BEIJING (CN) – After months of friendly talks, China Belgium VC Fund (Beijing, China) and EnergyVision (Gent, Belgium) signed a Memorandum of Understanding in Beijing, with regard to a capital injection of 20 million RMB of the Fund, through one of EnergyVision’s daughters in Tianjin. The confirmation of the signing took place in the Great Hall of the People, on the historic Tiananmen Square, and was attended by the Chinese Prime Minister Li Keqiang and the Belgian Prime Minister Charles Michel. The ceremony was followed by a dinner with both Prime Ministers.
At this moment, EnergyVision (°Oct 2014) has a team of 39 hard-working people in its offices in Gent (BE), Tianjin (CN) and Khouribga (MA). It is recognised as the fastest growing start-up company of Belgium last year, reaching over 20 million EUR of turnover and a net consolidated profit of 3.8 million EUR by 30 Sept 2016. More than 65% of its turnover is realised through its Chinese activities.
EnergyVision is specialised in energy technologies (in relighting, energy saving window films, PV, waste heat recovery and power generation) and financial models for energy projects. Among its customers are local Chinese companies in Suzhou and Tianjin regions, as well as international companies such as Airbus, Picanol, Cortina and Schneider.
Maarten Michielssens, CEO and founder of EnergyVision: “We greatly appreciate the recognition of China Belgium VC Fund. For a young SME as ours, it is of huge importance to have backup by serious parties such as Datang Telecom, the Belgian government and their Fund. The investment will facilitate us to further develop our key markets, deliver better service to our clients, and reach sustainable growth. We believe this investment allows us to make a significant leap in 2017, not only to grow as a responsible market player, but also to create extra value for our clients and partners.”
Chairman Chenhui Duan of China Belgium Fund: “This Fund is a landmark of Sino-Belgian relation development. Apart from its economic purpose as its peers, we seriously look into Belgian companies which are active in China, and always try to promote them grow in this country. We appreciate that our friends of EnergyVision welcome us as a partner, while our faithful willing is the cooperation will be a milestone in the development of the bilateral relation between our two countries.”
Beyond a capital injection, China Belgium VC Fund and EnergyVision will also jointly work on a Tech Transfer Center Programme and on further opportunities for the Fund.