MADRID, January 20, UPI)-wind turbine-maker Gamesa Spain this week announced an investment in a start-up that is targeted at the emerging market for electric vehicle charging stations.
Gamesa Wednesday saying the venture capital arm has a 20 percent stake in N2S, software maker Madrid that specialize in the management of the smart EV charging stations in real time.
The dollar amount of shares was not disclosed but comes from a $ 64 million venture fund formed by the company to make strategic investments in renewable energy start-ups through 2016.
The company says it has put an investment of $ 4 million to $ 6.5 million to fund the effort.
Gamesa has introduced some prototype EV charging stations that it says will start rolling from the manufacturing line, Spain’s Valencia, this year. It has been working with utilities of Iberdrola to supply Spain and market units.