New strategic investors

Posted by SMINNO GmbH am

May 14, 2019, Kassel
New strategic investors take a stake in SMINNO GmbH

Kassel, May 14, 2019 - SMINNO GmbH today announced the participation of two new strategic investors. Bonn IT and management consultancy axxessio GmbH represented by the managing director Goodarz Mahbobi and Professor Dr. Ulrich Tödtmann, Partner at RITTERSHAUS Rechtsanwälte Partnerschaftsgesellschaft mbB, Mannheim.

The Kassel start-up develops innovative assistance systems for mobile everyday use with smartphones. In 2015, the company launched the world's first hands-free system for bicycles, CESAcruise, followed by CruiseUp, the AI cockpit assistance software for two-wheelers in 2017. The founders are currently working on the voice-controlled personal mobility assistant, which works independently of the vehicle on all smartphones ensures safe, goal-oriented and connected mobility on the market. With the access of the two strategic investors, SMINNO GmbH gains the ideal partner, which it strengthens, dynamically supporting it with the competencies and network.

“We are pleased to have a strong partner on board in axxessio GmbH in the IT industry, who specializes in the design and implementation of large IT systems and digital transformation processes. Furthermore, we are pleased to welcome Prof. Dr. Having won Ulrich Tödtmann as the second new shareholder. His more than 25 years of experience and specialization in advising and supporting medium-sized companies operating worldwide are decisive for our growth plan," says Khesrau Noorzaie, CEO of SMINNO.

"Voice control will become increasingly important in the lives of end users in the future - SMINNO has recognized this! With its innovative cockpit system for mounting on the bike, the company has created a hardware solution for cyclists that is unique to date. With the further development of its hardware and the new app, it is consistently continuing on the path towards voice control. The idea and concept convinced me. I trust in the creative potential of SMINNO and look forward to accompanying the company on its successful course," says Goodarz Mahbobi, Managing Director of axxessio GmbH.

“I am looking forward to actively supporting SMINNO GmbH as a successful start-up company in its further strategic development, above all in commercial and legal issues as a shareholder. The company got off to a successful start with its innovative products and is now about to take the next important step in growth,” says Prof. Dr. Ulrich Tödtmann, RITTERSHAUS Lawyers.

About axxessio GmbH:
axxessio GmbH is an international IT and management consultancy specializing in the design and implementation of large IT systems and digital transformation processes. Its customers include leading companies in the fields of telecommunications, logistics, financial services and industry. Together with them, axxessio GmbH carries out strategic and innovative IT projects.

About Prof. Dr. Ulrich Tödtmann and RITTERSHAUS Lawyers:
Professor Tödtmann's legal advice focuses on the areas of labor law, corporate law, energy law and compliance advice. He has more than 25 years of experience in advising and supporting medium-sized clients from various industrial sectors with a focus on the energy, automotive, electrical and metal as well as transport sectors. Against the background of his diverse experience both as a lawyer and as a long-standing head of a group legal department and member of the board of directors of various stock corporations, he advises companies on individual and collective labor law, corporate law, in particular on company acquisitions and on general commercial law issues of day-to-day business. Professor Tödtmann has been an honorary professor at the University of Mannheim since 2004, where he teaches in the areas of contract drafting, labor law and corporate law. With more than 60 lawyers at the Frankfurt/Main, Mannheim and Munich offices, RITTERSHAUS Rechtsanwälte has specialized in advising medium-sized companies operating worldwide.

About SMINNO GmbH:
SMINNO stands for Smart Innovation and speaks for the goal of meeting today's requirements for stylish, modern and at the same time innovative, sustainable products. In 2016, the Kassel-based company was awarded the Hessen Champion title in the innovation category. The CESAcruise is considered a pioneer on the world market because it is the first hands-free device for a bicycle. With its products, SMINNO offers a solution that combines the advantages and functions of several devices and bundles them in a single product.

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