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Car production relocated to the State of Thuringia

  • 2007

bm|t finances expan­sion of Funke & Will AG

bm|t beteili­gungs­man­agemenet thürin­gen gmbh has invested an undis­closed sum in car pro­ducer Funke & Will AG (F&W) to finance their expan­sion and the par­tial relo­ca­tion of car pro­duc­tion to the State of Thuringia.

By build­ing up a car pro­duc­tion facil­ity in Thuringia, the Sax­ony based F&W will sub­stan­tially increase their capac­ity. Cur­rently the com­pany is exam­in­ing loca­tions for the new facil­ity. Main rea­sons for locat­ing the pro­duc­tion facil­ity in the State of Thuringia are the good infra­struc­ture at the heart of Ger­many and the close­ness to sup­pli­ers. Pro­duc­tion is planned to start at the end of this year.

Through the invest­ment of bm|t we will be able to increase our pro­duc­tion to over 250 cars per year and cre­ate up to 80 new jobs in the medium term“, Philipp Will, CEO of F&W stated. For bm|t the invest­ment in F&W per­fectly com­ple­ments the exist­ing invest­ment port­fo­lio of young and inno­v­a­tive com­pa­nies in Thuringia. „Due to its good mar­ket posi­tion­ing we see excel­lent national and inter­na­tional growth per­spec­tives for Funke & Will“, says Dr. Guido Bohnenkamp, Man­ag­ing Direc­tor of bm|t.

Thomas Kühr (equity4ventures) who will be appointed as CFO of F&W, advised the com­pany on the struc­tur­ing of the financ­ing round and acquired a stake in F&W.

Company profile of Funke & Will AG (F&W)

F&W is a car pro­ducer that is spe­cialised in the process of auto­mo­bile small vol­ume pro­duc­tion (pro­to­typ­ing, con­cept cars, small series).

The com­pany was founded in 1999 and has since devel­oped and pro­duced 9 dif­fer­ent small series as remit­tance work. Based on a pro­to­type sports­car pre­sented on the IAA in 1999, F&W devel­oped the YES! Road­ster (Young Engi­neers Sports­car) that has been suc­cess­fully mar­keted since 2001.

F&W was hon­oured with the Ger­man Entre­pre­neur award in 2004 and the Good Design Award of the Chicago Athenaeum as “best new car design of the year” in 2006.

Contact

Funke & Will AG
Arnd Sünner

Zum Fliegerhorst 11
D‑01558 Großenhain
+49 (0) 3522 5267–0
+49 (0) 3522 5267–91

 www.funkewill.de
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