Exoes Secures €35M Funding for Market Expansion and Engineering Development

Exoes Raises €35M in Funding

Key Highlights:

• Funding: Exoes, an advanced engineering services provider for the car manufacturing industry and fluid manufacturers, raised €35M in funding.
• Investors: Meridiam Green Impact Growth Fund (GIGF) and Bpifrance Fonds Avenir Automobile 2 participated in the funding round.
• Market Opportunities: The funding will be used to further explore market opportunities and expand the team of engineering experts.

Exoes' Target Market

• Car Manufacturers: Providing advanced engineering services to car manufacturers, especially in the electric vehicle (EV) segment.
• Fluid Manufacturers: Offering engineering services to fluid manufacturers, supporting their development of products for the automotive industry.
• EV Platform Development: Developing battery packs through a dedicated subsidiary, with a focus on immersion cooling technology.

What Exoes Needs to Buy

• Research and Development: Investing in R&D to enhance engineering capabilities and develop innovative solutions for the automotive industry.
• Manufacturing Equipment: Acquiring advanced manufacturing equipment to support the production of battery packs and other automotive components.
• Business Development Services: Partnering with marketing and business development agencies to explore new market opportunities and expand the customer base.