Alba Advisory supports the founding shareholders of Qinomic, a young French company dedicated to industrial retrofitting for the decarbonization of the vehicle fleet in France and Europe, in a €6M fundraising

QINOMIC was founded in 2021 to design, industrialize and market electric retrofit solutions for sustainable mobility. Now recognized as an expert in automotive upcycling, QINOMIC aims to give combustion-engine vehicles a second life by converting them to 100% electric and adding equipment. The vehicles then gain a value higher than the original.

In a rapidly changing automotive market and in response to regulatory developments, QINOMIC will help accelerate the decarbonization of combustion-engine vehicle fleets in France and Europe, supporting a sustainable economic momentum.

For the past year, ALBA ADVISORY has supported the company’s executives in their search for financing. At the end of a two-stage process, QINOMIC has just completed its first fundraising of €6M and welcomed the DE WILLERMIN group as a reference minority shareholder.

Discussions with financial investors for a second fundraising are already underway to enable QINOMIC to accelerate the industrialization and commercialization of its retrofit solutions.