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 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

Past deals in Industrial Machinery

Kerionics

Venture Round in 2024
Kerionics is a technology-based company focused on the development and production of ceramic membrane modules designed for the separation of oxygen from air. The company specializes in research and development within the fields of chemical engineering and ceramic technology, leveraging its innovations to benefit industries that have high oxygen consumption. Kerionics aims to address the needs of sectors such as ceramics, glassmaking, metallurgy, petrochemicals, and oil refining, helping these industries reduce costs associated with oxygen generation and supply. By utilizing residual heat from thermal combustion processes, Kerionics' technology enhances energy efficiency, lowers fuel expenses, and improves product competitiveness for its clients.

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.

Tribonex

Venture Round in 2024
Tribonex is a company that focuses on surface treatments and coatings specifically designed for automotive and industrial components. It has developed a friction and wear reduction technology aimed at enhancing the performance of machines and vehicles by improving efficiency and minimizing operational losses. This technology is characterized by its ease of implementation and favorable cost-benefit ratio, allowing for seamless integration into most existing production processes. By enabling manufacturers to adopt advanced solutions, Tribonex helps them deliver improved performance at competitive prices.

LignEasy

Grant in 2024
LignEasy specializes in a low-impact, sulfuric acid-free lignin recovery solution designed specifically for kraft pulp mills. This innovative technology recovers valuable byproducts without disrupting chemical balance or productivity.

ecop Technologies GmbH

Venture Round in 2024
ECOP Technologies GmbH is a high-tech company based in Vienna, Austria, specializing in the development of innovative heat pump technology for industrial heating and cooling applications. Founded in 2007, the company manufactures rotation heat pumps that utilize a novel, multi-patented technology, allowing for energy recovery while minimizing environmental impact and reducing costs. These heat pumps operate efficiently at high temperatures without the need for refrigerants, employing a rotational compression method that enhances overall performance. ECOP has production facilities in Upper Austria and a state-of-the-art development center in Vienna. The company has received multiple accolades for its contributions to environmental technology, including the European Commission's European Environmental Award and the State Prize for Environmental Technology.

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.

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.

Circular Industries

Venture Round in 2023
Circular Industries is a project developer focused on urban mining, specializing in the extraction of critical raw materials. The company utilizes proven technologies to maximize the recovery of these materials from existing waste streams, ensuring efficient and environmentally friendly processes. By emphasizing innovation, Circular Industries aims to provide industries with essential raw materials while eliminating toxic emissions and reducing the generation of new waste. Through its commitment to sustainable resource recovery, Circular Industries plays a vital role in promoting a circular economy.

Tribonex

Seed Round in 2023
Tribonex is a company that focuses on surface treatments and coatings specifically designed for automotive and industrial components. It has developed a friction and wear reduction technology aimed at enhancing the performance of machines and vehicles by improving efficiency and minimizing operational losses. This technology is characterized by its ease of implementation and favorable cost-benefit ratio, allowing for seamless integration into most existing production processes. By enabling manufacturers to adopt advanced solutions, Tribonex helps them deliver improved performance at competitive prices.

ecop Technologies GmbH

Funding Round in 2022
ECOP Technologies GmbH is a high-tech company based in Vienna, Austria, specializing in the development of innovative heat pump technology for industrial heating and cooling applications. Founded in 2007, the company manufactures rotation heat pumps that utilize a novel, multi-patented technology, allowing for energy recovery while minimizing environmental impact and reducing costs. These heat pumps operate efficiently at high temperatures without the need for refrigerants, employing a rotational compression method that enhances overall performance. ECOP has production facilities in Upper Austria and a state-of-the-art development center in Vienna. The company has received multiple accolades for its contributions to environmental technology, including the European Commission's European Environmental Award and the State Prize for Environmental Technology.

EMPYRIO

Seed Round in 2022
EMPYRIO develops an on-site moisture organic waste system that pre-dries and then burns high-moisture organic waste autonomously, creating a self-sustaining cycle that does not rely on external energy or raw materials. The process uses the generated heat to dry incoming wet waste, enabling continuous utilization. Designed for small and medium-sized wastewater treatment plants, the system eliminates the need for transporting sewage sludge to off-site facilities, reducing operational costs and regulatory complexity. By treating waste at the source, facilities gain cost predictability and avoid external processing. The modular, compact design fits into standard containers, allowing seamless integration with existing infrastructure and straightforward scalability. The technology is well-suited for challenging high-moisture and viscous wastes such as sewage sludge and poultry litter, delivering energy-efficient waste management and improved environmental compliance.

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.

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.

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.

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.

HYGEN

Seed Round in 2015
HYGEN is an innovative company that specializes in developing home fueling appliances designed to enhance the use of natural gas vehicles (NGVs). By utilizing its patented liquid piston gas compression technology, the company offers a supercharger that allows users to refuel gas-powered vehicles at home or in the office within just three minutes. This technology addresses challenges in the NGV market by transforming the existing gas distribution grid into a decentralized fueling infrastructure. HYGEN's appliances not only eliminate maintenance and operational inefficiencies but also extend the service life of gas compression systems and significantly reduce the total cost of ownership. Through its solutions, HYGEN enables gas utilities to enter the transportation fuel market by providing clean and affordable fuel options directly to consumers, thus modernizing the perception of NGVs and promoting a more appealing alternative to conventional fueling methods.

ecop Technologies GmbH

ECOP Technologies GmbH is a high-tech company based in Vienna, Austria, specializing in the development of innovative heat pump technology for industrial heating and cooling applications. Founded in 2007, the company manufactures rotation heat pumps that utilize a novel, multi-patented technology, allowing for energy recovery while minimizing environmental impact and reducing costs. These heat pumps operate efficiently at high temperatures without the need for refrigerants, employing a rotational compression method that enhances overall performance. ECOP has production facilities in Upper Austria and a state-of-the-art development center in Vienna. The company has received multiple accolades for its contributions to environmental technology, including the European Commission's European Environmental Award and the State Prize for Environmental Technology.
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