Manjunath Ramesh (Co-Founder, Managing Director), Fabian Lemke (Co-Founder, Managing Director) and Nikolaus Thomale (Co-Founder, Operative Counsel) Nils Lucas
What inspired you to found your startup?
The idea comes from Manjunath, one of our founders, who became concerned about the environmental impact of SF6 after 10 years working in the power industry. Because the segment is very niche, he knew there are very few specialists able to affect change. So he started developing the technology himself.
How are you different? What is your unique value proposition?
We are the only startup in this conservative industry. We are driven by purpose first. Every team member drives the company forward because of this. That is how we were able to develop the best-performing product in our market segment faster and with fewer resources than anyone dared to imagine.
How do you define success for yourself and your company?
Success for us is if the market adopts our product, which will result in ridding SF6 from the grid.
What do you want to achieve next year?
We want to prove to the world that our technology is scalable, and ready for mass adoption. Within the next 12 months, we will have installed our technology at commercial scale.
Why do people want to work at your company?
We want every employee to make a change at nuventura by shaping it themselves. All colleagues are asked to make important decisions themselves and define what our company stands for: “Never ask for permission, rather ask for forgiveness.”
What has been the most important milestone so far?
We have recently launched a pilot with Westnetz, Germany’s largest electricity distribution system operator (DSO). Together, we showed that our technology is ready for the market.
Looking back at your whole development story — what makes you most proud?
Within 2 years, we managed to develop a viable solution to a big part of the SF6 problem in medium voltage grids even though we were widely smiled at as being completely unreasonable and naïve about our chances for success.
Where do you see your company in 5 years?
We believe we will play in the ranks with the big companies. Due to our product’s innovative nature, we will influence the entire industry and enable multiple manufacturers to produce switchgears that are safe and sustainable.
What is your impression of launching a startup from your based city?
It was important for us to start in an ecosystem of like-minded investors, influencers, and people who accept risks. Berlin turned out to be the best city for us: people are purpose-driven. It is an attractive city for young talents, and an increasingly attractive location.
What is your impression of the german startup scene? Would you change anything?
Generally, it provides good support with its local incentives and funding programmes. What the scene could use is more self-confidence of those who are really inventive. We are lacking big ideas, not because they are not there, but because the founders often don’t dare to think big.
nuventura was featured in “The Hundert Vol. 10 – Startups of Germany“, November 2018.