Jensel, a company that develops green energy solutions based on fuel cells for electricity generation using hydrogen, is preparing to accelerate its activities. The raising was carried out through a private placement of shares, which constitute approximately 10.4% of the Company’s fully diluted capital, to a number of leading institutional entities in the Israeli capital market, including the Harel Group, which becomes a stakeholder in the company, Migdal Insurance and Meitav Dash. .
The Harel Insurance Group invested approximately NIS 60 million in the offering, and after its investment, increased its holding to approximately 6.9% of Jencel’s shares, and will become a stakeholder in the company. The Migdal Group, which has an existing interest in the company, participated in the issue in the amount of NIS 30 million, and as a result, its shareholding in the company will increase to approximately 8.9%. Additionally. Meitav-Dash participated in the issue in the amount of NIS 16.5 million and increased their holding in the company to approximately 2.7%, and other entities also participated in the issue.
The capital raising will support the expansion of Jensel’s operations, among other things based on the strategic collaborations it has signed in the past year with Deutsche Telekom in the field of communications, with ABB in the field of energy in markets such as hospitals and trains, and with EV MOTORS in the field of vehicle charging. In addition, the capital raising will support the acceleration of the company’s activities in the field of future fuel development, green ammonia, as part of its cooperation with the Japanese TDK.