MOTEG GmbH entered into a close cooperation with the strategic investment firm of the Hirschvogel Automotive Group, Ceravis Incubation GmbH, on August 8, 2019. To this end, Ceravis took a stake in MOTEG GmbH.

Dr. Siegfried Götz, founder and majority shareholder of MOTEG GmbH, and Ceravis Incubation GmbH, as the second largest shareholder of MOTEG GmbH, will in future work in close coordination to shape the future of MOTEG GmbH, towards becoming a globally recognized company in the context of the electrification of mobility.

The background to this partnership is, among other things, that MOTEG has already made a name for itself as a young, innovative company in the field of electromobility and will support the Hirschvogel Group in the future with its excellent know-how in the area of electric motor development and production in various product developments. Furthermore, MOTEG has developed a technologically leading product with its auxiliary units (power steering pump, air compressor) for electric commercial vehicles, which is now in demand worldwide. Market studies show that the global annual market potential for these products will grow into a billion euro market in the future. As a globally established supplier to the automotive industry, the Hirschvogel Group will support the global scaling of MOTEG products and their production.