Valdis Dombrovskis

Vice President

Pearse O'Donohue

Director for the Future Networks, DG CONNECT

Past deals in Electric Vehicle

AESC Group

Grant in 2025
AESC Group is a leading manufacturer of lithium-ion batteries, specializing in automotive applications. Founded as a joint venture between Nissan and NEC Group, AESC has been producing batteries for electric and hybrid vehicles since 2010. Their products are renowned for their performance, quality, and reliability, powering numerous vehicles worldwide. AESC is committed to sustainability, employing carbon-neutral manufacturing processes. The company aims to improve battery quality, reduce costs, and increase energy density, contributing to the global shift towards cleaner transportation and energy storage solutions.

Vulcan Energy Resources

Grant in 2024
Vulcan Energy Resources, established in 2018 and headquartered in Perth, Australia, is a mineral exploration company primarily focused on lithium extraction. It operates in Europe, with projects in Norway and Germany. Vulcan's unique approach involves using renewable geothermal energy to power its lithium extraction process, aiming to produce lithium hydroxide with a zero carbon footprint. This process also generates a renewable energy by-product, further decarbonizing the supply chain. In addition to lithium, Vulcan also explores for other minerals such as copper, zinc, gold, and silver.

Aura Aero

Grant in 2024
Aura Aero is a manufacturer focused on designing and producing eco-efficient aircraft to support the decarbonization of air transport. The company develops low-carbon vehicles equipped with advanced safety features, including a whole rescue parachute system, anti-crash seats, and anti-crash fuel tanks. Their aircraft are designed with a two-seater configuration and side-by-side taildragger landing gears, aiming to enhance operational efficiency within the aeronautical industry. Through its innovative approach, Aura Aero seeks to contribute significantly to reducing the environmental impact of aviation.

FREYR

Grant in 2024
FREYR AS is a Norwegian company based in Mo i Rana that specializes in the production and sale of lithium-ion battery cells for electric vehicles and energy storage. The company aims to offer clean battery solutions with high density and competitive pricing while maintaining a reduced carbon footprint. In addition to its core focus on electric mobility and stationary energy storage, FREYR is exploring opportunities in marine transportation and aviation markets. The company also operates a 600 MW wind park in Norway, supporting its commitment to renewable energy and sustainability.

NEL Hydrogen

Grant in 2024
Nel ASA is a leading hydrogen company based in Norway, specializing in the production, storage, and distribution of hydrogen derived from renewable energy sources. The company operates through several segments, primarily focusing on hydrogen fueling stations and electrolyzers. Its H2Station technology offers efficient fueling solutions for fuel cell electric vehicles, ensuring fast refueling and long ranges comparable to conventional vehicles. Nel ASA also manufactures hydrogen generation plants utilizing advanced water electrolysis technology, catering to various industrial applications and energy systems globally. With a strong emphasis on delivering comprehensive hydrogen solutions, the company serves diverse sectors, including industries and energy firms, positioning itself as a key player in the transition to sustainable energy. Founded in 1927 and originally known as DiaGenic ASA, it rebranded in 2014 and maintains headquarters in Oslo while operating facilities in Notodden and Porsgrunn.

algoWatt

Post in 2023
algoWatt specializes in designing, developing, and integrating solutions for the management of energy and natural resources, emphasizing sustainability and social responsibility. The company focuses on providing management and control systems that combine devices, networks, software, and services across several sectors, including digital energy and utilities, smart cities and enterprises, and green mobility. Its product offerings include various solutions such as building energy management systems, invoicing and metering tools, and geographic information systems. algoWatt emerged from the merger of TerniEnergia, known for its expertise in renewable energy and environmental services, and Softeco, a seasoned IT solution provider with extensive experience in the energy, industrial, and transportation sectors.

Verkor

Grant 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.

Zunder

Grant in 2023
Zunder is an electric vehicle charging company focused on developing a comprehensive network of charging stations for electric car drivers. The company offers semi-fast and fast chargers, allowing users to charge their vehicles with convenience comparable to traditional gasoline cars. Additionally, Zunder provides a mobile application that facilitates the registration of charging requests, manages charging points, and supports payment processing. This application enables clients to effectively plan their routes and book charging sessions, enhancing the overall experience for electric vehicle users.

Vianode

Grant in 2023
Vianode specializes in the development of sustainable anode graphite solutions specifically for the battery industry, with a strong emphasis on enhancing the performance and sustainability of electric vehicle batteries. The company produces a variety of synthetic graphite products that offer unique performance characteristics and are manufactured with significantly lower CO2 emissions compared to conventional materials. Vianode is also committed to recycling initiatives, having recently introduced a product that incorporates recycled graphite, thereby supporting a low-emission battery ecosystem. Through its focus on sustainability and technological advancements, Vianode contributes to the transition toward greener energy solutions in the electric vehicle sector.

Sono Motors

Grant in 2023
Sono Motors GmbH, founded in 2016 and headquartered in Munich, Germany, specializes in solar-powered electric mobility. The company is focused on designing and developing its first solar electric vehicle, the Sion, which is anticipated to launch in Europe in 2024. Utilizing proprietary solar technology, Sono Motors integrates solar panels into vehicle bodywork, allowing energy captured from sunlight to charge the vehicle's battery. In addition to the Sion, the company is actively working on applying its solar technology across various vehicle types, including buses, trucks, camper vans, and trains, aiming to enhance range, reduce fuel costs, and minimize CO2 emissions. Through these efforts, Sono Motors is contributing to the advancement of climate-friendly mobility solutions.

Everfuel

Grant in 2022
Everfuel Denmark A/S is a green hydrogen company based in Herning, Denmark, specializing in the production and sale of green hydrogen fuel across several European countries, including Denmark, Norway, Sweden, the Netherlands, Germany, and Belgium. Founded in 2017, the company serves a diverse range of applications, providing hydrogen fueling solutions for heavy-duty vehicles such as buses, trucks, and taxis, as well as marine vessels and private cars. Everfuel operates hydrogen production facilities, distribution networks, and fueling stations, ensuring accessibility for both mobility customers and industrial stakeholders involved in alternative hydrogen-based fuels and Power to X products. By collaborating with vehicle manufacturers, Everfuel aims to enhance the hydrogen value chain and offer competitive, long-term contracts to enterprise customers.

DRONAMICS

Grant in 2022
Dronamics is a developer of advanced unmanned aerial systems aimed at transforming airfreight logistics. By creating a new type of small, unmanned cargo airplane that is highly fuel-efficient, Dronamics aims to democratize shipping in emerging markets. The aircraft can transport payloads of 350 kilograms over distances of 2,500 kilometers at costs significantly lower than traditional air transport, reducing shipping expenses by over 50%. Designed for autonomous flight, the aircraft can be remotely monitored and managed via satellite, making it suitable for challenging delivery scenarios, including remote and mountainous regions. As the first and only Strategic Partner for drones recognized by IATA, Dronamics is positioned to make a substantial impact in the commercial logistics sector.

FORVIA

Grant in 2022
FORVIA is an automotive technology group based in Nanterre, France, specializing in vehicle interiors and emission control technologies aimed at promoting sustainable mobility. Founded in 1997, the company collaborates closely with automakers to develop vehicles that are cleaner, lighter, more comfortable, and highly customizable. Through its innovative solutions, FORVIA seeks to enhance the driving experience while addressing environmental challenges in the automotive industry.

Be Charge

Grant in 2022
Be Charge is developing one of Italy's largest and most extensive public infrastructure networks for electric vehicles.

Kraftwerk Group

Grant in 2019
Kraftwerk Group is a German renewable energy company founded in 2016, specializing in the development of advanced fuel cells that convert various fuels—such as natural gas, liquified gas, gasoline, and kerosene—into electricity. These fuel cells are designed for a diverse array of applications, including transportation solutions like e-bikes, passenger vehicles, light commercial vehicles, motorhome RVs, and medium-duty trucks. Additionally, Kraftwerk's technology supports stationary and portable systems, making it suitable for small and mid-size applications, emergency power, waste-to-energy projects, and IoT charging solutions. The company is also known for manufacturing nanocoated full metallic tubes, which are integral to building compact and efficient fuel cells for mobile use.

Quaternium

Grant in 2018
Quaternium is the leader company for hybrid multirotor drones for commercial applications. This company became the first to develop a hybrid fuel-electric drone, in 2014, and set the World Record of Endurance with a flight of 8 hours and 10 minutes.

Kraftwerk Group

Grant in 2017
Kraftwerk Group is a German renewable energy company founded in 2016, specializing in the development of advanced fuel cells that convert various fuels—such as natural gas, liquified gas, gasoline, and kerosene—into electricity. These fuel cells are designed for a diverse array of applications, including transportation solutions like e-bikes, passenger vehicles, light commercial vehicles, motorhome RVs, and medium-duty trucks. Additionally, Kraftwerk's technology supports stationary and portable systems, making it suitable for small and mid-size applications, emergency power, waste-to-energy projects, and IoT charging solutions. The company is also known for manufacturing nanocoated full metallic tubes, which are integral to building compact and efficient fuel cells for mobile use.

TransfoElectric

Grant in 2014
TransfoElectric is a high-tech startup located in Riga, Latvia, specializing in wireless charging technology for electric vehicles. The company focuses on developing innovative wireless power transfer methods, offering solutions that include home chargers, public wireless charging stations, and receiver modules for electric vehicles. Additionally, TransfoElectric is working on dynamic wireless charging spots for en-route use and wireless charging surfaces for various consumer products. By providing accessible cordless energy solutions, the company aims to enhance the convenience and efficiency of electric vehicle charging and other applications.
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