EIT InnoEnergy

Founded in 2010, EIT InnoEnergy is a leading European innovation engine focused on Sustainable Energy. It invests in early-stage climate tech and energy companies across Europe and the US, providing equity minority investments and added value services to de-risk projects.

Mikel Lasa

Managing Director

Lowina Lundström

CEO

Christian Müller

CEO of KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Johanne Ulrich

Investment Director, France

Karine Vernier

Co-CEO, France and Executive Board Member

Past deals in Electric Vehicle

Swobbee

Venture Round in 2024
Swobbee is a Berlin-based startup focused on commercializing battery swapping solutions for micro-mobility vehicles. The company has developed an innovative platform that facilitates the exchange of empty batteries for fully charged ones through user-friendly applications. By providing an intermodal energy network with battery swapping stations, Swobbee addresses the critical challenge of ensuring the availability of charged batteries for shared and light electric vehicle fleets. This approach not only improves the accessibility of energy for e-micromobility users but also offers a cost-effective solution for maintaining operational efficiency in urban transport systems.

Cascade Drives

Venture Round in 2024
Founded in 2014, Cascade Drives specializes in manufacturing high-performing, eco-friendly power density solutions. Its core products include CASCADE POWER (electromechanical linear actuator for electric forklifts), CASCADE STEERING (drive-by-wire electrical steering system for heavy-duty vehicles), and CASCADE TORQUE (gearbox used in wind turbines and in-wheel propulsion systems). These solutions serve industries such as mining, material handling, commercial trucks, buses, tow tractors, and airplane tugs.

Wattalps

Series A in 2024
Wattalps is a technology company specializing in the development of lithium power systems tailored for small and medium-scale applications. Their product portfolio focuses on affordability, passive safety measures, efficient cooling mechanisms, extended lifespan, and robust cell protection features. Wattalps aims to simplify integration into vehicles or charging stations by offering standard and modular products, thereby facilitating swift, efficient, and cost-effective adoption of electric vehicle technologies and sustainable transportation solutions.

TaiSan

Pre Seed Round in 2024
TaiSan specializes in advanced battery technology for electric vehicles. It has developed proprietary quasi-solid gel polymer electrolyte and sodium-potassium metal anode, enhancing energy density and safety while enabling fast charging.

ElevenEs

Venture Round in 2024
ElevenEs is a renewable energy technology company that designs and manufactures lithium-based energy storage solutions. It develops lithium iron phosphate cathode systems and other battery components for electric cars, buses, trucks, and home storage systems. The company focuses on cell-to-pack technology to increase energy density and reduce cost per cycle, delivering affordable and safe batteries with longer cycle life than some ternary chemistries.

GDI

Venture Round in 2024
GDI, founded in 2009 and based in Rochester, New York, specializes in the development and manufacture of silicon anodes for lithium-ion batteries. The company focuses on creating patented silicon battery materials that provide superior performance compared to traditional lithium-ion and emerging solid-state batteries. These materials are designed for compatibility with various lithium battery architectures and are engineered for mass production, allowing industries to enhance their product development capabilities. GDI's innovations aim to improve battery performance, particularly in terms of charging times, thereby contributing to a more sustainable and efficient energy future.

Verkor

Series C in 2023
Verkor is a manufacturer of battery cells dedicated to increasing the production of low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly reduced carbon footprint compared to traditional options, which minimizes emissions associated with logistics. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with cost-effective battery solutions that align with sustainability goals.

Mob-Energy

Series A in 2023
Mob-Energy is a privately held company founded in 2018 and headquartered in Villeurbanne, Auvergne-Rhône-Alpes. It specializes in the development of innovative charging solutions for electric vehicles. The company designs autonomous charging robots that utilize second-life batteries installed at car parks. These robots can store energy and autonomously move to vehicles that require charging, allowing for a convenient and efficient refueling process. By optimizing existing infrastructure, Mob-Energy aims to enhance the charging experience for electric vehicle owners.

ZPARQ

Seed Round in 2023
ZPARQ is a manufacturer specializing in marine electric propulsion products. The company focuses on developing advanced motor technology that offers a compact and scalable direct-drive system for propeller-driven watercraft. ZPARQ's innovative approach aims to enhance marine electric propulsion by minimizing underwater drag and reducing production costs through a design that features fewer failure points. This enables clients to access efficient electric motors suitable for both leisure boats and commercial vessels, contributing to the growing demand for sustainable marine solutions.

GDI

Series A in 2022
GDI, founded in 2009 and based in Rochester, New York, specializes in the development and manufacture of silicon anodes for lithium-ion batteries. The company focuses on creating patented silicon battery materials that provide superior performance compared to traditional lithium-ion and emerging solid-state batteries. These materials are designed for compatibility with various lithium battery architectures and are engineered for mass production, allowing industries to enhance their product development capabilities. GDI's innovations aim to improve battery performance, particularly in terms of charging times, thereby contributing to a more sustainable and efficient energy future.

Basquevolt

Seed Round in 2022
Basquevolt develops solid-state lithium battery technology for various applications including electric vehicles, aviation, stationary storage, and electronic devices. Its innovative technology aims to enable widespread adoption of electric transportation and energy storage solutions by offering high energy density (500 Wh/kg) at competitive costs.

The Batteries

Series A in 2022
The Batteries, established in 2015 by a team of engineers and managers with extensive experience in thin-film production equipment, specializes in the design and manufacturing of advanced battery technologies. The company focuses on creating rechargeable batteries that offer a cost-effective alternative to traditional energy sources. Its products boast more than double the energy density of conventional lithium-ion batteries, while also being durable in challenging environments and safe, with no risk of fire or explosion. The Batteries aims to deliver reliable and economical energy solutions to various industries, leveraging its expertise in vacuum-based equipment and in-line manufacturing processes to ensure high quality and productivity in battery production.

Swobbee

Series A in 2022
Swobbee is a Berlin-based startup focused on commercializing battery swapping solutions for micro-mobility vehicles. The company has developed an innovative platform that facilitates the exchange of empty batteries for fully charged ones through user-friendly applications. By providing an intermodal energy network with battery swapping stations, Swobbee addresses the critical challenge of ensuring the availability of charged batteries for shared and light electric vehicle fleets. This approach not only improves the accessibility of energy for e-micromobility users but also offers a cost-effective solution for maintaining operational efficiency in urban transport systems.

Gleam

Seed Round in 2022
GLEAM, founded by Mario Eibl in 2013, is a technology company specializing in the development of modular light electric vehicles, specifically cargo e-bikes. The company's journey began in 2010 when a messenger in Vienna sought an efficient vehicle for urban deliveries. GLEAM's flagship product, categorized as a "Pedelec," is designed to facilitate car-independent and emission-free urban movement. This e-bike features ample cargo space, an electric engine, and front and rear suspension, allowing users to navigate urban traffic effectively while accommodating their cargo needs. GLEAM plans to expand its portfolio with higher-speed vehicles in 2024, further enhancing its commitment to sustainable urban mobility.

Skeleton Technologies

Series D in 2022
Skeleton Technologies is a manufacturer and developer of ultracapacitors that utilize a patented curved graphene material to provide high-energy and high-power-density energy storage solutions. The company specializes in delivering advanced energy storage systems that offer significantly enhanced performance, achieving twice the energy density and four times the power density compared to traditional products. Its ultracapacitors are designed for various applications in automotive, transportation, industrial, and renewable energy sectors, enabling these industries to improve efficiency, reduce fuel consumption, and lower carbon emissions. Skeleton Technologies serves a diverse clientele that includes engineering firms, the European Space Agency, and several Tier 1 automotive manufacturers.

Ducktrain

Seed Round in 2021
Ducktrain is a developer of electric semi-autonomous delivery technology aimed at enhancing logistics transportation over longer distances in urban and industrial settings. The company offers innovative vehicle platforms and automation solutions that facilitate efficient and environmentally friendly logistics operations, promoting zero emissions. Ducktrain's technology not only modernizes urban logistics but also provides the capability to upgrade hardware and software, ensuring continuous efficiency and functionality for transporters. By utilizing a unique system where multiple vehicle platforms, referred to as "ducks," can form a train, Ducktrain optimizes the transportation process, ultimately transforming the landscape of urban and industrial logistics.

Avocargo

Seed Round in 2021
Avocargo is a company that specializes in providing shared electric cargo bike services tailored for urban users. Through its online platform, Avocargo enables users to rent cargo bikes conveniently from various locations within designated business areas, allowing for flexible access at any time. The service is designed to facilitate hassle-free transportation of goods, making it an efficient and eco-friendly alternative for urban logistics. By leveraging electric cargo bikes, Avocargo aims to enhance mobility and reduce the environmental impact associated with traditional delivery methods.

ElevenEs

Seed Round in 2021
ElevenEs is a renewable energy technology company that designs and manufactures lithium-based energy storage solutions. It develops lithium iron phosphate cathode systems and other battery components for electric cars, buses, trucks, and home storage systems. The company focuses on cell-to-pack technology to increase energy density and reduce cost per cycle, delivering affordable and safe batteries with longer cycle life than some ternary chemistries.

Verkor

Venture Round in 2021
Verkor is a manufacturer of battery cells dedicated to increasing the production of low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly reduced carbon footprint compared to traditional options, which minimizes emissions associated with logistics. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with cost-effective battery solutions that align with sustainability goals.

Northvolt AB

Venture Round in 2021
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

DUCKT

Seed Round in 2021
DUCKT is a developer of innovative infrastructure solutions for the micromobility sector, focusing on enhancing urban transportation systems. The company specializes in creating a network of electric-charging storage and service stations for electric bikes and scooters. Its offerings include a patented plug-and-play docking device and a universal connecting adapter, designed to help cities and businesses efficiently organize public spaces, reduce operational costs, and improve connectivity within the on-demand micromobility economy. By advancing infrastructure tailored to micromobility and smart city solutions, DUCKT aims to foster a more streamlined and user-friendly urban mobility experience.

Gleam

Seed Round in 2021
GLEAM, founded by Mario Eibl in 2013, is a technology company specializing in the development of modular light electric vehicles, specifically cargo e-bikes. The company's journey began in 2010 when a messenger in Vienna sought an efficient vehicle for urban deliveries. GLEAM's flagship product, categorized as a "Pedelec," is designed to facilitate car-independent and emission-free urban movement. This e-bike features ample cargo space, an electric engine, and front and rear suspension, allowing users to navigate urban traffic effectively while accommodating their cargo needs. GLEAM plans to expand its portfolio with higher-speed vehicles in 2024, further enhancing its commitment to sustainable urban mobility.

Ducktrain

Seed Round in 2021
Ducktrain is a developer of electric semi-autonomous delivery technology aimed at enhancing logistics transportation over longer distances in urban and industrial settings. The company offers innovative vehicle platforms and automation solutions that facilitate efficient and environmentally friendly logistics operations, promoting zero emissions. Ducktrain's technology not only modernizes urban logistics but also provides the capability to upgrade hardware and software, ensuring continuous efficiency and functionality for transporters. By utilizing a unique system where multiple vehicle platforms, referred to as "ducks," can form a train, Ducktrain optimizes the transportation process, ultimately transforming the landscape of urban and industrial logistics.

Scoobic

Seed Round in 2020
Scoobic Group is a manufacturer of multi-purpose electric vehicles designed specifically for last-mile delivery in urban environments. The company focuses on creating customized sustainable mobility solutions that facilitate the transportation of commercial goods while minimizing environmental impact. Its vehicles are engineered to provide easy parking, substantial load capacity, and autonomy, ensuring balanced loads that enhance efficiency. By offering these innovative electric vehicles, Scoobic enables businesses to access effective transportation options without increasing their carbon footprint, promoting sustainable practices in urban logistics.

Skeleton Technologies

Series D in 2020
Skeleton Technologies is a manufacturer and developer of ultracapacitors that utilize a patented curved graphene material to provide high-energy and high-power-density energy storage solutions. The company specializes in delivering advanced energy storage systems that offer significantly enhanced performance, achieving twice the energy density and four times the power density compared to traditional products. Its ultracapacitors are designed for various applications in automotive, transportation, industrial, and renewable energy sectors, enabling these industries to improve efficiency, reduce fuel consumption, and lower carbon emissions. Skeleton Technologies serves a diverse clientele that includes engineering firms, the European Space Agency, and several Tier 1 automotive manufacturers.

ONO

Series A in 2020
Creating transformative change in urban mobility, making our cities cleaner and more enjoyable. We first focus on urban logistics, moving goods around the city in ways that are sustainable, efficient and cost-effective. Our vehicle and its modular platform system, with easily swappable modular units, meets the needs of city logistics. From moving food to flowers to furniture, the possibilities are endless. ONO’s founders, pioneer in e-mobility solutions, Beres Seelbach, former head of design at Mercedes and Volkswagen, Murat Günak, and light electric vehicle expert and engineer, Philipp Kahle, sought to rethink and reshape modern urban transportation. They put together a forward-thinking group of designers, engineers and creative thinkers who shared their vision of transforming urban mobility. ONO is a Berlin-based e-mobility company introducing a whole new category of emissions-free vehicle: the Pedal Assisted Transporter (PAT), combining the flexibility of a bicycle with the capacity and durability of a van. We offer environmentally friendly urban logistics solutions designed and optimised for cities of today.

Elaphe

Series A in 2020
Elaphe is a developer and manufacturer specializing in innovative electric wheel propulsion systems for electric and hybrid vehicles. The company is a pioneer in in-wheel motor technology, enabling a distributed direct drive architecture that allows vehicle manufacturers to design unique products tailored to evolving mobility needs. Elaphe has produced several generations of in-wheel motor prototypes, which are currently being tested on various vehicles to demonstrate their capabilities and to comply with automotive industry standards and regulations. The technology not only enhances vehicle design but also contributes significantly to sustainability by reducing the consumption of raw materials and lowering energy usage and carbon emissions. Additionally, Elaphe leverages its expertise in renewable energy and electric mobility to engage in strategic research initiatives, fostering valuable connections within the industry and supporting its growth towards meeting the demands of Tier 1 suppliers and original equipment manufacturers.

Enervalis

Series A in 2020
Enervalis develops software that optimizes sustainable energy use. Its platform monitors energy sources and demand, predicts future needs using AI and big data, and distributes energy efficiently among users.

DUCKT

Seed Round in 2020
DUCKT is a developer of innovative infrastructure solutions for the micromobility sector, focusing on enhancing urban transportation systems. The company specializes in creating a network of electric-charging storage and service stations for electric bikes and scooters. Its offerings include a patented plug-and-play docking device and a universal connecting adapter, designed to help cities and businesses efficiently organize public spaces, reduce operational costs, and improve connectivity within the on-demand micromobility economy. By advancing infrastructure tailored to micromobility and smart city solutions, DUCKT aims to foster a more streamlined and user-friendly urban mobility experience.

Gleam

Seed Round in 2020
GLEAM, founded by Mario Eibl in 2013, is a technology company specializing in the development of modular light electric vehicles, specifically cargo e-bikes. The company's journey began in 2010 when a messenger in Vienna sought an efficient vehicle for urban deliveries. GLEAM's flagship product, categorized as a "Pedelec," is designed to facilitate car-independent and emission-free urban movement. This e-bike features ample cargo space, an electric engine, and front and rear suspension, allowing users to navigate urban traffic effectively while accommodating their cargo needs. GLEAM plans to expand its portfolio with higher-speed vehicles in 2024, further enhancing its commitment to sustainable urban mobility.

Mob-Energy

Seed Round in 2020
Mob-Energy is a privately held company founded in 2018 and headquartered in Villeurbanne, Auvergne-Rhône-Alpes. It specializes in the development of innovative charging solutions for electric vehicles. The company designs autonomous charging robots that utilize second-life batteries installed at car parks. These robots can store energy and autonomously move to vehicles that require charging, allowing for a convenient and efficient refueling process. By optimizing existing infrastructure, Mob-Energy aims to enhance the charging experience for electric vehicle owners.

Kumpan Electric

Venture Round in 2020
Kumpan Electric, also known as e-bility GmbH, is a European manufacturer specializing in electric scooters and e-mobility solutions. The company focuses on producing stylish electric vehicles capable of speeds ranging from 20 to 120 km/h, catering to both individual consumers and businesses, including fleets and sharing companies. In addition to its electric scooters, Kumpan Electric offers portable energy storage systems that support sustainable mobility. By promoting electric transportation alternatives, the company aims to enable riders to travel in an environmentally friendly manner, ensuring zero emissions and flexible battery technology for enhanced mobility solutions.

Cascade Drives

Seed Round in 2020
Founded in 2014, Cascade Drives specializes in manufacturing high-performing, eco-friendly power density solutions. Its core products include CASCADE POWER (electromechanical linear actuator for electric forklifts), CASCADE STEERING (drive-by-wire electrical steering system for heavy-duty vehicles), and CASCADE TORQUE (gearbox used in wind turbines and in-wheel propulsion systems). These solutions serve industries such as mining, material handling, commercial trucks, buses, tow tractors, and airplane tugs.

Gleam

Pre Seed Round in 2018
GLEAM, founded by Mario Eibl in 2013, is a technology company specializing in the development of modular light electric vehicles, specifically cargo e-bikes. The company's journey began in 2010 when a messenger in Vienna sought an efficient vehicle for urban deliveries. GLEAM's flagship product, categorized as a "Pedelec," is designed to facilitate car-independent and emission-free urban movement. This e-bike features ample cargo space, an electric engine, and front and rear suspension, allowing users to navigate urban traffic effectively while accommodating their cargo needs. GLEAM plans to expand its portfolio with higher-speed vehicles in 2024, further enhancing its commitment to sustainable urban mobility.

Hardt Hyperloop

Venture Round in 2018
Hardt Hyperloop is a company dedicated to developing an innovative transportation system that enables emission-free travel over large distances. Originating from the winning team of the SpaceX Hyperloop Competition, it aims to create a hyperloop network that serves both passengers and freight efficiently. The hyperloop system designed by Hardt Hyperloop focuses on providing a safe, sustainable, and affordable mode of transport, allowing for rapid travel between network cities with minimal waiting times. By prioritizing accessibility and environmental responsibility, Hardt Hyperloop seeks to revolutionize global mobility and enhance connectivity for daily commuters.

Ferroamp Elektronik

Seed Round in 2016
Ferroamp Elektronik AB specializes in developing and manufacturing innovative power electronics aimed at enhancing the efficiency of electrical energy use. The company's primary product is the ACE, a four-quadrant inverter that facilitates quicker electric vehicle charging and helps reduce grid fees. ACE is a component of the modular EnergyHub system, which can be expanded with solar cells and energy storage solutions according to user needs. This smart grid concept optimizes the versatility and economic viability of solar installations, benefiting both homeowners and utility companies. Additionally, Ferroamp offers a range of energy optimization solutions, including solar string optimizers, energy storage optimizers, and adaptive equalization, primarily catering to property companies, energy consultants, and electric power firms.

Place to Plug

Convertible Note in 2015
Place to Plug is an innovative platform that connects electric vehicle (EV) drivers with public and private charging points worldwide. Powered by AI and blockchain technology, it enables users to find, book, and access charging points seamlessly, while allowing charging point owners to increase revenue and enhance their infrastructure's value.

GDI

GDI, founded in 2009 and based in Rochester, New York, specializes in the development and manufacture of silicon anodes for lithium-ion batteries. The company focuses on creating patented silicon battery materials that provide superior performance compared to traditional lithium-ion and emerging solid-state batteries. These materials are designed for compatibility with various lithium battery architectures and are engineered for mass production, allowing industries to enhance their product development capabilities. GDI's innovations aim to improve battery performance, particularly in terms of charging times, thereby contributing to a more sustainable and efficient energy future.
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