the generator in industrial series. This massively reduces costs for small wind turbines and guarantees consistently high quality and a long service life.
www.iqron.de
About 1886Ventures
1886Ventures is a technology group with a focus on green tech activities as well as sustainable and digital business models. We accompany industrial partners in their transformation towards a sustainable future. We work together with industry market leaders to build the next frontier of international rising star companies that will set standards in the future industry.
Our venture portfolio consist of companies in growth areas such as fuel cell technology, circular economy, data connectivity, digital car subscription as well as software products. The heritage of 1886Ventures is based on the Mercedes-Benz innovation unit Lab1886 established in 2007 – an innovation pioneer in the automotive industry. The 1886Ventures team and its shareholders combine industry expertise and software competence with entrepreneurship and innovation skills.
www.1886.ventures
About SNGLR Capital AG
SNGLR is pronounced “singular” and expresses our drive and enthusiasm to work with singular, exponential technologies. SNGLR Capital AG is the venture capital entity within SNGLR Group and is focused on investments in the sectors longevity and smart mobility/ smart cities, and leading exponential technologies such as AI or blockchain. SNGLR Group has two other entities, beside the Capital team, forming all together a unique business model:
SNGLR Digital AG, a team of skilled and diverse advisors & consultants with strong capabilities ranging from strategy to digital innovation, M&A, marketing and data analytics. The aim is to excel and help clients and startups solve the greatest challenges around exponential technologies.
SNGLR XLabs AG, highly skilled IT Gurus & deep tech Devs that build bespoke solutions for clients as well as internal applications, leveraging the latest exponential technologies (AI, blockchain, VR/ AR, etc.)