Investments
41Portfolio Exits
1Funds
5Service Providers
1About 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.
Latest E-Synergy News
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.

E-Synergy Investments Activity

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 | Undisclosed Investors | 1 | |
3/12/2010 | Debt | |||||
1/18/2010 | Series A |
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 | ||
Amount | $0.46M | $0.39M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | Undisclosed Investors | ||||
Sources | 1 | 1 | 1 |
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 | 2 |
Date | 7/5/2016 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
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 | ||||
4/1/2003 | E-Synergy Early Growth Fund | ||||
East Midlands Early Growth Fund | |||||
Emerald II Proof of Concept Fund |
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 | ||||
Status | Closed | ||||
Amount | $1.49M | ||||
Sources | 1 |
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 former Chief Executive Officer, Andrew Stevenson.
Name | Work History | Title | Status |
---|---|---|---|
Andrew Stevenson | Chief Executive Officer | Former | |
Name | Andrew Stevenson | |
---|---|---|
Work History | ||
Title | Chief Executive Officer | |
Status | Former |
Loading...