MONDRAGON Corporation, through its Promotion Fund II, together with the cooperative Domusa Teknik, has formalized this new strategic investment operation.
Hotta is a young company operating a unique infrastructure: modular data center units that serve two simultaneous purposes. On the one hand, they process digital data and, on the other, they harness the intense heat generated by the servers to produce thermal energy. These state-of-the-art systems are installed easily (“plug-and-play”) and connect directly to water heating systems. In this way, waste heat becomes a usable, low-cost, low-carbon energy source for heating and domestic hot water (DHW).
To date, Hotta already has a market presence and has successfully completed its first installations. These innovative solutions complement Domusa Teknik’s current offering in climate control and DHW. In addition, both companies have reached manufacturing and maintenance agreements that further strengthen their joint value proposition.
According to Imanol Oleaga, CEO of Domusa Teknik, "When MONDRAGON Ventures proposed that we take part in the investment in Hotta alongside MONDRAGON and Fluidra, we clearly saw it as a highly attractive opportunity. It complements our offering, allows us to access markets where we normally have less presence, and also provides us with manufacturing and maintenance agreements, a line we have been working on intensively in recent months."
Julián Gallardo, from MONDRAGON Ventures, commented on the transaction: "We have known Hotta since they launched their proposal and have always remained close to them. When we saw their ability to commercialize these solutions, we quickly spoke with Domusa Teknik, as it was the most logical fit for a proposal that innovates through efficiency and commitment to the environment."
In addition to Domusa Teknik, Fluidra has also decided to invest in Hotta, bringing a new perspective and opportunity from the heated swimming pool market, a sector in which the company is a global leader. The investment is completed by three venture capital entities: the MONDRAGON Promotion Fund, Faraday Ventures, and Soria Emprende
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