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 Transport and logistics

Cellbox Solutions

Grant in 2023
Cellbox Solutions is a young technology company that focuses on innovative logistic solutions for the global BioMed industry.

Transmetrics

Convertible Note in 2023
Transmetrics is an advanced AI platform tailored for the supply chain sector that enhances transport planning through predictive analytics and machine learning. By integrating human expertise with artificial intelligence, Transmetrics provides significant operational benefits while minimizing the environmental impact of logistics. The platform specializes in data cleansing, demand forecasting, and network optimization, delivering highly accurate analyses and predictions of transport flows. With a strong foundation in both technical fields and logistics, Transmetrics has developed solutions that have enabled top-tier logistics companies globally to reduce transport costs by up to 25%, improve fleet utilization by up to 14%, and maintain high service standards. The company’s innovative approach has garnered support from the European Union's Horizon 2020 research and innovation program, facilitating its mission to enhance operational efficiency for cargo transport and logistics service providers.

HSL Technologies

Series A in 2023
HSL Technologies specializes in innovative hydrogen transport and storage solutions, centered around a breakthrough product known as HydroSil. This technology allows hydrogen to be safely transported using conventional infrastructures, thereby minimizing risk. The company has designed a hydrogen-based liquid carrier that enables efficient charging and releasing of hydrogen, offering a stable, non-toxic, and non-explosive fuel alternative. This liquid carrier generates no emissions, making it an environmentally friendly option for various applications, including fuel cells that produce electricity for vehicles, generators, and portable devices. HSL Technologies is committed to driving the transition to a carbon-free future, positioning itself as a leader in the clean energy sector.

Xenomatix

Grant in 2022
Xenomatix specializes in solid-state light detection and ranging solutions that cater to advanced driver assistance systems (ADAS) and autonomous driving technologies. The company develops automotive vision systems utilizing laser-based technology and complementary metal oxide semiconductor detectors, enabling real-time 3D digitization of vehicle surroundings. Their products are also applicable in various sectors, including road construction, surveying, industrial, automotive, mining, agriculture, off-road activities, and railway operations. By providing innovative solutions, Xenomatix helps enhance safety and efficiency in both automotive and industrial markets.

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.

Electrochaea

Venture Round in 2020
Electrochaea GmbH is a company based in Planegg, Germany, specializing in the development and commercialization of grid-scale power-to-gas energy storage technology. Founded in 2010, Electrochaea's proprietary process converts low-cost and stranded electricity, along with carbon dioxide, into renewable natural gas, specifically methane, which is suitable for direct injection into the existing natural gas grid. This technology facilitates the storage of large quantities of renewable energy generated from wind and solar sources, providing solutions for utility-scale energy storage, grid balancing, and carbon recycling. Additionally, the company aims to contribute to the decarbonization of transportation and natural gas grids, thereby reducing greenhouse gas emissions. With operational facilities in Denmark and California, Electrochaea represents a significant advancement in the efficient storage and transmission of renewable energy.

Wavefoil

Grant in 2020
Wavefoil provides retractable bow foils that reduce fuel consumption and ship motions in waves.

Wavefoil

Venture Round in 2020
Wavefoil provides retractable bow foils that reduce fuel consumption and ship motions in waves.

Electrochaea

Grant in 2020
Electrochaea GmbH is a company based in Planegg, Germany, specializing in the development and commercialization of grid-scale power-to-gas energy storage technology. Founded in 2010, Electrochaea's proprietary process converts low-cost and stranded electricity, along with carbon dioxide, into renewable natural gas, specifically methane, which is suitable for direct injection into the existing natural gas grid. This technology facilitates the storage of large quantities of renewable energy generated from wind and solar sources, providing solutions for utility-scale energy storage, grid balancing, and carbon recycling. Additionally, the company aims to contribute to the decarbonization of transportation and natural gas grids, thereby reducing greenhouse gas emissions. With operational facilities in Denmark and California, Electrochaea represents a significant advancement in the efficient storage and transmission of renewable energy.

HSL Technologies

Grant in 2020
HSL Technologies specializes in innovative hydrogen transport and storage solutions, centered around a breakthrough product known as HydroSil. This technology allows hydrogen to be safely transported using conventional infrastructures, thereby minimizing risk. The company has designed a hydrogen-based liquid carrier that enables efficient charging and releasing of hydrogen, offering a stable, non-toxic, and non-explosive fuel alternative. This liquid carrier generates no emissions, making it an environmentally friendly option for various applications, including fuel cells that produce electricity for vehicles, generators, and portable devices. HSL Technologies is committed to driving the transition to a carbon-free future, positioning itself as a leader in the clean energy sector.

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.
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