Lumvin increases its capital and expands its board of directors
Lumvin AG, which specialises in sustainable lighting technology, has completed a capital increase of CHF 400,000. The funds are to be used, among other things, to set up its own testing laboratory. The board of directors was expanded.
Lumvin AG has carried out a capital increase of CHF 400,000, according to a media release. According to the lighting technology specialist based in Baden, the fresh capital will be used to finance the expansion of team resources, to strengthen its position as a market leader in the upcycling of lighting by recycling parts, and to set up its own testing laboratory. At the same time, Lumvin has expanded its board of directors.
“We are extremely grateful for the trust and support of our investors and look forward to working with our new board members,” Kristjan Jozipovic, CEO of Lumvin, is quoted as saying.
Martin Laubacher, Orlando Sidler and Përparim Avdili are new members of the Lumvin AG Board of Directors. Laubacher brings years of industry experience as an entrepreneur and co-owner of DIY wholesaler Puag AG from Bremgarten AG, according to the company’s statement. He is to support the development of the sustainable company. Sidler studied Banking & Finance at the University of St.Gallen (HSG) and has more than 20 years of financial expertise. He will advise Lumvin AG on financial matters. Avdili is entrepreneurial and politically committed. As a municipal councillor of the city of Zurich, he is committed to sustainable business development.
“With their great expertise and industry experience, we are confident that we can realise Lumvin’s full potential and successfully implement our vision of a sustainable and ecologically sound product,” CEO Jozipovic is quoted as saying about the expansion of the board of directors.
Lumvin describes itself on its website as a cleantech company for LED lighting. The company’s goal is to produce LED luminaires sustainably in Switzerland and to use them efficiently.