Founded in 2010 and based in Eindhoven, Netherlands, EIT InnoEnergy is a leading innovation engine focused on sustainable energy. The company operates with a mission to support the growth of early-stage companies in sectors such as climate technology, clean technology, mobility, and the Internet of Things. EIT InnoEnergy invests primarily in seed and early-stage businesses, aiming to enhance their potential through value-added services that mitigate risks and accelerate development. With offices across Europe and the United States, the firm is committed to fostering innovation in the energy sector to drive sustainable solutions.
Swedish Algae Factory AB, established in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company focuses on extracting nanoporous silica from silicon algae, a material that enhances the efficiency of solar panels by trapping visible light and blocking UV light. Laboratory tests have shown promising results in improving solar panel performance. Additionally, the nanoporous material has applications beyond energy, including use in skincare products for moisturizing, cleaning, and UV protection, thanks to its ability to absorb and release particles based on environmental conditions.
FineCell
Seed Round in 2023
FineCell is a sustainable cellulose microfibers provider that enables manufacturers to make new products with reduced carbon footprints and differentiated properties. The company's cellulose microfibers possess physical and chemical properties that differ from competing products and provide differentiated benefits for the users. It has been supported by Vinnova (Sweden’s innovation agency) and EIT InnoEnergy. The Linköping, Ostergotlands Lan-based company was established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li.
FineCell
Seed Round in 2021
FineCell is a sustainable cellulose microfibers provider that enables manufacturers to make new products with reduced carbon footprints and differentiated properties. The company's cellulose microfibers possess physical and chemical properties that differ from competing products and provide differentiated benefits for the users. It has been supported by Vinnova (Sweden’s innovation agency) and EIT InnoEnergy. The Linköping, Ostergotlands Lan-based company was established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li.
Graphmatech
Venture Round in 2021
Graphmatech AB, founded in 2017 and based in Västerås, Sweden, specializes in the invention, development, and sale of innovative graphene-based nanocomposite materials. The company offers a range of products, including aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech's materials leverage the exceptional electrical and thermal properties of graphene, providing high conductivity, lightweight characteristics, and enhanced durability. These attributes enable industries to create advanced products, contributing to the green transition by promoting the efficient use of materials. The company’s focus includes applications in the hydrogen economy and improved 3D printing technologies, offering solutions that utilize less material while achieving superior performance compared to traditional alternatives.
Northvolt
Venture Round in 2021
Northvolt AB, founded in 2016 and headquartered in Stockholm, Sweden, specializes in the manufacturing of sustainable lithium-ion batteries primarily for the renewable energy and transportation sectors. The company develops a range of products, including battery cells, custom battery solutions, and complete battery systems, tailored to specific requirements such as chemistry and form factor. Northvolt focuses on creating environmentally friendly batteries with a minimal carbon footprint and incorporates advanced recycling technology to support clean energy initiatives. By supplying high-quality, sustainable battery cells and systems, Northvolt aims to facilitate the transition to electric vehicles and promote decarbonization across various industries, including automotive, grid storage, industrial applications, and micromobility.
Meva Energy
Seed Round in 2021
Meva Energy, founded in 2008 and based in Sweden, specializes in gasification technology aimed at generating renewable energy from small fraction fuels. The company focuses on biomass gasification, which allows for the production of power and heat energy. This technology is utilized in various applications, including heating buildings, melting materials, operating engines, and boiling water. By enabling clients to harness sustainable power and heat, Meva Energy contributes to improved profitability and environmental sustainability in energy production.
Celcibus
Seed Round in 2020
Celcibus AB is a Swedish innovation company specializing in materials for clean energy solutions, specifically through its development of patented catalyst technology. This technology enables the production of fuel cells that are sustainable and high-performing, entirely without noble metals. Celcibus's focus is on facilitating the global adoption of fuel cells by offering metal-free catalyst solutions suitable for various applications, including transportation, household use, and industrial purposes. The company's fossil-free products serve as a sustainable alternative for powering electrical applications, promoting the use of alternative energy in an environmentally friendly manner.
Meva Energy
Seed Round in 2020
Meva Energy, founded in 2008 and based in Sweden, specializes in gasification technology aimed at generating renewable energy from small fraction fuels. The company focuses on biomass gasification, which allows for the production of power and heat energy. This technology is utilized in various applications, including heating buildings, melting materials, operating engines, and boiling water. By enabling clients to harness sustainable power and heat, Meva Energy contributes to improved profitability and environmental sustainability in energy production.
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 specializing in materials for clean energy solutions, specifically through its development of patented catalyst technology. This technology enables the production of fuel cells that are sustainable and high-performing, entirely without noble metals. Celcibus's focus is on facilitating the global adoption of fuel cells by offering metal-free catalyst solutions suitable for various applications, including transportation, household use, and industrial purposes. The company's fossil-free products serve as a sustainable alternative for powering electrical applications, promoting the use of alternative energy in an environmentally friendly manner.
Foreseeti
Series A in 2020
Foreseeti AB is a technology company based in Stockholm, Sweden, specializing in automated threat modeling and attack simulation solutions. Founded in 2014, the company offers several products, including foreseeti, which allows organizations to model threats and simulate attacks on interconnected IT infrastructures, and securiCAD Vanguard, designed for cloud environments using data from AWS. Additionally, securiCAD Professional enables security architects and IT professionals to create virtual models and conduct simulations on existing and planned architectures, while securiCAD Enterprise provides enterprise-level features for collaboration, automated modeling, and reporting. Foreseeti serves various industries, including military, aviation, finance, energy, automotive, and manufacturing, and distributes its solutions through consultancies and resellers. The company's approach is appreciated for its practical applicability, leveraging AI to enhance cybersecurity management and provide valuable insights.
Cascade Drives
Seed Round in 2020
Cascade Drives AB, founded in 2014 and based in Stockholm, Sweden, specializes in manufacturing advanced power density cdGear-based solutions. The company's product lineup includes the CASCADE POWER electromechanical linear actuator, designed for electric forklifts; the CASCADE STEERING drive-by-wire electrical steering system for heavy-duty vehicles; and the CASCADE TORQUE gearbox, which is utilized in wind turbines and in-wheel propulsion systems. Cascade Drives focuses on delivering high-performing, eco-friendly, and cost-efficient solutions for industries such as mining, material handling, commercial transportation, and aircraft ground support. Their innovative technology allows for powerful linear drives that serve as efficient hydraulic replacements in electric vehicles, ultimately enhancing operational efficiency and reducing energy consumption for their customers.
Minesto
Post in 2018
Minesto is a Swedish company focused on marine energy technology, with operations in Sweden, Wales, and Northern Ireland. Founded in 2007 by Magnus Landberg, the company is headquartered in Gothenburg. Minesto develops the Deep Green technology, which harnesses electricity from slow tidal and ocean currents using a turbine. The company aims to produce renewable energy from various ocean sources, including tidal streams, ocean currents, tidal range, waves, ocean thermal energy, and salinity gradients. Through its innovative solutions, Minesto seeks to contribute to the transition towards sustainable energy.
Swedish Algae Factory
Seed Round in 2017
Swedish Algae Factory AB, established in 2014 and located in Gothenburg, Sweden, specializes in algae cultivation and wastewater treatment systems. The company focuses on extracting nanoporous silica from silicon algae, a material that enhances the efficiency of solar panels by trapping visible light and blocking UV light. Laboratory tests have shown promising results in improving solar panel performance. Additionally, the nanoporous material has applications beyond energy, including use in skincare products for moisturizing, cleaning, and UV protection, thanks to its ability to absorb and release particles based on environmental conditions.
Minesto
Post in 2016
Minesto is a Swedish company focused on marine energy technology, with operations in Sweden, Wales, and Northern Ireland. Founded in 2007 by Magnus Landberg, the company is headquartered in Gothenburg. Minesto develops the Deep Green technology, which harnesses electricity from slow tidal and ocean currents using a turbine. The company aims to produce renewable energy from various ocean sources, including tidal streams, ocean currents, tidal range, waves, ocean thermal energy, and salinity gradients. Through its innovative solutions, Minesto seeks to contribute to the transition towards sustainable energy.
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