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, KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Past deals in Europe

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.

NitroCapt

Venture Round in 2024
NitroCapt is a climate-tech company developing a patented chemical process, SUNIFIX, to produce climate-neutral nitrogen fertilizers. The process uses only air, water, and renewable energy to enable sustainable, fossil-free production of nitrogen fertilizer, with a focus on Europe. By replacing fossil-based inputs, NitroCapt aims to reduce environmental impact while maintaining cost efficiency and crop yields, helping agricultural producers transition to a decarbonized nitrogen fertilizer supply. The company positions its technology as enabling producers to be more profitable than continuing with traditional fertilizers, while advancing sustainability in agriculture.

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.

Fibersail

Venture Round in 2024
Fibersail is a technology company based in Oeiras, Portugal, with an additional office in Rotterdam, the Netherlands. Founded in 2014, it specializes in providing continuous and automated real-time shape monitoring services for wind turbine blades. Using a shape sensing system based on Fiber Bragg Grating (FBG) fiber optic technology, Fibersail analyzes the shape, condition, and behavior of windmill blades. This real-time information aids wind turbine operators in maximizing performance and availability while reducing the risk of failures and minimizing maintenance costs. The company's innovative fiber optic sensors facilitate easy and seamless integration along the entire length of critical structures, ensuring precise monitoring of their condition and structural integrity.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

FertigHy

Seed Round in 2024
FertigHy is a manufacturing company that produces and distributes low-carbon agricultural fertilizers. It uses renewable hydrogen to manufacture ammonia, a primary fertilizer component, enabling decarbonization for European farmers and contributing to food security. The company focuses on delivering affordable, sustainable fertilizer solutions to the European agricultural market.

CorPower Ocean

Series B in 2024
Founded in 2009, CorPower Ocean develops high-efficiency Wave Energy Converters (WECs). Its patented technology features a heaving buoy connected to the seabed via a taut mooring line, enabling a lightweight system with high natural frequency of oscillation. This results in five times higher annual energy output compared to traditional solutions, making it cost-competitive with offshore wind. The company is based in Sweden with additional offices in Portugal, Norway, and the UK.

Pionierkraft

Series A in 2024
Founded in 2019, Pionierkraft is a Munich-based company that develops sustainable solutions to increase on-site energy consumption. It focuses on making renewable energy affordable and accessible by facilitating its distribution among neighboring households.

Zeleros

Venture Round in 2024
Zeleros is a Spanish company specializing in the development of hyperloop technology, positioning itself as a pioneer in the fifth mode of transportation. The company focuses on optimizing vehicles to lower infrastructure costs while ensuring safer pressure levels for passengers. Zeleros aims to design and implement sustainable transport solutions that allow travel at speeds of up to 1000 km/h using clean energy. This is achieved through a system of depressurized tubes that combines elements from both the aerospace and railway industries. The company is actively preparing to construct a 2-kilometer test track in Valencia for high-speed demonstrations and is collaborating with various partners, including prominent companies and research institutions. Zeleros is also engaged in an international effort to establish hyperloop standards for global interoperability. With over €1.5 million secured from two funding rounds, Zeleros is positioned to enhance intercity transport and logistics, addressing mobility challenges in urban areas and improving regional competitiveness.

Swedish Algae Factory

Venture Round in 2024
Founded in 2014, Swedish Algae Factory specializes in algae cultivation systems and wastewater treatment technologies. The company extracts nanoporous silica shells from algae to enhance solar panel efficiency and develop sustainable products.

Hymeth

Venture Round in 2024
Founded in 2016, Hymeth is a Danish company specializing in the production of sustainable gases. It develops an electromagnetic electrolyzer that splits water into hydrogen and oxygen, which is then converted into methane for various industries.

Eneida

Series B in 2024
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

HPS

Venture Round in 2024
HPS Home Power Solutions GmbH specializes in manufacturing solar energy management systems designed for the non-commercial sector, particularly targeting single and multi-family homes. Founded in 2014 and based in Berlin, the company offers a product known as Picea, an integrated system that combines energy storage, heating assistance, and indoor ventilation. This system utilizes green hydrogen to store solar energy, which can then be converted into electrical energy for household use. In addition to hardware, HPS also develops software to manage energy utilization effectively. By focusing on eco-friendly energy solutions, HPS aims to facilitate sustainable energy practices and provide valuable services to its users.

ROSI

Venture Round in 2024
ROSI is a company based in Grenoble, France, focused on developing innovative technologies for the recycling and revalorization of raw materials within the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other metals that are typically lost during the manufacturing of photovoltaic cells and at the end of a solar panel's life cycle. By addressing industrial waste generated during the solar wafer slicing process and capturing silicon fine particles lost during PV-silicon production, ROSI enables its clients to produce photovoltaic modules in a more sustainable and cost-effective manner.

Bee Planet Factory

Venture Round in 2024
Bee Planet Factory S.L., founded in 2018 and headquartered in Noáin, Spain, specializes in recycling automotive batteries and repurposing them for home and commercial energy storage solutions. The company focuses on the second-life use of batteries removed from electric vehicles, which retain significant storage capacity (70%-80%) and high performance after their initial application. Bee Planet Factory offers various products, including BeeBattery Home for residential energy accumulation from photovoltaic panels, BeeBattery Pack for medium-scale commercial and industrial storage, and BeeBattery Power for large-scale industrial and renewable energy applications. Through its innovative approach, the company aims to promote sustainable energy consumption and contribute to an emission-free future.

Vertequip

Venture Round in 2024
Founded in 2011, Vertequip specializes in developing equipment and services designed to enhance safety and productivity for workers at heights. Its innovative solutions include products like S.T.E.P. No Limits, S.T.E.P. Freedom, and S.T.E.P. UP, catering to various industries such as construction, mining, and energy.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

Enline

Seed Round in 2024
Enline is a global software company specializing in Digital Twin technology for power grids. The company's IIoT software creates and operates digital representations of assets, capturing electrical, mechanical and thermal behavior without the need for sensors, and can be deployed remotely in days at a competitive cost. It serves clients across power generation, transmission and distribution, industry, mining and financial sectors, with customers on five continents and offices in Portugal, Germany, Brazil and Peru. Enline's platform enables predictive and real-time monitoring, fault detection, transmission loss reduction, system modeling, forecasting, design and optimization, helping grid operators improve asset efficiency, availability and reliability while lowering operational costs. The company emphasizes speed of innovation, vertical expertise and global reach to simplify complex grid challenges at scale.

FineCell

Seed Round in 2023
FineCell is a Swedish company based in Linköping that specializes in the production of sustainable cellulose microfibers. Established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li, FineCell focuses on creating renewable and high-performance nanomaterials derived from forest resources. The unique physical and chemical properties of its cellulose microfibers offer distinct advantages over competing products, making them suitable for a variety of applications, including reinforcement, barriers, and fillers in packaging and the automotive industry. FineCell's innovative materials enable manufacturers to utilize simpler and more cost-effective raw materials across diverse sectors such as packaging, paper, personal care, food, pharmaceuticals, membranes, and paints, contributing to reduced carbon footprints in production processes. The company has garnered support from Vinnova, Sweden's innovation agency, and EIT InnoEnergy.

Candam

Venture Round in 2023
Candam is a technology company in the waste management solutions sector developing real-time packaging material recognition and waste sorting technology. It has developed a patented Smart Ring that identifies all types of packaging materials using acoustic techniques and AI, enabling more accurate waste sorting and efficient collection. The company also offers a waste management platform that uses secure acoustic edge AI for smart containers to increase recycling rates, support the circular economy, and address plastic waste in urban environments, with applications including pharmaceutical waste management.

FertigHy

Pre Seed Round in 2023
FertigHy is a manufacturing company that produces and distributes low-carbon agricultural fertilizers. It uses renewable hydrogen to manufacture ammonia, a primary fertilizer component, enabling decarbonization for European farmers and contributing to food security. The company focuses on delivering affordable, sustainable fertilizer solutions to the European agricultural market.

NitroCapt

Grant in 2023
NitroCapt is a climate-tech company developing a patented chemical process, SUNIFIX, to produce climate-neutral nitrogen fertilizers. The process uses only air, water, and renewable energy to enable sustainable, fossil-free production of nitrogen fertilizer, with a focus on Europe. By replacing fossil-based inputs, NitroCapt aims to reduce environmental impact while maintaining cost efficiency and crop yields, helping agricultural producers transition to a decarbonized nitrogen fertilizer supply. The company positions its technology as enabling producers to be more profitable than continuing with traditional fertilizers, while advancing sustainability in agriculture.

ROSI

Series A in 2022
ROSI is a company based in Grenoble, France, focused on developing innovative technologies for the recycling and revalorization of raw materials within the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other metals that are typically lost during the manufacturing of photovoltaic cells and at the end of a solar panel's life cycle. By addressing industrial waste generated during the solar wafer slicing process and capturing silicon fine particles lost during PV-silicon production, ROSI enables its clients to produce photovoltaic modules in a more sustainable and cost-effective manner.

Norwegian Crystals

Venture Round in 2022
Norwegian Crystals is a manufacturer specializing in high-quality, low-carbon monocrystalline silicon products, including bricks, wafers, and ingots. These products are utilized as substrates in the photovoltaic industry, contributing to the production of solar cells and solar modules. The company offers both p-type and n-type monoblocks, employing a proprietary pulling process and design to ensure efficiency and sustainability in its manufacturing practices. Norwegian Crystals is committed to supporting clients in their efforts to reduce harmful emissions and promote environmentally friendly energy solutions.

Elestor

Venture Round in 2022
Elestor BV, founded in 2014 by Wiebrand Kout and headquartered in Arnhem, the Netherlands, specializes in energy storage systems aimed at optimizing the use of self-generated renewable electricity. The company focuses on developing large-scale, cost-effective technologies that can be integrated with hydrogen infrastructures and electrolyzers. This integration significantly reduces the production costs of green hydrogen, allowing clients to lower their electricity storage expenses. Elestor's innovative approach positions it as a key player in the renewable energy sector, facilitating the efficient storage of electricity and promoting sustainable energy solutions.

DCbrain

Venture Round in 2022
DCbrain is a deep-tech SaaS company that provides an optimization platform for the energy and supply chain sectors. The platform uses artificial intelligence and hybrid AI techniques to address complex network configurations, combining a visualization interface with a predictive analytics toolbox to help clients identify anomalies, prevent incidents, and forecast the future evolution of their networks. The solution relies on graph-based models and machine learning to ease operation and maintenance of industrial systems such as gas, water, electricity and logistics networks. Founded in 2014 and headquartered in Paris, DCbrain serves organizations seeking to optimize performance, reliability and resilience of their critical networks.

Fibersail

Seed Round in 2022
Fibersail is a technology company based in Oeiras, Portugal, with an additional office in Rotterdam, the Netherlands. Founded in 2014, it specializes in providing continuous and automated real-time shape monitoring services for wind turbine blades. Using a shape sensing system based on Fiber Bragg Grating (FBG) fiber optic technology, Fibersail analyzes the shape, condition, and behavior of windmill blades. This real-time information aids wind turbine operators in maximizing performance and availability while reducing the risk of failures and minimizing maintenance costs. The company's innovative fiber optic sensors facilitate easy and seamless integration along the entire length of critical structures, ensuring precise monitoring of their condition and structural integrity.

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.

NitroCapt

Venture Round in 2022
NitroCapt is a climate-tech company developing a patented chemical process, SUNIFIX, to produce climate-neutral nitrogen fertilizers. The process uses only air, water, and renewable energy to enable sustainable, fossil-free production of nitrogen fertilizer, with a focus on Europe. By replacing fossil-based inputs, NitroCapt aims to reduce environmental impact while maintaining cost efficiency and crop yields, helping agricultural producers transition to a decarbonized nitrogen fertilizer supply. The company positions its technology as enabling producers to be more profitable than continuing with traditional fertilizers, while advancing sustainability in agriculture.

Bamboo Energy

Seed Round in 2021
Bamboo Energy develops a platform for retailers and energy aggregators to manage and monetize distributed energy flexibility resources. The solution aims to accelerate the energy transition by making cleaner and cheaper energy more accessible and supports the integration of more renewable energy sources. The software forecasts consumption, flexibility, and market conditions for portfolio management, and helps operate and derive value from a portfolio of customers by participating in various electricity markets in an aggregated, coordinated manner. It uses artificial intelligence, mathematical optimization models, and cloud computing to optimize asset performance, improve operational efficiency, and enhance client operations across distributed energy resources.

FineCell

Seed Round in 2021
FineCell is a Swedish company based in Linköping that specializes in the production of sustainable cellulose microfibers. Established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li, FineCell focuses on creating renewable and high-performance nanomaterials derived from forest resources. The unique physical and chemical properties of its cellulose microfibers offer distinct advantages over competing products, making them suitable for a variety of applications, including reinforcement, barriers, and fillers in packaging and the automotive industry. FineCell's innovative materials enable manufacturers to utilize simpler and more cost-effective raw materials across diverse sectors such as packaging, paper, personal care, food, pharmaceuticals, membranes, and paints, contributing to reduced carbon footprints in production processes. The company has garnered support from Vinnova, Sweden's innovation agency, and EIT InnoEnergy.

Graphmatech

Venture Round in 2021
Graphmatech AB, founded in 2017 and headquartered in Västerås, Sweden, specializes in the invention, development, and sale of innovative graphene-based nanocomposite materials and services. The company's product portfolio includes aros graphene thermal grease, aros graphene polymer 3D filament, aros graphene conductive ink, and aros graphene coated polymer powder. Graphmatech focuses on enhancing material efficiency to support the green transition by reducing the amount of material needed for various applications. Their materials offer superior properties such as high thermal and electrical conductivity, self-lubrication, self-cooling, lightweight design, low friction, and high wear resistance. These characteristics enable industries to create new products using graphene hybrid materials, including polymers for the hydrogen economy that leak less, better metals, and copper/graphene powder for 3D printing that is more conductive than pure copper.

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.

Stegra

Series A in 2021
Stegra operates a state-of-the-art steel production plant designed to accelerate the decarbonization of the European steel industry. It achieves this by integrating green hydrogen technology, renewable energy sources, and artificial intelligence to produce fossil-free steel at competitive prices.

Bamboo Energy

Seed Round in 2021
Bamboo Energy develops a platform for retailers and energy aggregators to manage and monetize distributed energy flexibility resources. The solution aims to accelerate the energy transition by making cleaner and cheaper energy more accessible and supports the integration of more renewable energy sources. The software forecasts consumption, flexibility, and market conditions for portfolio management, and helps operate and derive value from a portfolio of customers by participating in various electricity markets in an aggregated, coordinated manner. It uses artificial intelligence, mathematical optimization models, and cloud computing to optimize asset performance, improve operational efficiency, and enhance client operations across distributed energy resources.

Camelina Company España

Seed Round in 2021
Camelina Company España is a leader in sustainable agriculture, specializing in the production of camelina, an industrial crop known for its environmental benefits. The company focuses on developing camelina plantations that yield oil and meal, primarily for use as feedstock in biojetfuel and biodiesel production. By introducing camelina into existing crop rotations, the company enhances agricultural sustainability without displacing food crops. Utilizing proprietary camelina seed varieties and advanced prediction models, Camelina Company optimizes elite varieties tailored to various cropping systems, ultimately helping farmers improve their profitability while promoting eco-friendly practices.

Sensorfact

Series A in 2021
Sensorfact offers an intelligent energy management system for industrial and SME operations. It uses low-cost, non-intrusive wireless sensors to measure real-time energy consumption, monitor energy flows, and track savings. The platform provides reporting, analysis, and full integration of data to enable actions that reduce energy use, cut energy bills, and lower carbon emissions. It is designed as a practical sustainability advisor, translating efficiency goals into clear, actionable steps without relying on complex equipment or software. Founded in 2016 and headquartered in Utrecht, Netherlands, Sensorfact focuses on making energy management straightforward for manufacturing and related sectors.

Pionierkraft

Seed Round in 2021
Founded in 2019, Pionierkraft is a Munich-based company that develops sustainable solutions to increase on-site energy consumption. It focuses on making renewable energy affordable and accessible by facilitating its distribution among neighboring households.

Solarworx

Seed Round in 2021
Solarworx, established in 2017 with its headquarters in Berlin, Germany, specializes in developing smart solar solutions for off-grid households and businesses. The company manufactures modular, grid-based solar systems designed to meet both current and future electricity demands efficiently and cost-effectively. These systems enable energy consumers to harness solar power independently.

CorPower Ocean

Venture Round in 2021
Founded in 2009, CorPower Ocean develops high-efficiency Wave Energy Converters (WECs). Its patented technology features a heaving buoy connected to the seabed via a taut mooring line, enabling a lightweight system with high natural frequency of oscillation. This results in five times higher annual energy output compared to traditional solutions, making it cost-competitive with offshore wind. The company is based in Sweden with additional offices in Portugal, Norway, and the UK.

HPS

Series A in 2021
HPS Home Power Solutions GmbH specializes in manufacturing solar energy management systems designed for the non-commercial sector, particularly targeting single and multi-family homes. Founded in 2014 and based in Berlin, the company offers a product known as Picea, an integrated system that combines energy storage, heating assistance, and indoor ventilation. This system utilizes green hydrogen to store solar energy, which can then be converted into electrical energy for household use. In addition to hardware, HPS also develops software to manage energy utilization effectively. By focusing on eco-friendly energy solutions, HPS aims to facilitate sustainable energy practices and provide valuable services to its users.

ROSI

Seed Round in 2021
ROSI is a company based in Grenoble, France, focused on developing innovative technologies for the recycling and revalorization of raw materials within the photovoltaic industry. The company specializes in recovering ultra-pure silicon and other metals that are typically lost during the manufacturing of photovoltaic cells and at the end of a solar panel's life cycle. By addressing industrial waste generated during the solar wafer slicing process and capturing silicon fine particles lost during PV-silicon production, ROSI enables its clients to produce photovoltaic modules in a more sustainable and cost-effective manner.

MAQ AB

Seed Round in 2021
MAQ AB is a Stockholm-based company that specializes in manufacturing and supplying damped machining tools designed to reduce vibrations during machining processes in the metalworking industry. Established in 2017, the company offers a range of products, including turning, milling, and hole-making tools, along with related accessories. MAQ AB distributes its products through a network of distributors in Sweden, Japan, and India, focusing on simplifying machining operations and enhancing efficiency in the industry.

Meva Energy

Seed Round in 2021
Meva Energy is a Swedish company established in 2008 that specializes in gasification technology for generating renewable energy from small fraction fuels. The company focuses on biomass gasification to produce power and heat energy, which can be utilized for various applications such as heating buildings, melting materials, running engines, and boiling water. By offering a sustainable solution for energy production, Meva Energy enables its clients to achieve profitability while contributing to environmental sustainability.

Enline

Seed Round in 2020
Enline is a global software company specializing in Digital Twin technology for power grids. The company's IIoT software creates and operates digital representations of assets, capturing electrical, mechanical and thermal behavior without the need for sensors, and can be deployed remotely in days at a competitive cost. It serves clients across power generation, transmission and distribution, industry, mining and financial sectors, with customers on five continents and offices in Portugal, Germany, Brazil and Peru. Enline's platform enables predictive and real-time monitoring, fault detection, transmission loss reduction, system modeling, forecasting, design and optimization, helping grid operators improve asset efficiency, availability and reliability while lowering operational costs. The company emphasizes speed of innovation, vertical expertise and global reach to simplify complex grid challenges at scale.

Celcibus

Seed Round in 2020
Celcibus AB is a Swedish innovation company specializing in materials for clean energy solutions. The company has developed a patented catalyst designed to enhance fuel cell performance without the use of noble metals. This technology aims to support the broader adoption of fuel cells in various sectors, including transportation, household, and industrial applications. By offering fossil-free products, Celcibus provides a sustainable alternative for powering electrical applications, thereby facilitating the global transition to alternative energy sources. The company's expertise in metal-free catalyst technology positions it as a key player in promoting cleaner energy solutions.

Bee Planet Factory

Seed Round in 2020
Bee Planet Factory S.L., founded in 2018 and headquartered in Noáin, Spain, specializes in recycling automotive batteries and repurposing them for home and commercial energy storage solutions. The company focuses on the second-life use of batteries removed from electric vehicles, which retain significant storage capacity (70%-80%) and high performance after their initial application. Bee Planet Factory offers various products, including BeeBattery Home for residential energy accumulation from photovoltaic panels, BeeBattery Pack for medium-scale commercial and industrial storage, and BeeBattery Power for large-scale industrial and renewable energy applications. Through its innovative approach, the company aims to promote sustainable energy consumption and contribute to an emission-free future.

Eneida

Series A in 2020
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Wattsun

Seed Round in 2020
Wattsun is a company established in 2016 and headquartered in Arnhem, Gelderland, that specializes in the development of portable lithium-ion battery systems for professional use on-site. The company's energy storage solutions are designed as high-quality, plug-and-play batteries that offer flexibility in site layout and a reliable energy supply. By allowing the arrangement of multiple units, Wattsun's systems enable industries to operate heavy equipment with a reduced carbon footprint. This innovative approach to energy distribution supports various applications while promoting sustainability in energy consumption.

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.

Smartive

Seed Round in 2020
Smartive is a Barcelona-based company founded in 2013 that specializes in the development of intelligent platforms aimed at enhancing the operation and efficiency of the energy market, particularly in the wind energy sector. The company offers a range of advanced services, including real-time SCADA data processing and diagnostic solutions for wind turbines. Smartive's technology employs artificial intelligence, cloud computing, and data mining algorithms to deliver cost-effective and precise monitoring systems. Its products include tools for supervision, monitoring, and performance optimization, as well as user-friendly interfaces that provide accurate real-time data analysis accessible via web-connected devices. Committed to sustainable growth and the promotion of renewable energy, Smartive plays a significant role in advancing energy efficiency within the industry.

Hymeth

Seed Round in 2020
Founded in 2016, Hymeth is a Danish company specializing in the production of sustainable gases. It develops an electromagnetic electrolyzer that splits water into hydrogen and oxygen, which is then converted into methane for various industries.

MAQ AB

Seed Round in 2020
MAQ AB is a Stockholm-based company that specializes in manufacturing and supplying damped machining tools designed to reduce vibrations during machining processes in the metalworking industry. Established in 2017, the company offers a range of products, including turning, milling, and hole-making tools, along with related accessories. MAQ AB distributes its products through a network of distributors in Sweden, Japan, and India, focusing on simplifying machining operations and enhancing efficiency in the industry.

MPower Ventures

Series A in 2020
MPower Ventures AG is a company that operates a crowdfunding platform focused on providing affordable clean energy solutions to households and small and medium enterprises in emerging markets. Established in 2017 and headquartered in Zurich, Switzerland, with additional offices in Madrid, Shenzhen, Cameroon, and Zambia, MPower Ventures offers a range of products and services. These include high-quality Plug&Play solar kits and energy-efficient appliances designed for both domestic and productive use. The company also develops in-house software that tracks and digitizes operations, utilizing data to enhance financial inclusion for end-users. Additionally, MPower Ventures provides inclusive financing solutions for its partners and customers, ensuring that clean energy remains accessible and affordable.

Meva Energy

Seed Round in 2020
Meva Energy is a Swedish company established in 2008 that specializes in gasification technology for generating renewable energy from small fraction fuels. The company focuses on biomass gasification to produce power and heat energy, which can be utilized for various applications such as heating buildings, melting materials, running engines, and boiling water. By offering a sustainable solution for energy production, Meva Energy enables its clients to achieve profitability while contributing to environmental sustainability.

Solarworx

Seed Round in 2020
Solarworx, established in 2017 with its headquarters in Berlin, Germany, specializes in developing smart solar solutions for off-grid households and businesses. The company manufactures modular, grid-based solar systems designed to meet both current and future electricity demands efficiently and cost-effectively. These systems enable energy consumers to harness solar power independently.

CorPower Ocean

Venture Round in 2020
Founded in 2009, CorPower Ocean develops high-efficiency Wave Energy Converters (WECs). Its patented technology features a heaving buoy connected to the seabed via a taut mooring line, enabling a lightweight system with high natural frequency of oscillation. This results in five times higher annual energy output compared to traditional solutions, making it cost-competitive with offshore wind. The company is based in Sweden with additional offices in Portugal, Norway, and the UK.

Sensorfact

Seed Round in 2020
Sensorfact offers an intelligent energy management system for industrial and SME operations. It uses low-cost, non-intrusive wireless sensors to measure real-time energy consumption, monitor energy flows, and track savings. The platform provides reporting, analysis, and full integration of data to enable actions that reduce energy use, cut energy bills, and lower carbon emissions. It is designed as a practical sustainability advisor, translating efficiency goals into clear, actionable steps without relying on complex equipment or software. Founded in 2016 and headquartered in Utrecht, Netherlands, Sensorfact focuses on making energy management straightforward for manufacturing and related sectors.

Pionierkraft

Seed Round in 2020
Founded in 2019, Pionierkraft is a Munich-based company that develops sustainable solutions to increase on-site energy consumption. It focuses on making renewable energy affordable and accessible by facilitating its distribution among neighboring households.

Ingelia

Series A in 2020
Ingelia is a technology-driven company based in Valencia, Spain, focused on research and development in the renewable energy sector. As a small to medium-sized enterprise, it is owned by multinational shareholders from Spain, Austria, England, and Italy. Ingelia operates hydrothermal carbonization plants that convert organic, vegetable, and food waste into biofuel. This innovative process transforms organic waste into hydrochar, significantly reducing greenhouse gas emissions. By enabling clients to valorize organic waste, Ingelia promotes sustainability and environmental protection through its advanced technology.

Beedata Analytics

Seed Round in 2020
Beedata Analytics is a spin-off of the BEE Group, focused on providing big data solutions for small and medium energy retailers. Founded in 2017, the company leverages over a decade of research in the European energy market to develop an open-source platform that facilitates customer engagement and business intelligence. This platform transforms smart meter data into actionable insights, addressing both customer information needs and internal business intelligence requirements. By offering advanced data analytics, Beedata enables energy companies to enhance customer loyalty, improve energy awareness, increase the productivity of sales and service teams, and optimize their business development efforts.

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. The company has developed a patented catalyst designed to enhance fuel cell performance without the use of noble metals. This technology aims to support the broader adoption of fuel cells in various sectors, including transportation, household, and industrial applications. By offering fossil-free products, Celcibus provides a sustainable alternative for powering electrical applications, thereby facilitating the global transition to alternative energy sources. The company's expertise in metal-free catalyst technology positions it as a key player in promoting cleaner energy solutions.

Foreseeti

Series A in 2020
Foreseeti AB, founded in 2014 and based in Stockholm, Sweden, is a technology company that specializes in automated threat modeling and attack simulation solutions. Its flagship products include securiCAD, which encompasses various offerings such as securiCAD Vanguard for cloud environments and securiCAD Professional for cybersecurity in design phases. These tools enable organizations to model threats and conduct attack simulations on complex IT infrastructures, providing crucial insights into their cybersecurity posture. Foreseeti's solutions are beneficial across multiple sectors, including military, aviation, finance, energy, automotive, and manufacturing. The company markets its products through consultancies and resellers, focusing on delivering a practical and hands-on approach to cybersecurity challenges. With a team of experienced professionals, Foreseeti aims to simplify the complexities of cybersecurity management, helping organizations proactively enhance their security architecture.

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.

Bee Planet Factory

Seed Round in 2020
Bee Planet Factory S.L., founded in 2018 and headquartered in Noáin, Spain, specializes in recycling automotive batteries and repurposing them for home and commercial energy storage solutions. The company focuses on the second-life use of batteries removed from electric vehicles, which retain significant storage capacity (70%-80%) and high performance after their initial application. Bee Planet Factory offers various products, including BeeBattery Home for residential energy accumulation from photovoltaic panels, BeeBattery Pack for medium-scale commercial and industrial storage, and BeeBattery Power for large-scale industrial and renewable energy applications. Through its innovative approach, the company aims to promote sustainable energy consumption and contribute to an emission-free future.

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.

Ener-Pacte

Seed Round in 2020
Ener-Pacte specializes in the operation, security, and optimization of photovoltaic power plants, addressing the increasing challenges faced by large-scale solar installations in France and beyond. The company offers comprehensive support to owners of non-professional photovoltaic systems, focusing on enhancing the financial performance of these projects. By providing practical and effective solutions, Ener-Pacte aims to ensure the profitability and sustainability of photovoltaic plants, helping clients secure their income and navigate the complexities of the solar energy market.

AEInnova

Series A in 2020
AEInnova develops autonomous industrial monitoring devices for predictive maintenance. Its flagship device InduEye is battery-free, self-powered, and capable of edge computing for real-time vibration, thermal, and steam-trap monitoring, powered by waste heat with optional solar or wind energy. It uses LoRaWAN or NB-IoT/LTE-CAT M for communications and streams data to cloud dashboards with analytics, alarms, and environmental impact analysis. The system aims to reduce downtime and maintenance costs through non-invasive, self-sustaining monitoring. Certifications include CE and ATEX/IECEX, with FCC ongoing. The technology is deployed across sectors such as oil and gas, aluminium, steel, paper, rubber, water treatment, and energy, with customers including Repsol, Cepsa, ArcelorMittal, Enel, and others. AEInnova has been recognized as a leading EU scale-up with multiple awards and EC funding, and participates in EU R&D initiatives related to energy harvesting and high-temperature IoT.

Wupatec

Seed Round in 2019
Wupatec is a French company based in Limoges, founded in 2016, specializing in advanced envelope tracking (ET) modulation technology for the telecommunications industry. Its primary focus is on enhancing the energy efficiency of power amplifiers used in wireless devices, which is critical for applications such as mobile telephony, 4G and 5G networks, and satellite communications. By minimizing energy waste in power amplifier circuits, Wupatec's solutions help telecom companies reduce power consumption and their overall carbon footprint. The company's technology not only addresses the challenges of power efficiency but also emphasizes compactness and cost-effectiveness across a wide range of frequency bands, making it a valuable asset for mobile base stations and other wireless communication systems.

Fibersail

Seed Round in 2019
Fibersail is a technology company based in Oeiras, Portugal, with an additional office in Rotterdam, the Netherlands. Founded in 2014, it specializes in providing continuous and automated real-time shape monitoring services for wind turbine blades. Using a shape sensing system based on Fiber Bragg Grating (FBG) fiber optic technology, Fibersail analyzes the shape, condition, and behavior of windmill blades. This real-time information aids wind turbine operators in maximizing performance and availability while reducing the risk of failures and minimizing maintenance costs. The company's innovative fiber optic sensors facilitate easy and seamless integration along the entire length of critical structures, ensuring precise monitoring of their condition and structural integrity.

Minesto

Post in 2018
Minesto is a Sweden-based developer of marine energy technology that commercializes the Deep Green system to generate electricity from slow tidal and ocean currents using a turbine-driven platform. Founded in 2007 by Magnus Landberg, it is headquartered in Gothenburg and operates projects in Sweden, Wales, and Northern Ireland.

Klugit Energy

Pre Seed Round in 2018
Klugit Energy develops a smart plug that converts standard electric water heaters into intelligent, Wi-Fi-connected devices. By learning users' hot water usage patterns through AI, Klugit reduces energy waste and provides immediate savings to households while offering utilities an affordable peak shaving solution.

Pamyra

Seed Round in 2018
Pamyra GmbH, founded in 2015 and based in Leipzig, Germany, specializes in freight forwarding services. The company operates an innovative online platform that simplifies the logistics process by connecting shippers with certified freight forwarders and carriers. This platform allows users to find available transport options for a variety of goods, including large parcels, machinery, furniture, and appliances, without the need for registration. By leveraging concepts from carpooling and comparison platforms, Pamyra facilitates quick and efficient bookings, enabling logistics dealers, shipping companies, and suppliers to arrange transportation for their freight in just a few minutes.

Vertequip

Seed Round in 2018
Founded in 2011, Vertequip specializes in developing equipment and services designed to enhance safety and productivity for workers at heights. Its innovative solutions include products like S.T.E.P. No Limits, S.T.E.P. Freedom, and S.T.E.P. UP, catering to various industries such as construction, mining, and energy.

DCbrain

Series A in 2018
DCbrain is a deep-tech SaaS company that provides an optimization platform for the energy and supply chain sectors. The platform uses artificial intelligence and hybrid AI techniques to address complex network configurations, combining a visualization interface with a predictive analytics toolbox to help clients identify anomalies, prevent incidents, and forecast the future evolution of their networks. The solution relies on graph-based models and machine learning to ease operation and maintenance of industrial systems such as gas, water, electricity and logistics networks. Founded in 2014 and headquartered in Paris, DCbrain serves organizations seeking to optimize performance, reliability and resilience of their critical networks.

Minesto

Post in 2018
Minesto is a Sweden-based developer of marine energy technology that commercializes the Deep Green system to generate electricity from slow tidal and ocean currents using a turbine-driven platform. Founded in 2007 by Magnus Landberg, it is headquartered in Gothenburg and operates projects in Sweden, Wales, and Northern Ireland.

Eneida

Seed Round in 2018
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Pamyra

Pre Seed Round in 2017
Pamyra GmbH, founded in 2015 and based in Leipzig, Germany, specializes in freight forwarding services. The company operates an innovative online platform that simplifies the logistics process by connecting shippers with certified freight forwarders and carriers. This platform allows users to find available transport options for a variety of goods, including large parcels, machinery, furniture, and appliances, without the need for registration. By leveraging concepts from carpooling and comparison platforms, Pamyra facilitates quick and efficient bookings, enabling logistics dealers, shipping companies, and suppliers to arrange transportation for their freight in just a few minutes.

Swedish Algae Factory

Seed Round in 2017
Founded in 2014, Swedish Algae Factory specializes in algae cultivation systems and wastewater treatment technologies. The company extracts nanoporous silica shells from algae to enhance solar panel efficiency and develop sustainable products.

C2C NewCap

Seed Round in 2016
C2C NewCap, founded in 2014 by Rui Silva and Andre Mao de Ferro, is a Lisbon-based manufacturer specializing in the production of supercapacitors designed for efficient electrical energy storage. The company focuses on developing next-generation devices that utilize proprietary electrodes and an aqueous electrolyte, which contribute to a low environmental impact. C2C NewCap aims to provide clients with energy storage solutions that not only enhance operational efficiency but also reduce overall environmental and operational costs.

Minesto

Post in 2016
Minesto is a Sweden-based developer of marine energy technology that commercializes the Deep Green system to generate electricity from slow tidal and ocean currents using a turbine-driven platform. Founded in 2007 by Magnus Landberg, it is headquartered in Gothenburg and operates projects in Sweden, Wales, and Northern Ireland.

Enoware

Seed Round in 2015
Enoware specializes in mobile sensor systems designed for the geothermal energy sector. The company offers a miniaturized geothermal measuring capsule that enhances the efficiency and quality of geothermal probes. Its technology allows users to access vital environmental data through an online portal and smartphone application, facilitating system monitoring, optimization, and operational safety. With over 300,000 geothermal probes currently in operation in Germany and an annual addition of 20,000 new systems, Enoware is positioned to expand its customer base and contribute to the growing demand for sustainable energy solutions.

Sadako Technologies

Seed Round in 2015
Sadako Technologies, S.L. is a company based in L'Hospitalet de Llobregat, Spain, that specializes in artificial intelligence and robotics for waste management. Founded in 2012, the company develops advanced software solutions and devices designed to enhance waste processing through deep learning and computer vision technologies. Their innovative system incorporates proprietary algorithms and a multi-layer neural network, enabling robots to accurately sort and manage complex waste streams. This technology aims to improve the efficiency of waste treatment facilities and contribute to a cleaner, more sustainable environment. Sadako Technologies is recognized for its commitment to innovation, having received the “Seal of Excellence Certificate” from Horizon 2020 and accreditation as an “Innovative SME” by the Spanish Ministry of Economy. The company's name pays tribute to Sadako Sasaki, a symbol of courage and hope, reflecting the company's values and mission to create impactful solutions for society.

AEInnova

Private Equity Round in 2014
AEInnova develops autonomous industrial monitoring devices for predictive maintenance. Its flagship device InduEye is battery-free, self-powered, and capable of edge computing for real-time vibration, thermal, and steam-trap monitoring, powered by waste heat with optional solar or wind energy. It uses LoRaWAN or NB-IoT/LTE-CAT M for communications and streams data to cloud dashboards with analytics, alarms, and environmental impact analysis. The system aims to reduce downtime and maintenance costs through non-invasive, self-sustaining monitoring. Certifications include CE and ATEX/IECEX, with FCC ongoing. The technology is deployed across sectors such as oil and gas, aluminium, steel, paper, rubber, water treatment, and energy, with customers including Repsol, Cepsa, ArcelorMittal, Enel, and others. AEInnova has been recognized as a leading EU scale-up with multiple awards and EC funding, and participates in EU R&D initiatives related to energy harvesting and high-temperature IoT.
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