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

Co-CEO, France and Executive Board Member

Lowina Lundström

CEO

Past deals in Electric Vehicle

Swobbee

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

Cascade Drives

Venture Round in 2024
Cascade Drives AB, founded in 2014 and based in Stockholm, Sweden, specializes in manufacturing high-performance electromechanical actuators and power density solutions. The company's innovative cdGear technology enables the design of powerful linear drives that serve as hydraulic replacements in electric vehicles. Cascade Drives' product lineup includes CASCADE POWER, an electromechanical linear actuator for electric forklifts; CASCADE STEERING, a drive-by-wire electrical steering system for heavy-duty vehicles; and CASCADE TORQUE, a gearbox utilized in wind turbines and in-wheel propulsion systems. These products are engineered for application in various sectors, including mining vehicles, material handling, commercial trucks and buses, as well as tow tractors and airplane tugs. By focusing on eco-friendly and cost-efficient solutions, Cascade Drives aims to enhance operational efficiency while reducing energy consumption and downtime for its customers.

Wattalps

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

TaiSan

Pre Seed Round in 2024
TaiSan is a company focused on the development of innovative battery materials, specifically proprietary quasi-solid gel polymer electrolytes and sodium-potassium metal anodes. These advancements facilitate the creation of quasi-solid-state sodium batteries, which offer superior energy density compared to traditional battery technologies. TaiSan collaborates with battery manufacturers and automotive original equipment manufacturers (OEMs) to scale its technology, having signed 19 non-binding memoranda of understanding. The company's electrolyte and anode materials enhance the performance of sodium batteries, enabling faster charging, minimizing dendrite growth that can limit battery cycle life, and reducing leakage and fire risks. TaiSan's contributions aim to support the automotive industry's transition to more efficient and safer electric vehicles.

ElevenEs

Venture Round in 2024
ElevenEs is a renewable energy semiconductor manufacturing company specializing in lithium battery technologies. It develops innovative lithium iron phosphate cathode technology that aims to provide safer and more affordable batteries with an extended number of use cycles compared to traditional ternary lithium batteries. The company's advanced cell-to-pack technology enhances energy density at the battery pack level, reducing cost-per-cycle and making its products suitable for a variety of applications, including electric vehicles, buses, trucks, and home storage systems. By focusing on affordability, durability, and sustainability, ElevenEs positions itself as a key player in the renewable energy sector.

GDI

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

Verkor

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

Mob-Energy

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

ZPARQ

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

GDI

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

Basquevolt

Seed Round in 2022
Basquevolt is a developer of solid-state lithium battery technology, focusing on applications for electric vehicles, aviation, stationary energy storage, and electronic devices. The company is committed to creating sustainable and safe battery solutions that are cost-competitive, significantly enhancing energy density to reach 500 Wh/kg. By developing advanced materials and battery cells, Basquevolt aims to facilitate the mass deployment of electric transportation and stationary energy storage systems, including hybrid systems that integrate hydrogen-gas technology. Its innovations are designed to democratize electrification, enabling clients across various sectors to benefit from energy-efficient and economically viable battery solutions.

The Batteries

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

Swobbee

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

Gleam

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

Skeleton Technologies

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

Ducktrain

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

Avocargo

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

ElevenEs

Seed Round in 2021
ElevenEs is a renewable energy semiconductor manufacturing company specializing in lithium battery technologies. It develops innovative lithium iron phosphate cathode technology that aims to provide safer and more affordable batteries with an extended number of use cycles compared to traditional ternary lithium batteries. The company's advanced cell-to-pack technology enhances energy density at the battery pack level, reducing cost-per-cycle and making its products suitable for a variety of applications, including electric vehicles, buses, trucks, and home storage systems. By focusing on affordability, durability, and sustainability, ElevenEs positions itself as a key player in the renewable energy sector.

Verkor

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

Northvolt

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.

DUCKT

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

Gleam

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

Ducktrain

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

Scoobic

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

Skeleton Technologies

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

ONO

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

Elaphe

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

Enervalis

Series A in 2020
Enervalis is a software development company that specializes in sustainable energy solutions for electric vehicles, buildings, and microgrids. Its innovative energy management platform monitors various energy sources and user behavior, utilizing advanced technologies such as artificial intelligence and big data to predict future energy demand and supply. The platform optimizes energy efficiency by providing insights into energy flows and maintenance needs, allowing for the integration of locally-produced renewable energy from sources like solar, wind, and geothermal. Furthermore, Enervalis enables users, including electricity producers and storage providers, to manage their energy consumption effectively through a centralized dashboard, which helps reduce excess energy usage and lower energy costs. By promoting the efficient distribution of energy, Enervalis contributes to a more sustainable energy ecosystem.

DUCKT

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

Gleam

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

Mob-Energy

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

Kumpan Electric

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

Cascade Drives

Seed Round in 2020
Cascade Drives AB, founded in 2014 and based in Stockholm, Sweden, specializes in manufacturing high-performance electromechanical actuators and power density solutions. The company's innovative cdGear technology enables the design of powerful linear drives that serve as hydraulic replacements in electric vehicles. Cascade Drives' product lineup includes CASCADE POWER, an electromechanical linear actuator for electric forklifts; CASCADE STEERING, a drive-by-wire electrical steering system for heavy-duty vehicles; and CASCADE TORQUE, a gearbox utilized in wind turbines and in-wheel propulsion systems. These products are engineered for application in various sectors, including mining vehicles, material handling, commercial trucks and buses, as well as tow tractors and airplane tugs. By focusing on eco-friendly and cost-efficient solutions, Cascade Drives aims to enhance operational efficiency while reducing energy consumption and downtime for its customers.

Gleam

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

Hardt Hyperloop

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

Ferroamp Elektronik

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

Place to Plug

Convertible Note in 2015
Place to Plug is an innovative electric vehicle (EV) charging platform that utilizes artificial intelligence and blockchain technology to facilitate connections between EV drivers and charging points. The company aims to create a comprehensive global charging network by integrating various public and private charging stations into a single, collaborative platform. This user-friendly system allows drivers to easily locate, book, and access charging points without needing to be direct customers of specific charging operators. Place to Plug is focused on enhancing the EV charging experience and aspires to become a leading referral platform for electric vehicle charging worldwide.

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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