EIT InnoEnergy

EIT InnoEnergy, established in 2010 and based in Eindhoven, Netherlands, serves as an innovation engine for sustainable energy across Europe. The organization focuses on enhancing the success of start-ups and facilitating the growth of small and medium-sized enterprises (SMEs) while assisting corporations in mitigating risks associated with open innovation. By leveraging a global network of partners, EIT InnoEnergy connects entrepreneurs, investors, and industry stakeholders to foster collaboration and drive the development of market-ready solutions. The firm invests in seed-stage and early-stage companies across various sectors, including energy, climate technology, clean technology, and mobility. With the support of the European Institute of Innovation and Technology, EIT InnoEnergy aims to create an environment conducive to innovation and entrepreneurship, maximizing impact in the sustainable energy landscape.

Jacob Ruiter

CEO Benelux

Karine Vernier

Co-CEO, France and Executive Board Member

Past deals in Sweden

Altris

Series A in 2022
Altris specializes in the production of innovative cathode materials for sodium-ion batteries, utilizing abundant and environmentally friendly resources. The company's offerings include highly sustainable, high energy density cathode materials and iron and sodium-based electrodes that are free from nickel, cobalt, and lithium. These materials are designed for rechargeable sodium batteries, which are particularly suitable for stationary energy storage applications. By focusing on the development of safer and more affordable battery solutions, Altris aims to promote the use of environmentally responsible technologies in energy generation and storage.

NitroCapt

Venture Round in 2022
NitroCapt is a climate-tech company focused on producing green nitrogen fertilizers through an innovative chemical process known as SUNIFIX. This technology allows for the extraction of nitrogen from the air, creating climate-neutral fertilizers that are both cost-effective and sustainable. By offering a fossil-free alternative to traditional nitrogen fertilizers, NitroCapt aims to enhance agricultural productivity while promoting sustainability. The company's business model is designed to make its customers more profitable compared to the use of fossil-based fertilizers, facilitating a transition to a decarbonized nitrogen fertilizer industry. Through its efforts, NitroCapt supports farmers in adopting sustainable agricultural practices.

FineCell

Seed Round in 2021
FineCell is a manufacturer of sustainable cellulose microfibers, established in 2015 in Linköping, Sweden, by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li. The company specializes in producing renewable and high-performance nanomaterials derived from forest resources. FineCell's cellulose microfibers exhibit unique physical and chemical properties that differentiate them from competing products, offering distinct benefits for various applications. These materials can be used as reinforcement, barriers, or fillers in industries such as packaging, automotive, personal care, food, pharmaceuticals, membranes, and paints. By enabling manufacturers to utilize cost-effective and simpler raw materials, FineCell contributes to reduced carbon footprints and supports sustainable product development. The company has received backing from Vinnova, Sweden’s innovation agency, and EIT InnoEnergy.

Graphmatech

Venture Round in 2021
Graphmatech AB is a Swedish materials technology company founded in 2017 and based in Västerås, Sweden. The company specializes in inventing, developing, and selling innovative graphene-based nanocomposite materials and services. Its product range includes aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech's materials leverage the unique electrical and thermal properties of graphene, offering advantages such as high conductivity, self-lubrication, lightweight design, and enhanced wear resistance. These characteristics enable various industries to create advanced products utilizing graphene hybrid materials.

Northvolt

Venture Round in 2021
Northvolt AB, founded in 2016 and based in Stockholm, Sweden, specializes in the manufacture of sustainable lithium-ion batteries tailored for various sectors, including automotive, grid, industrial, portable, and micromobility markets. The company focuses on developing eco-friendly battery solutions that feature a minimal carbon footprint and incorporate advanced recycling technologies. Northvolt provides a range of products, including battery cells, custom cells, and complete battery systems, all designed to support clean energy initiatives and facilitate the electrification of transport. By emphasizing research and development, as well as industrialization, Northvolt aims to establish a reliable supply of sustainable battery cells and systems, enabling industries to transition from fossil fuels to electric alternatives efficiently.

Ngenic

Post in 2021
Ngenic is an independent energy technology company that offers a smart thermostat system designed to promote energy efficiency. The system can be controlled via mobile devices, computers, or tablets, enabling users to manage their energy consumption effectively. By utilizing Ngenic's technology, customers can potentially reduce their energy usage by up to 15%. The company serves a diverse clientele, including energy companies, property owners, tenant-owner associations, and individual homeowners, focusing on the digitization and optimization of energy systems to enhance sustainability.

Stegra

Series A in 2021
Stegra operates a steel production facility focused on decarbonizing the European steel industry through fossil-free manufacturing processes. Located in Boden, Sweden, the plant aims to leverage unique conditions for cost-competitive production of green steel. The facility integrates a giga-scale green hydrogen plant, enabling the replacement of traditional coal-based methods with green hydrogen, water, and heat as primary emissions. This innovative approach combines raw materials, renewable energy, local expertise, and artificial intelligence to create a fully integrated and automated steel production process. With production set to commence in 2024, Stegra projects an annual capacity of five million tons of high-quality steel by 2030, positioning itself as a leader in providing fossil-free steel to large European OEMs at competitive costs.

SunRoof

Seed Round in 2021
SunRoof International Holding AB, founded in 2013 and headquartered in Stockholm, Sweden, specializes in the manufacture and sale of 2-in-1 solar roofs and innovative façades that generate electricity without the need for traditional photovoltaic modules. With additional locations in Munich, Germany, and Lodz and Gdansk, Poland, the company targets both residential and commercial sectors. SunRoof's products serve as a sustainable alternative to conventional roofing, offering high efficiency and a low carbon footprint while enhancing the aesthetic appeal of buildings. The company's mission focuses on accelerating the global transition to renewable energy by providing roofs that can meet the entire energy demands of a building through electricity generation.
Stockholm Water Technology specializes in creating innovative and sustainable water purification solutions, focusing on capacitive deionization technology. The company combines advanced nanotechnology materials with smart engineering to develop a patented, membrane-free approach to water desalination. This technology is designed to achieve high water recovery rates while minimizing energy consumption and costs, making it a viable option for clients seeking efficient water cleansing and desalination methods. By integrating both hardware and software, Stockholm Water Technology enhances the overall functionality of its systems, promoting environmentally friendly practices in water management.

CorPower Ocean

Venture Round in 2021
CorPower Ocean AB, founded in 2009 and headquartered in Hägersten, Sweden, specializes in the development of high-efficiency wave energy converters (WECs). These innovative devices, designed to harness energy from ocean waves, utilize a heaving buoy that captures energy from both surge and heave motions. The buoy is connected to the seabed with a taut mooring line, featuring a pneumatic pre-tension module that enhances stability and efficiency. CorPower's WECs are noted for delivering five times higher annual energy output per ton compared to earlier wave power technologies, making them competitive with offshore wind in terms of cost-effectiveness. The company is currently testing its products in collaboration with Iberdrola and boasts a team with substantial expertise in energy generation, design, and system engineering. CorPower Ocean aims to contribute to the transition towards zero-carbon energy by providing a reliable and economical source of electricity derived from ocean waves.

Altris

Series A in 2021
Altris specializes in the production of innovative cathode materials for sodium-ion batteries, utilizing abundant and environmentally friendly resources. The company's offerings include highly sustainable, high energy density cathode materials and iron and sodium-based electrodes that are free from nickel, cobalt, and lithium. These materials are designed for rechargeable sodium batteries, which are particularly suitable for stationary energy storage applications. By focusing on the development of safer and more affordable battery solutions, Altris aims to promote the use of environmentally responsible technologies in energy generation and storage.

MAQ

Seed Round in 2021
When Dr. Qilin Fu was a doctoral student at KTH Royal Institute of Technology in Stockholm and studied the effects of vibration on machining, he saw that the technology had a lot of room for improvement. Qilin proceeded to study different systems and materials that could be applied to the problem. In 2015, a breakthrough occurred with the use of polymers. The following year, Qilin and his partners applied for a patent and started MAQ. The name of the Stockholm-based company comes from the first names of the co-founders: Mihai Nicolescu, Amir Rashid and Qilin Fu. In 2017, MAQ was formed and early investors were secured to fund their growth path. One of them was InnoEnergy.

Meva Energy

Seed Round in 2021
Meva Energy specializes in developing technology for converting solid biomass into renewable biogas. This biogas can be utilized in various applications, including industrial processes and combined heat and power (CHP) systems, serving as a sustainable alternative to fossil fuels. The company focuses on gasification technology that enables the production of renewable energy from small fraction fuels, allowing clients to generate power and heat efficiently. Meva Energy aims to support sustainable energy solutions, contributing to profitability while promoting environmentally friendly practices.

Celcibus

Seed Round in 2020
Celcibus AB is a Swedish innovation company with strong expertise in materials for clean energy solutions. Its patented catalyst was developed to provide fuel cells with sustainable, high-performance, noble-metal free power solutions for transport, household, and industrial applications.

SunRoof

Seed Round in 2020
SunRoof International Holding AB, founded in 2013 and headquartered in Stockholm, Sweden, specializes in the manufacture and sale of 2-in-1 solar roofs and innovative façades that generate electricity without the need for traditional photovoltaic modules. With additional locations in Munich, Germany, and Lodz and Gdansk, Poland, the company targets both residential and commercial sectors. SunRoof's products serve as a sustainable alternative to conventional roofing, offering high efficiency and a low carbon footprint while enhancing the aesthetic appeal of buildings. The company's mission focuses on accelerating the global transition to renewable energy by providing roofs that can meet the entire energy demands of a building through electricity generation.

MAQ

Seed Round in 2020
When Dr. Qilin Fu was a doctoral student at KTH Royal Institute of Technology in Stockholm and studied the effects of vibration on machining, he saw that the technology had a lot of room for improvement. Qilin proceeded to study different systems and materials that could be applied to the problem. In 2015, a breakthrough occurred with the use of polymers. The following year, Qilin and his partners applied for a patent and started MAQ. The name of the Stockholm-based company comes from the first names of the co-founders: Mihai Nicolescu, Amir Rashid and Qilin Fu. In 2017, MAQ was formed and early investors were secured to fund their growth path. One of them was InnoEnergy.

Meva Energy

Seed Round in 2020
Meva Energy specializes in developing technology for converting solid biomass into renewable biogas. This biogas can be utilized in various applications, including industrial processes and combined heat and power (CHP) systems, serving as a sustainable alternative to fossil fuels. The company focuses on gasification technology that enables the production of renewable energy from small fraction fuels, allowing clients to generate power and heat efficiently. Meva Energy aims to support sustainable energy solutions, contributing to profitability while promoting environmentally friendly practices.

CorPower Ocean

Venture Round in 2020
CorPower Ocean AB, founded in 2009 and headquartered in Hägersten, Sweden, specializes in the development of high-efficiency wave energy converters (WECs). These innovative devices, designed to harness energy from ocean waves, utilize a heaving buoy that captures energy from both surge and heave motions. The buoy is connected to the seabed with a taut mooring line, featuring a pneumatic pre-tension module that enhances stability and efficiency. CorPower's WECs are noted for delivering five times higher annual energy output per ton compared to earlier wave power technologies, making them competitive with offshore wind in terms of cost-effectiveness. The company is currently testing its products in collaboration with Iberdrola and boasts a team with substantial expertise in energy generation, design, and system engineering. CorPower Ocean aims to contribute to the transition towards zero-carbon energy by providing a reliable and economical source of electricity derived from ocean waves.

LeadCold

Series A in 2020
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources

Altris

Seed Round in 2020
Altris specializes in the production of innovative cathode materials for sodium-ion batteries, utilizing abundant and environmentally friendly resources. The company's offerings include highly sustainable, high energy density cathode materials and iron and sodium-based electrodes that are free from nickel, cobalt, and lithium. These materials are designed for rechargeable sodium batteries, which are particularly suitable for stationary energy storage applications. By focusing on the development of safer and more affordable battery solutions, Altris aims to promote the use of environmentally responsible technologies in energy generation and storage.

Nordluft Automation

Seed Round in 2020
Nordluft Automation is a Swedish startup working to automate a range of forestry and agricultural businesses via unmanned aerial vehicles or UAVs/drones. With our technology a business's cost of production is reduced, the efficiency of the green industrial processes increases, and the environment is protected. Key aspects of the technology we develop are swarm control, heavy payload drones (30kg) and efficient total logistics.

Celcibus

Seed Round in 2020
Celcibus AB is a Swedish innovation company with strong expertise in materials for clean energy solutions. Its patented catalyst was developed to provide fuel cells with sustainable, high-performance, noble-metal free power solutions for transport, household, and industrial applications.

Foreseeti

Series A in 2020
foreseeti was founded in 2014 and consists of a dynamic, dedicated team of highly qualified academics, seasoned security experts, experienced business professionals and skilled developers. Their solutions are used by multinational companies in the banking and energy sectors, and their clients value our practical, hands-on approach.

Cascade Drives

Seed Round in 2020
Cascade Drives AB manufactures power density cdGear-based solutions. Its products include CASCADE POWER, a electromechanical linear actuator for electric forklifts; CASCADE STEERING, a drive-by-wire electrical steering system for heavy-duty vehicles; and CASCADE TORQUE, a gearbox used in wind turbines and in-wheel propulsion systems. Its products are used in mining vehicles, material handling, commercial trucks and buses, and tow tractors and airplane tugs. The company was founded in 2014 and is based in Stockholm, Sweden.

Minesto

Post in 2018
Minesto AB is a marine energy technology developer based in Gothenburg, Sweden, with operations in Wales, Northern Ireland, and Taiwan. Founded in 2007 by Magnus Landberg, the company specializes in Deep Green technology, designed to generate electricity from slow tidal and ocean currents using a turbine. Minesto's innovative approach aims to harness renewable energy from marine sources, contributing to the transition towards sustainable energy solutions.

Minesto

Post in 2018
Minesto AB is a marine energy technology developer based in Gothenburg, Sweden, with operations in Wales, Northern Ireland, and Taiwan. Founded in 2007 by Magnus Landberg, the company specializes in Deep Green technology, designed to generate electricity from slow tidal and ocean currents using a turbine. Minesto's innovative approach aims to harness renewable energy from marine sources, contributing to the transition towards sustainable energy solutions.

Swedish Algae Factory

Seed Round in 2017
Swedish Algae Factory AB, founded in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company extracts nanoporous silica from silicon algae, which enhances solar panel efficiency by trapping visible light and blocking UV light. Laboratory tests have shown promising results, indicating significant improvements in solar energy capture. Additionally, the nanoporous material developed by Swedish Algae Factory has versatile applications beyond solar technology; it can absorb and release particles, making it useful in skincare products for moisturizing, cleaning, and UV protection.

Minesto

Post in 2016
Minesto AB is a marine energy technology developer based in Gothenburg, Sweden, with operations in Wales, Northern Ireland, and Taiwan. Founded in 2007 by Magnus Landberg, the company specializes in Deep Green technology, designed to generate electricity from slow tidal and ocean currents using a turbine. Minesto's innovative approach aims to harness renewable energy from marine sources, contributing to the transition towards sustainable energy solutions.

Ferroamp

Seed Round in 2016
Ferroamp Elektronik AB develops, manufactures, and markets innovative power electronics for a more efficient use of electrical energy. Its first product is ACE. Based on our 4-quadrant inverter technology ACE enables faster EV charging and reduced grid fees. ACE is part of the modular EnergyHub system that can be expanded with solar cells and energy storage as the need arises. This smart grid concept improves the versatility and profitability of solar cell installations and it brings benefits to homeowners as well as grid companies.

LeadCold

Grant in 2015
LeadCold follows the path of least resistance for nuclear power to disrupt traditional and renewable power sources
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