ENOGIA Secures €2 Million Financing for Turbo 2028 Plan

ENOGIA, a specialist in micro-turbomachinery, has obtained €2.04 million in financing through convertible bonds, primarily underwritten by Vatel Capital. This financing can be increased to €3 million, supporting ENOGIA's strategic Turbo 2028 plan aimed at growth and profitability, targeting €25 million in revenue by 2028.

This transaction follows ENOGIA’s recent success in South Korea, highlighting the company's strong commercial momentum. The funds will be used to repay existing debts and fund key initiatives including increasing industrial capacity, enhancing services, and continuing R&D efforts.

ENOGIA’s bond issuance consists of two tranches, each worth €1.02 million, with varying interest rates and maturities. While the bond conversion could dilute existing shareholdings, it aligns future interests between shareholders and investors through its structured pricing model.