EIT InnoEnergy

Founded in 2010 and based in Eindhoven, Netherlands, EIT InnoEnergy is a leading innovation engine focused on sustainable energy. The company operates with a mission to support the growth of early-stage companies in sectors such as climate technology, clean technology, mobility, and the Internet of Things. EIT InnoEnergy invests primarily in seed and early-stage businesses, aiming to enhance their potential through value-added services that mitigate risks and accelerate development. With offices across Europe and the United States, the firm is committed to fostering innovation in the energy sector to drive sustainable solutions.

Mikel Lasa

Managing Director

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

CEO

Lowina Lundström

CEO

Past deals in Electric Vehicle

Swobbee

Venture Round in 2024
Swobbee is a Berlin-based startup focused on commercializing battery swapping for micro-mobility vehicles. The company has developed an infrastructure that features battery exchange stations, functioning as a "gas station" for light electric vehicles (LEVs). By providing a user-friendly application, Swobbee allows users to swap empty batteries for fully charged ones, ensuring the constant availability of fully charged batteries at an affordable price. This innovative solution addresses the challenges faced by shared micro and light electric fleets, making it easier for users to access energy on demand as per their needs.

Cascade Drives

Venture Round in 2024
Cascade Drives AB, founded in 2014 and based in Stockholm, Sweden, specializes in manufacturing advanced power density cdGear-based solutions. The company's product lineup includes the CASCADE POWER electromechanical linear actuator, designed for electric forklifts; the CASCADE STEERING drive-by-wire electrical steering system for heavy-duty vehicles; and the CASCADE TORQUE gearbox, which is utilized in wind turbines and in-wheel propulsion systems. Cascade Drives focuses on delivering high-performing, eco-friendly, and cost-efficient solutions for industries such as mining, material handling, commercial transportation, and aircraft ground support. Their innovative technology allows for powerful linear drives that serve as efficient hydraulic replacements in electric vehicles, ultimately enhancing operational efficiency and reducing energy consumption for their customers.

Wattalps

Series A in 2024
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.

TaiSan

Pre Seed Round in 2024
TaiSan is a company focused on developing innovative battery materials, specifically proprietary quasi-solid gel polymer electrolytes and sodium-potassium metal anodes that facilitate the creation of quasi-solid-state sodium batteries. This technology significantly enhances energy density, making it particularly suitable for battery electric vehicles. By collaborating with battery and automotive original equipment manufacturers, TaiSan aims to scale its technology, having already established 19 non-binding memoranda of understanding. The company's advancements contribute to faster charging capabilities, reduced dendrite growth that can compromise battery life, and minimized risks associated with leakage and fire.

ElevenEs

Venture Round in 2024
ElevenEs is a renewable energy semiconductor manufacturing company specializing in battery technology. It develops lithium iron phosphate cathodes, offering a safer and more affordable alternative to conventional ternary lithium batteries. The company's innovations include advanced cell-to-pack technology, which enhances energy density and reduces cost-per-cycle, making its batteries suitable for electric vehicles, buses, trucks, and home storage systems. By focusing on durability and sustainability, ElevenEs aims to provide clients with high-quality batteries that meet the growing demand for efficient energy solutions.

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 producing low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly smaller carbon footprint compared to traditional options, which not only reduces overall emissions but also lowers logistics costs. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with affordable battery solutions that align with sustainability goals.

Mob-Energy

Series A in 2023
Mob-Energy is a privately held company founded in 2018 and based in Villeurbanne, Auvergne-Rhône-Alpes. The company specializes in developing innovative mobile charging solutions for electric vehicles. Its autonomous charging robots are designed to optimize existing infrastructure by storing energy in second-life batteries installed in parking facilities. These robots can autonomously move to vehicles that request a charge, providing a convenient and efficient way for clients to power their parked cars. Through its technology, Mob-Energy aims to enhance the accessibility and usability of electric vehicle charging systems.

ZPARQ

Seed Round in 2023
Zparq designs and manufactures marine electric propulsion products, specializing in compact and scalable direct-drive systems for propeller-driven watercraft. Their technology aims to enhance marine electric propulsion by minimizing underwater drag and reducing production costs, while also featuring fewer failure points. This innovative approach enables clients in both the leisure boat and commercial vessel sectors to access efficient electric motor solutions, promoting sustainability and performance in marine applications.

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 is a developer of solid-state lithium battery technology aimed at enhancing the electrification of various sectors, including electric vehicles, aviation, stationary energy storage, and electronic devices. The company's innovative batteries are designed to provide a sustainable and safe alternative, featuring a high energy density of 500 Wh/kg, which can significantly improve performance and efficiency. By focusing on the development of superior materials and battery cells, Basquevolt seeks to facilitate the mass adoption of electric transportation, integrate with hydrogen-gas systems for stationary energy storage, and support advanced portable devices. This cost-competitive technology positions Basquevolt as a key player in the transition toward more efficient and environmentally friendly energy solutions.

The Batteries

Series A in 2022
The Batteries, founded in 2015 by a team of experienced engineers and managers, specializes in the design and manufacturing of advanced thin-film batteries. With over 15 years of expertise in vacuum-based equipment and in-line technological processes, the company focuses on delivering high-quality, cost-efficient manufacturing solutions. Its rechargeable batteries offer significant advantages over conventional lithium-ion batteries, including more than double the energy density, enhanced durability in aggressive environments, and rapid charging capabilities without the risks of fire or explosion. This combination of technological innovation and economic efficiency positions The Batteries as a reliable provider of alternative energy resources for various industries.

Swobbee

Series A in 2022
Swobbee is a Berlin-based startup focused on commercializing battery swapping for micro-mobility vehicles. The company has developed an infrastructure that features battery exchange stations, functioning as a "gas station" for light electric vehicles (LEVs). By providing a user-friendly application, Swobbee allows users to swap empty batteries for fully charged ones, ensuring the constant availability of fully charged batteries at an affordable price. This innovative solution addresses the challenges faced by shared micro and light electric fleets, making it easier for users to access energy on demand as per their needs.

Gleam

Seed Round in 2022
GLEAM, founded by Mario Eibl in 2013, specializes in developing modular light electric vehicle platforms, initially inspired by the need for efficient urban delivery solutions. The company manufactures cargo e-bikes designed to facilitate car-independent and emission-free urban transportation. These e-bikes feature ample cargo space, an electric engine that produces no local emissions, and advanced suspension systems for enhanced control in urban traffic. Currently, GLEAM offers one core vehicle in the "Pedelec" category, with plans to expand its product line to include higher-speed models in 2024. By focusing on innovative design and functionality, GLEAM aims to support 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.

Avocargo

Seed Round in 2021
Avocargo specializes in providing shared electric cargo bike services tailored for urban users. Through an online platform, the company allows individuals to rent cargo bikes conveniently from various locations within its service areas. This service enables users to transport goods efficiently, promoting a hassle-free experience in urban logistics. By offering flexible access to these cargo bikes, Avocargo addresses the growing demand for sustainable and convenient transportation solutions in cities.

ElevenEs

Seed Round in 2021
ElevenEs is a renewable energy semiconductor manufacturing company specializing in battery technology. It develops lithium iron phosphate cathodes, offering a safer and more affordable alternative to conventional ternary lithium batteries. The company's innovations include advanced cell-to-pack technology, which enhances energy density and reduces cost-per-cycle, making its batteries suitable for electric vehicles, buses, trucks, and home storage systems. By focusing on durability and sustainability, ElevenEs aims to provide clients with high-quality batteries that meet the growing demand for efficient energy solutions.

Verkor

Venture Round in 2021
Verkor is a manufacturer of battery cells dedicated to producing low-carbon batteries to meet the rising demand for electric vehicles. The company emphasizes the development of batteries that have a significantly smaller carbon footprint compared to traditional options, which not only reduces overall emissions but also lowers logistics costs. By utilizing carbon-free electricity in its production processes, Verkor aims to provide businesses with affordable battery solutions that align with sustainability goals.

Northvolt

Venture Round in 2021
Northvolt AB, founded in 2016 and headquartered in Stockholm, Sweden, specializes in the manufacturing of sustainable lithium-ion batteries primarily for the renewable energy and transportation sectors. The company designs and produces a range of battery solutions, including cells, custom cells, and complete battery systems, tailored to meet specific requirements in terms of chemistry and form factor. Northvolt's commitment to sustainability is evident in its eco-friendly manufacturing processes, which ensure a minimal carbon footprint and incorporate advanced recycling technologies. By focusing on the development of high-quality, sustainable battery cells and systems, Northvolt aims to support the electrification of various markets, including automotive, grid storage, industrial applications, and micromobility, facilitating the transition away from fossil fuels towards cleaner energy sources.

Gleam

Seed Round in 2021
GLEAM, founded by Mario Eibl in 2013, specializes in developing modular light electric vehicle platforms, initially inspired by the need for efficient urban delivery solutions. The company manufactures cargo e-bikes designed to facilitate car-independent and emission-free urban transportation. These e-bikes feature ample cargo space, an electric engine that produces no local emissions, and advanced suspension systems for enhanced control in urban traffic. Currently, GLEAM offers one core vehicle in the "Pedelec" category, with plans to expand its product line to include higher-speed models in 2024. By focusing on innovative design and functionality, GLEAM aims to support sustainable urban mobility.

Scoobic

Seed Round in 2020
Scoobic Group designs and manufactures multi-purpose electric vehicles specifically tailored for last-mile delivery in urban environments. These vehicles are customized for sustainable mobility, featuring attributes such as easy parking, substantial load capacity, and efficient autonomy. By prioritizing balanced loads and eco-friendly designs, Scoobic enables businesses to enhance their transportation capabilities while minimizing their carbon footprint. This focus on sustainability and efficiency positions Scoobic as a key player in the evolving landscape of 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 specializes in the development and manufacturing of in-wheel electric motor technology for electric and hybrid vehicles. This innovative approach enables vehicle manufacturers to explore new design possibilities and address evolving mobility needs. By focusing on distributed direct drive architecture, Elaphe aims to enhance efficiency and reduce environmental impact, potentially saving millions of tons of raw materials, energy, and carbon emissions annually. The company has successfully produced multiple generations of in-wheel motor prototypes, which are currently undergoing testing on various vehicles, serving as showcases for potential customers. Elaphe is also positioned to meet the demands of serial production for Tier 1 suppliers and original equipment manufacturers. In addition to its core technology, Elaphe has extensive expertise in renewable energy and electric mobility, bolstered by strategic research collaborations that have facilitated networking within the industry.

Enervalis

Series A in 2020
Enervalis specializes in developing software that offers sustainable energy solutions tailored for electric vehicles, buildings, and microgrids. The company's energy management platform efficiently monitors diverse energy sources and user behaviors, leveraging weather forecasts, user inputs, and advanced analytics to anticipate future energy demand and supply. By optimizing energy consumption towards locally produced green energy, such as solar, wind, and other renewable sources, Enervalis enables users to manage their energy assets from a centralized dashboard. This comprehensive approach allows electricity producers, storage providers, and consumers to effectively monitor and control their energy usage, ultimately reducing energy costs and promoting energy efficiency.

Gleam

Seed Round in 2020
GLEAM, founded by Mario Eibl in 2013, specializes in developing modular light electric vehicle platforms, initially inspired by the need for efficient urban delivery solutions. The company manufactures cargo e-bikes designed to facilitate car-independent and emission-free urban transportation. These e-bikes feature ample cargo space, an electric engine that produces no local emissions, and advanced suspension systems for enhanced control in urban traffic. Currently, GLEAM offers one core vehicle in the "Pedelec" category, with plans to expand its product line to include higher-speed models in 2024. By focusing on innovative design and functionality, GLEAM aims to support sustainable urban mobility.

Mob-Energy

Seed Round in 2020
Mob-Energy is a privately held company founded in 2018 and based in Villeurbanne, Auvergne-Rhône-Alpes. The company specializes in developing innovative mobile charging solutions for electric vehicles. Its autonomous charging robots are designed to optimize existing infrastructure by storing energy in second-life batteries installed in parking facilities. These robots can autonomously move to vehicles that request a charge, providing a convenient and efficient way for clients to power their parked cars. Through its technology, Mob-Energy aims to enhance the accessibility and usability of electric vehicle charging systems.

Kumpan Electric

Venture Round in 2020
Kumpan Electric, also known as e-bility GmbH, is a manufacturer specializing in electric scooters and e-mobility solutions, as well as portable energy storage systems, all produced in Europe. The company develops and sells stylish electric vehicles capable of speeds ranging from 20 to 120 km/h, catering to individual consumers, fleet operators, and sharing companies. Kumpan Electric aims to promote sustainable transportation alternatives by offering flexible battery technology, enabling users to travel in an environmentally friendly manner while achieving zero emissions.

Cascade Drives

Seed Round in 2020
Cascade Drives AB, founded in 2014 and based in Stockholm, Sweden, specializes in manufacturing advanced power density cdGear-based solutions. The company's product lineup includes the CASCADE POWER electromechanical linear actuator, designed for electric forklifts; the CASCADE STEERING drive-by-wire electrical steering system for heavy-duty vehicles; and the CASCADE TORQUE gearbox, which is utilized in wind turbines and in-wheel propulsion systems. Cascade Drives focuses on delivering high-performing, eco-friendly, and cost-efficient solutions for industries such as mining, material handling, commercial transportation, and aircraft ground support. Their innovative technology allows for powerful linear drives that serve as efficient hydraulic replacements in electric vehicles, ultimately enhancing operational efficiency and reducing energy consumption for their customers.

Gleam

Pre Seed Round in 2018
GLEAM, founded by Mario Eibl in 2013, specializes in developing modular light electric vehicle platforms, initially inspired by the need for efficient urban delivery solutions. The company manufactures cargo e-bikes designed to facilitate car-independent and emission-free urban transportation. These e-bikes feature ample cargo space, an electric engine that produces no local emissions, and advanced suspension systems for enhanced control in urban traffic. Currently, GLEAM offers one core vehicle in the "Pedelec" category, with plans to expand its product line to include higher-speed models in 2024. By focusing on innovative design and functionality, GLEAM aims to support sustainable urban mobility.

Hardt Hyperloop

Venture Round in 2018
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.

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 electric vehicle (EV) charging platform that utilizes AI and blockchain technology to connect EV drivers with charging points. The platform aggregates a wide range of public and private charging locations, allowing users to easily find, book, and access these points without needing to be a direct customer of any specific operator. By creating a comprehensive and collaborative network, Place to Plug aims to simplify the charging process for EV drivers and enhance the overall charging experience, positioning itself as a leading referral platform in the global EV charging market.

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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