Automated and AI-powered platform for sustainable electrosynthesis processes
ESy-Labs receives seed funding
In a seed financing round, High-Tech Gründerfonds (HTGF) invests EUR 600,000 in ESy-Labs’ proprietary platform technology. The fresh capital raised will be used to expand the technical equipment and employ additional staff to further advance the ESy screening technology.
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Through the electrosynthesis of organic fine chemicals and electrolytic recycling processes it is possible to develop significantly more efficient and also new processes to make better use of resources. Therefore, ESy-Screening provides access to this more sustainable alternative compared to the conventional chemical processes used to date.
ESy-Screening comprises high-throughput screening and artificial intelligence to develop or optimise electrosynthesis processes in a cost- and time-saving manner. As a result, the time to technical application is reduced significantly.
"Electrosynthesis is one of the technologies that will transform chemical synthesis in the coming years, especially given the current geopolitical circumstances and shortage of raw materials. We are taking a huge step forward in coupling the chemical industry and the energy sector", Prof. Dr. Siegfried R. Waldvogel, founder and CTO of ESy-Labs.
Thanks to the start-up financing from HTGF and public funding programmes, ESy screening with the planned automation will be fully available in three years. Already today, interested parties can get an impression of electrosynthesis with the existing screening technology. Electrosynthesis uses electric current for substrate activation instead of stoichiometric reagents.
"In the short to medium term, we expect a market volume for ESy screening and licensing revenue from proprietary developments in the mid-double-digit millions. We are very pleased to have HTGF as a partner to support our growth", Dr. Tobias Gärtner, CEO and founder of ESy-Labs.
"The electrochemical synthesis developed by ESy-Labs offers a more sustainable alternative to many industrially established reactions. I look forward to working with the strong team led by Dr. Gärtner and Prof. Waldvogel to lead new sustainable chemical and recycling processes to market maturity", Dr. Nik Raupp, Investment Manager at High-Tech Gründerfonds.
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Topic world Synthesis
Chemical synthesis is at the heart of modern chemistry and enables the targeted production of molecules with specific properties. By combining starting materials in defined reaction conditions, chemists can create a wide range of compounds, from simple molecules to complex active ingredients.
Topic world Synthesis
Chemical synthesis is at the heart of modern chemistry and enables the targeted production of molecules with specific properties. By combining starting materials in defined reaction conditions, chemists can create a wide range of compounds, from simple molecules to complex active ingredients.
