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Venture Capital
e-synergy.com

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Investments

41

Portfolio Exits

1

Funds

5

Service Providers

1

About E-Synergy

E-Synergy is focused on early stage high technology companies. Through a combination of seed finance, training and management and marketing support, they provide entrepreneurs and company managers with opportunities for accelerated growth and commercial success. The firm was founded in 1999 by the CEOs of four major technology development and licensing organizations, to fill the investment gap which exists between business angel investors and conventional venture capital companies.

E-Synergy Headquarter Location

Fleet House 8-12 New Bridge Street

London, England, EC4V 6AL,

United Kingdom

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Latest E-Synergy News

Meet IONA Electric Truck & Van: Equipped With Battery & Ultracapacitors

Dec 3, 2018

Here is a new electric van and tiny electric truck from Asia AVEVAI is a new company that intends to capitalize on the electric vehicle revolution. The first two products, introduced at the Guangzhou Auto Show, are the all-electric Iona Van and Iona Truck. Vehicles were developed in partnership with Daimler (chassis), China Foton Motor (manufacturing) and Singapore-based e-Synergy (energy storage). News from Guangzhou The special feature of the Iona vehicles is an energy storage system called Graphene Energy Management System (GEMS), which combines lithium-ion batteries and ultracapacitors. According to AVEVAI and e-Synergy, such combination will take the high-power stress from the lithium-ion cells and extend the productive life of the battery. The warranty was set at 200,000 km (124,000 miles) or 5 years. e-Synergy – The Graphene Energy Management System (GEMS) Production (at the Foton facilities in Shangdong) and sales in China are to begin in February 2019. From May 2019 AVEVAI would like to gradually expand sales to Europe, U.S. and other countries like Japan, South Korea, Australia, New Zealand and even Russia. Iona Van spec: 80 kWh battery top speed of 100 km/h (62 mph) charging: around 4-4.5 hours at 22 kW AC curb weight: 2,600 kg Iona Truck spec: 44.43 kWh battery top speed of 90 km/h (56 mph) charging: around 2 hours at 22 kW AC curb weight: 1,600 kg 8 photos Development in partnership with Daimler, Foton and e-Synergy Avevai, a start-up from Singapore is showing the first electric vehicles of their new Iona series at the Guangzhou Auto show in China. They developed the chassis of their electric van and small e-truck together with Daimler and Foton but the real innovation is in the system. To power their Iona series of light commercial electric vehicles, Avevai has turned to e-Synergy, also of Singapore, for their graphene-infused supercapacitor technology. This energy management system allows for what Avevai calls an “unrivalled range” of 330 km for the Iona Van and 300 km for the Iona electric truck. Avevai set up their cooperation with e-Synergy long term it appears as they patented their jointly developed Graphene Energy Management System (GEMS) together. They say they can customise it for use in any electric vehicle and plan to market it in 2019. Controlled by a smart algorithm, GEMS allows charging and discharging cycles to run in nanoseconds and Avevai claims up to 85% of energy captured through regenerative braking. In the real world this means said battery technology can take faster charging and discharging cycles with less damage. Avevai specifies a 200,000 km or five year warranty and say a 22kW AC charging station will fully charge the Iona Truck in two hours, while the electric van takes less than four hours to be fully charged. Avevai designed their Iona series in Singapore but turned to Stuttgart in Germany to develop a custom chassis. The development at Daimler and Foton, longstanding partners, incorporated all performance and safety related components such as brakes, bearings, drive and control systems, as well as insulation and NVH, to comply with international standards. The body can be customised for various requirements with short and long wheel-base versions capable of carrying a payload of up to 2,500 kilos and up to 18 cubic metre of cargo. Foton of China will take over production of the electric vehicles for Avevai. The start-up set the on-sale of their electric vehicle series for February 2019, first in China. Other markets such as Europe and the U.S. will follow from May next year. <style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class=’embed-container’><iframe src=’https://www.youtube.com/embed/ifj4jy0CmW8′ frameborder=’0′ allowfullscreen></iframe></div>

E-Synergy Investments

41 Investments

E-Synergy has made 41 investments. Their latest investment was in Gogamingo as part of their Seed VC on July 7, 2012.

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E-Synergy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/24/2012

Seed VC

Gogamingo

$0.46M

Yes

1

2/1/2011

Seed

AirPOS

$0.39M

Yes

1

5/5/2010

Growth Equity

Blue Bella

Yes

1

3/12/2010

Debt

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10

1/18/2010

Series A

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$99M

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0

Date

7/24/2012

2/1/2011

5/5/2010

3/12/2010

1/18/2010

Round

Seed VC

Seed

Growth Equity

Debt

Series A

Company

Gogamingo

AirPOS

Blue Bella

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Amount

$0.46M

$0.39M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

0

E-Synergy Portfolio Exits

1 Portfolio Exit

E-Synergy has 1 portfolio exit. Their latest portfolio exit was Lovestruck on July 05, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/5/2016

Acquired

$99M

2

Date

7/5/2016

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

2

E-Synergy Fund History

5 Fund Histories

E-Synergy has 5 funds, including Ulster Innovation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/31/2010

Ulster Innovation Fund

Early-Stage Venture Capital

Closed

$1.49M

1

12/31/2007

Sustainable Technology Fund

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$99M

10

4/1/2003

E-Synergy Early Growth Fund

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$99M

10

East Midlands Early Growth Fund

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10

Emerald II Proof of Concept Fund

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10

Closing Date

3/31/2010

12/31/2007

4/1/2003

Fund

Ulster Innovation Fund

Sustainable Technology Fund

E-Synergy Early Growth Fund

East Midlands Early Growth Fund

Emerald II Proof of Concept Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$1.49M

$99M

$99M

Sources

1

10

10

10

10

E-Synergy Service Providers

1 Service Provider

E-Synergy has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Commercial Bank

General Business Banking

Service Provider

Associated Rounds

Provider Type

Commercial Bank

Service Type

General Business Banking

Partnership data by VentureSource

E-Synergy Team

2 Team Members

E-Synergy has 2 team members, including current Investment Partner, Jean Miller.

Name

Work History

Title

Status

Jean Miller

Investment Partner

Current

Andrew Stevenson

Chief Executive Officer

Former

Name

Jean Miller

Andrew Stevenson

Work History

Title

Investment Partner

Chief Executive Officer

Status

Current

Former

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