European Innovation Council

The European Innovation Council (EIC), established in 2020 and headquartered in Brussels, Belgium, is dedicated to supporting high-potential innovators, entrepreneurs, small enterprises, and researchers. Its primary focus is on fostering early-stage startups that demonstrate significant environmental, social, and governance (ESG) impacts. The EIC collaborates with private investors to co-invest in ventures, particularly within the deep technology sector, aiming to drive innovation and sustainable development across Europe. By providing financial backing and resources, the EIC seeks to enhance the growth potential of promising startups and contribute to a more innovative and competitive European economy.

David Malo Jean

Director

Candace Johnson

President

Past deals in Electric Vehicle

DRONAMICS

Grant in 2024
DRONAMICS is a cargo drone airline that develops drone technology for cargo transportation and logistics operations. The company is building an air cargo ecosystem to cater to the requirements of individuals and industries across the globe. This mobility solution, driven by long-range cargo drones, delivers savings in time, costs, and carbon emissions.

Daze

Series A in 2024
Daze is an Italian hi-tech startup developing smart chargers for electric vehicles (EVs). Founded in 2016, Daze spent 3 years mainly focusing on pure R&D activities to create the first both autonomous and conductive charger for EVs: DazePlug. During 2020 Daze has also developed, started to produce and sell two “classic” EV charging products: DazeBox (for home charging) and DazeMax (for shared charging). In 2021 product sales exceeded 3,800 units and revenues approached 1.9 million Euro, with CAGR of 330% between 2019 and 2021. From June 2021 the company is also benefitting from a grant of 2.5 million Euro from the European Innovation Council (EIC) Fund, which is and will be used to push forward DazePlug development. In 2022 revenues grow over 5 million Euro with positive EBITDA, Daze Iberica started the operations. 2023 is the year of expansion, Daze France is starting the operations and new business models and new products are added to the business

Heart Aerospace

Series B in 2024
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Hardt Hyperloop

Venture Round in 2023
Hardt Hyperloop is focused on creating a transport system that enables emission-free travel over long distances, making it accessible to a broad audience. Evolving from a winning team at the SpaceX Hyperloop Competition, the company aims to develop a hyperloop system that can accommodate large volumes of passengers and freight. This innovative transport solution promises to offer on-demand, zero-emission travel that is both affordable and sustainable. By facilitating rapid connections between network cities, Hardt Hyperloop ensures minimal waiting times for travelers, enhancing the overall efficiency of urban mobility.

Daze

Convertible Note in 2022
Daze is an Italian hi-tech startup developing smart chargers for electric vehicles (EVs). Founded in 2016, Daze spent 3 years mainly focusing on pure R&D activities to create the first both autonomous and conductive charger for EVs: DazePlug. During 2020 Daze has also developed, started to produce and sell two “classic” EV charging products: DazeBox (for home charging) and DazeMax (for shared charging). In 2021 product sales exceeded 3,800 units and revenues approached 1.9 million Euro, with CAGR of 330% between 2019 and 2021. From June 2021 the company is also benefitting from a grant of 2.5 million Euro from the European Innovation Council (EIC) Fund, which is and will be used to push forward DazePlug development. In 2022 revenues grow over 5 million Euro with positive EBITDA, Daze Iberica started the operations. 2023 is the year of expansion, Daze France is starting the operations and new business models and new products are added to the business

Maeve Aerospace

Pre Seed Round in 2022
Maeve Aerospace is a all-electric aircraft.

ONO

Series A in 2022
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.

Chassis Autonomy

Grant in 2022
Chassis Autonomy focuses on the design, development, and manufacturing of steer-by-wire and brake-by-wire systems specifically for Level 4 and Level 5 autonomous vehicles. The company aims to enhance autonomous mobility by creating fail-operational steering and braking systems that ensure safety and reliability in highly automated and fully autonomous vehicles. Through its comprehensive approach, Chassis Autonomy contributes to the advancement of safe and efficient transportation solutions in the realm of autonomous technology.

Maeve Aerospace

Grant in 2022
Maeve Aerospace is a all-electric aircraft.

Evoy

Venture Round in 2022
Evoy is a Norwegian manufacturer of electric propulsion systems, established in 2018 and located in Florø, Sogn og Fjordane. The company specializes in producing inboard and outboard electric motors designed to replace traditional diesel and gasoline systems in speedboats. By doing so, Evoy enables boat owners to significantly reduce maintenance and operational costs while eliminating noise, smell, and pollution associated with conventional engines. The electric motors are engineered to provide strong performance and responsiveness, catering to the needs of ferry and tour operators who aim to meet sustainability goals and comply with environmental regulations.

Evoy

Grant in 2022
Evoy is a Norwegian manufacturer of electric propulsion systems, established in 2018 and located in Florø, Sogn og Fjordane. The company specializes in producing inboard and outboard electric motors designed to replace traditional diesel and gasoline systems in speedboats. By doing so, Evoy enables boat owners to significantly reduce maintenance and operational costs while eliminating noise, smell, and pollution associated with conventional engines. The electric motors are engineered to provide strong performance and responsiveness, catering to the needs of ferry and tour operators who aim to meet sustainability goals and comply with environmental regulations.

Octave

Grant in 2022
A sustainable, cost-effective and reliable energy storage system with second-life batteries from electric vehicles.

DRONAMICS

Grant in 2022
DRONAMICS is a cargo drone airline that develops drone technology for cargo transportation and logistics operations. The company is building an air cargo ecosystem to cater to the requirements of individuals and industries across the globe. This mobility solution, driven by long-range cargo drones, delivers savings in time, costs, and carbon emissions.

DRONAMICS

Venture Round in 2022
DRONAMICS is a cargo drone airline that develops drone technology for cargo transportation and logistics operations. The company is building an air cargo ecosystem to cater to the requirements of individuals and industries across the globe. This mobility solution, driven by long-range cargo drones, delivers savings in time, costs, and carbon emissions.

Daze

Seed Round in 2021
Daze is an Italian hi-tech startup developing smart chargers for electric vehicles (EVs). Founded in 2016, Daze spent 3 years mainly focusing on pure R&D activities to create the first both autonomous and conductive charger for EVs: DazePlug. During 2020 Daze has also developed, started to produce and sell two “classic” EV charging products: DazeBox (for home charging) and DazeMax (for shared charging). In 2021 product sales exceeded 3,800 units and revenues approached 1.9 million Euro, with CAGR of 330% between 2019 and 2021. From June 2021 the company is also benefitting from a grant of 2.5 million Euro from the European Innovation Council (EIC) Fund, which is and will be used to push forward DazePlug development. In 2022 revenues grow over 5 million Euro with positive EBITDA, Daze Iberica started the operations. 2023 is the year of expansion, Daze France is starting the operations and new business models and new products are added to the business

Hardt Hyperloop

Funding Round in 2021
Hardt Hyperloop is focused on creating a transport system that enables emission-free travel over long distances, making it accessible to a broad audience. Evolving from a winning team at the SpaceX Hyperloop Competition, the company aims to develop a hyperloop system that can accommodate large volumes of passengers and freight. This innovative transport solution promises to offer on-demand, zero-emission travel that is both affordable and sustainable. By facilitating rapid connections between network cities, Hardt Hyperloop ensures minimal waiting times for travelers, enhancing the overall efficiency of urban mobility.

Magment

Grant in 2021
MAGMENT specializes in the development of innovative concrete materials created from cement and recycled magnetic particles, which significantly enhance energy transfer and performance. The company focuses on designing and manufacturing magnetizable concrete for wireless charging solutions, particularly for electric vehicles. By leveraging its extensive expertise in magnetic materials and their applications, MAGMENT aims to provide competitive and customer-oriented electromagnetic solutions. The company's offerings include pre-cast concrete modules that facilitate wireless inductive charging infrastructure, promoting emission-free transportation. Through continuous research and strong global partnerships, MAGMENT strives to redefine how electric vehicles are charged, allowing them to charge while in motion rather than requiring dedicated charging stops.

SciMo

Grant in 2021
SciMo provides electric motor services such as electromagnetic design, mechanical calculations, and motor prototype production. The company was founded in 2017 and is based in Karlsruhe, Baden-Württemberg.

Heart Aerospace

Series A in 2021
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Hardt Hyperloop

Grant in 2021
Hardt Hyperloop is focused on creating a transport system that enables emission-free travel over long distances, making it accessible to a broad audience. Evolving from a winning team at the SpaceX Hyperloop Competition, the company aims to develop a hyperloop system that can accommodate large volumes of passengers and freight. This innovative transport solution promises to offer on-demand, zero-emission travel that is both affordable and sustainable. By facilitating rapid connections between network cities, Hardt Hyperloop ensures minimal waiting times for travelers, enhancing the overall efficiency of urban mobility.

Sabi Agri

Grant in 2021
Sabi Agri is an agricultural engineering company based in Saint-Beauzire, France, founded in 2017. The company specializes in designing and manufacturing electric tractors that cater to diverse agricultural needs, including market gardening, livestock farming, field crops, viticulture, and arboriculture. By providing sustainable agricultural solutions, Sabi Agri enables farmers to adopt cost-effective agroecological practices, enhancing productivity while minimizing environmental impact.

Daze

Venture Round in 2020
Daze is an Italian hi-tech startup developing smart chargers for electric vehicles (EVs). Founded in 2016, Daze spent 3 years mainly focusing on pure R&D activities to create the first both autonomous and conductive charger for EVs: DazePlug. During 2020 Daze has also developed, started to produce and sell two “classic” EV charging products: DazeBox (for home charging) and DazeMax (for shared charging). In 2021 product sales exceeded 3,800 units and revenues approached 1.9 million Euro, with CAGR of 330% between 2019 and 2021. From June 2021 the company is also benefitting from a grant of 2.5 million Euro from the European Innovation Council (EIC) Fund, which is and will be used to push forward DazePlug development. In 2022 revenues grow over 5 million Euro with positive EBITDA, Daze Iberica started the operations. 2023 is the year of expansion, Daze France is starting the operations and new business models and new products are added to the business

VoltAero

Grant in 2020
VoltAero is a manufacturer of electric aircraft designed to deliver safe, quiet, efficient, and eco-friendly flight solutions. The company's innovative aircraft features parallel electric-hybrid propulsion, providing a reliable platform for general aviation. This versatile aircraft caters to various clients, including private owners, air taxi and charter companies, and those involved in commercial regional travel. By focusing on sustainability and efficiency, VoltAero aims to facilitate a new era of electric aviation, enhancing the overall flight experience while promoting environmental responsibility.

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.

Heart Aerospace

Grant in 2020
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

wattalps

Venture Round in 2020
Wattalps specializes in developing lithium power systems aimed at providing affordable battery solutions for small and medium series applications. The company's products prioritize passive safety, cooling efficiency, long life, and cell protection, facilitating the integration of these systems into vehicles and charging stations. With a focus on creating standard and modular designs, Wattalps aims to simplify installation processes, making them both fast and cost-effective. By advancing these technologies, the company contributes to the broader adoption of electric vehicles and sustainable transportation solutions.

wattalps

Grant in 2020
Wattalps specializes in developing lithium power systems aimed at providing affordable battery solutions for small and medium series applications. The company's products prioritize passive safety, cooling efficiency, long life, and cell protection, facilitating the integration of these systems into vehicles and charging stations. With a focus on creating standard and modular designs, Wattalps aims to simplify installation processes, making them both fast and cost-effective. By advancing these technologies, the company contributes to the broader adoption of electric vehicles and sustainable transportation solutions.

ONO

Grant 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.

Limatech

Grant in 2020
Limatech is a manufacturer of lithium-ion batteries for aviation with applications across space and defense. They provide lithium batteries for general aviation, commercial aviation, and defense market. Their batteries are used in ulm, lsa airplanes, cs 23 airplanes, cs 27 helicopters, cs 25 airplanes, cs 29 helicopters, airplanes, helicopters, drones, marine, and land.

Evoy

Venture Round in 2020
Evoy is a Norwegian manufacturer of electric propulsion systems, established in 2018 and located in Florø, Sogn og Fjordane. The company specializes in producing inboard and outboard electric motors designed to replace traditional diesel and gasoline systems in speedboats. By doing so, Evoy enables boat owners to significantly reduce maintenance and operational costs while eliminating noise, smell, and pollution associated with conventional engines. The electric motors are engineered to provide strong performance and responsiveness, catering to the needs of ferry and tour operators who aim to meet sustainability goals and comply with environmental regulations.

Aviloo

Venture Round in 2020
Aviloo specializes in battery monitoring systems for electric vehicles, focusing on enhancing transparency regarding battery health. The company’s diagnostic system independently tests battery cells under extreme conditions and analyzes battery-related data from the vehicle. This comprehensive evaluation allows Aviloo to issue a Battery Certificate, which includes an independent rating of the battery's condition. By identifying battery cells with reduced performance, Aviloo enables clients to make informed decisions about resale prices for electric vehicles, contributing to a more transparent and efficient marketplace. Through its innovative approach, Aviloo aims to support the transition to emission-free transportation.

Evoy

Grant in 2020
Evoy is a Norwegian manufacturer of electric propulsion systems, established in 2018 and located in Florø, Sogn og Fjordane. The company specializes in producing inboard and outboard electric motors designed to replace traditional diesel and gasoline systems in speedboats. By doing so, Evoy enables boat owners to significantly reduce maintenance and operational costs while eliminating noise, smell, and pollution associated with conventional engines. The electric motors are engineered to provide strong performance and responsiveness, catering to the needs of ferry and tour operators who aim to meet sustainability goals and comply with environmental regulations.

VoltAero

Venture Round in 2020
VoltAero is a manufacturer of electric aircraft designed to deliver safe, quiet, efficient, and eco-friendly flight solutions. The company's innovative aircraft features parallel electric-hybrid propulsion, providing a reliable platform for general aviation. This versatile aircraft caters to various clients, including private owners, air taxi and charter companies, and those involved in commercial regional travel. By focusing on sustainability and efficiency, VoltAero aims to facilitate a new era of electric aviation, enhancing the overall flight experience while promoting environmental responsibility.

Aviloo

Grant in 2020
Aviloo specializes in battery monitoring systems for electric vehicles, focusing on enhancing transparency regarding battery health. The company’s diagnostic system independently tests battery cells under extreme conditions and analyzes battery-related data from the vehicle. This comprehensive evaluation allows Aviloo to issue a Battery Certificate, which includes an independent rating of the battery's condition. By identifying battery cells with reduced performance, Aviloo enables clients to make informed decisions about resale prices for electric vehicles, contributing to a more transparent and efficient marketplace. Through its innovative approach, Aviloo aims to support the transition to emission-free transportation.

ZUMA

Grant in 2020
ZUMA is an innovation company focused on market-level problems. ZUMA aims to develop high-end mechatronic systems for the bicycle sector and with new capabilities and features. The founders of ZUMA have a solid research background both in academia and in private institutions, as well as industrial experience on the development of innovative solutions for new products. This background fits the current trend in the bicycle market where a leap from pure mechanical bicycles to integrated mechatronic bicycles is happening. The ultimate goal for ZUMA is to bring the potential of bicycles to new levels, both as a leisure article and as a mean of transport, and it has the vision of becoming the main reference in the industry offering differentiating products.
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