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CLEANTECH INVEST AG leads Investment Round in Zonzoo Group

Cleantech Invest AG / Key word(s): Corporate Action/Miscellaneous
CLEANTECH INVEST AG leads Investment Round in Zonzoo Group

07.12.2010 / 17:48


- Cleantech Invest AG leads a EUR 1.5M investment in leading mobile phone
refurbishment and recycling business
- Two existing investors also participate in the convertible note financing
round
- Proceeds will be used to fund international growth strategy and product
diversification

St. Gallen, 7 December 2010 - CLEANTECH INVEST AG (ISIN: CH0034183175,
Ticker Frankfurt: 4CT, Ticker Berne: CTI, www.cleantech-invest.ch) - a
Berne and Frankfurt Stock Exchange listed Growth Capital Fund focusing on
Clean Technology Investments announces its investment into the Zonzoo
Group. Cleantech Invest AG led and structured the EUR 1.5M convertible note
financing round together with existing investors StoneFund NV and
OakInvest.

Zonzoo Group (www.zonzoo.com) is an international leader in the recovery,
refurbishment and reuse of used mobile phones. Since its inception in 2001,
Zonzoo has succeeded in establishing extensive sourcing and distribution
capabilities. In addition to online sourcing, Zonzoo acquires used mobile
phones via physical collection points - working with partners like
Vodafone, Media Markt and Tesco. Zonzoo Group operates globally, with
corporate headquarters in Mitcham, UK and operational headquarters in
Munich, Germany.

Colin Armstrong-Bell, CEO of Zonzoo Group, comments: 'With Cleantech
Invest's support and investment, we aim to significantly expand the company
and make Zonzoo the international household brand for collection and reuse
of used consumer electronic goods.' Jürgen F. Habichler, President of the
Board of Directors of Cleantech Invest AG, comments: 'Electronics reuse and
product lifecycle extension not only prevent highly-toxic chemicals from
reaching landfills, but also ensure that useful metals found in mobile
phones like gold, platinum and copper are kept in the production stream.
Zonzoo is prone to become one of the leaders in the emerging market of
collection and reuse of used consumer electronic goods. We are excited to
work with the founder Colin Armstrong-Bell and his world-class team'.


About Cleantech Invest AG
Cleantech Invest AG (ISIN: CH0034183175, Ticker Frankfurt: 4CT, Ticker
Berne: CTI, (www.cleantech-invest.ch) headquartered in St. Gallen,
Switzerland, is a stock exchange listed Growth Capital Fund focusing
exclusively on clean technology and renewable energy. Cleantech Invest AG
invests in established and growing companies in the field of renewable
energy, environmental and climate protection.

About Mountain Cleantech AG
Mountain Cleantech AG (www.mountain-cleantech.ch) headquartered in
Wädenswil/ Zurich, Switzerland, is the Investment Advisor of Cleantech
Invest AG. Mountain Cleantech AG was founded in the beginning of 2007. The
native German-speaking Investment Team combines extensive Cleantech,
Corporate Finance and Growth Capital experience. The team has been managing
its first fund Cleantech Invest AG since 2007.


Contact
Jürgen Habichler
Phone: +41 44 78 38 041
Email: contact@cleantech-invest.ch
Internet: www.cleantech-invest.ch


End of Corporate News


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Language:                 English                       
Company:                  Cleantech Invest AG           
                          Dufourstr. 121                
                          9001 St. Gallen               
                          Schweiz                       
Phone:                    +41 44 78 38 041              
Fax:                      +41 44 78 38 040              
E-mail:                   contact@cleantech-invest.ch   
Internet:                 www.cleantech-invest.ch       
ISIN:                     CH0034183175                  
Swiss Security Number:    A0M1SE                        
Listed:                   Open Market in Frankfurt; BX  
 
 
End of News    EquityStory AG News-Service  
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