BeGas, a Basque company specializing in the manufacturing of engines for industrial vehicles powered 100% by bioautogas, has successfully completed a new capital increase of €18 million. This investment will enable the company to accelerate its growth and advance the development and approval of two new bioautogas engines.
The operation involved a consortium of investors, including new participants such as Stellum Growth (a private equity firm) and the U.S. truck manufacturer Nexio Power Inc. Additionally, existing investors reinforced their commitment, including Innvierte (CDTI), Ekarpen Private Equity, Repsol Energy Ventures, Itzarri EPSV, Easo Ventures, Seed Capital de Bizkaia, and BeGas' founder, Pedro Silva.
The funds raised will be allocated to strengthening key areas of the business. A portion will be focused on the development and certification of two new 6- and 9-liter bioautogas engines, set to launch in 2025. These engines will expand BeGas’ offering in the heavy urban transport segment, covering vehicles ranging from 12 to 26 tons.
Additionally, the investment will help reinforce the company’s supply chain, which already includes strategic partners such as ZF Group, Bimotor/FPT, and Bosch Engineering Group. To ensure the reliability and performance of its engines, BeGas collaborates with leading automotive technology centers such as the CMT–Clean Mobility & Thermofluids Center and the CTAG–Automotive Technology Center of Galicia.
As part of its 2025-2028 strategic plan, the company aims to triple its business volume and increase its workforce by 50%. BeGas will also intensify its commitment to hydrogen engine research, participating in two R&D projects co-financed by Next Generation EU funds in collaboration with institutions such as the Center for Technological Development and Innovation (CDTI) and the Institute for Energy Diversification and Saving (IDAE).
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