European Innovation Council

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

David Malo Jean

Director

Past deals in Electrical Equipment

BlueHeart Energy

Venture Round in 2025
BlueHeart Energy is a deep tech company focused on developing innovative green technologies to enhance heat pump performance. Utilizing thermoacoustics, the company generates sound waves within a closed circuit to produce heat and cold, marking a significant advancement as this technology is now being applied to residential heat pumps, previously limited to industrial applications. BlueHeart's products are designed to replace critical components in heat pumps, facilitating easy integration for original equipment manufacturers. The resulting heat pumps are versatile, silent, and cost-effective, suitable for both new and existing homes. Additionally, BlueHeart's technology is environmentally friendly, producing no CO2 emissions and eliminating the need for refrigerants, thus contributing to sustainable heating and cooling solutions.

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.

Limatech

Convertible Note in 2023
Limatech designs and manufactures lithium-ion batteries for aviation, space, and defense applications, supplying power for general and commercial aviation as well as defense platforms. Its batteries are deployed across aircraft, drones, and related platforms, supporting startup and operation of piston and turbine engines through proprietary technology that prioritizes safety, reliability, and long life. The company emphasizes energy storage options that are more readily available than traditional lead and nickel-cadmium systems, delivering lightweight, durable, high-performance power sources for customers in aviation, space, and defense sectors.

Wattalps

Debt Financing in 2023
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.

Fineheart

Series C in 2022
Fineheart is a France-based medical device company specializing in innovative technologies for cardiovascular care. It focuses on the development of implantable cardiac devices aimed at treating cardiovascular diseases. The company's flagship product is a novel, wirelessly powered, fully implantable mechanical circulatory support device. This device is designed to optimize cardiac output while preserving the heart's natural contractility, thereby enabling patients to restore normal cardiac function. Fineheart's technology aims to improve the quality of life for heart failure patients, allowing them to return to normal daily activities.

Fineheart

Grant in 2022
Fineheart is a France-based medical device company specializing in innovative technologies for cardiovascular care. It focuses on the development of implantable cardiac devices aimed at treating cardiovascular diseases. The company's flagship product is a novel, wirelessly powered, fully implantable mechanical circulatory support device. This device is designed to optimize cardiac output while preserving the heart's natural contractility, thereby enabling patients to restore normal cardiac function. Fineheart's technology aims to improve the quality of life for heart failure patients, allowing them to return to normal daily activities.

Vanevo

Grant in 2022
Vanevo GmbH, established in 2018 and located in Oldenburg, Germany, specializes in the development and production of components for redox flow batteries. The company focuses on creating stacks and modules designed to enhance the affordability and accessibility of electricity storage. Vanevo's innovative approach enables the storage of electrical energy in two tanks, allowing for efficient charging and discharging within the battery stacks. By offering economically durable solutions, Vanevo aims to provide users with cost-effective options for energy storage, addressing the growing demand for reliable and sustainable energy solutions.

Synergia Medical

Grant in 2022
Synergia Medical is a Belgium-based medical device company developing neurostimulation technologies. It advances an optoelectronic neurostimulator platform that integrates biomaterials, optical components, biosensors and microelectronics to enable implantable and potentially MRI-safe devices. The focus is on MRI-safe, implanted neurostimulators for drug-resistant epilepsy and other indications, with wires replaced by fiber optics and photovoltaic cells that convert light into electrical impulses. Founded in 2013 and headquartered in Mont-Saint-Guibert, the company pursues next-generation neurostimulation solutions, including its NAOS platform, and has pursued ISO13485 certification. Development is supported by private investors and public research grants, reflecting a multidisciplinary approach to bring novel neurostimulation devices to market.

Evoy

Venture Round in 2022
Evoy is a Norwegian manufacturer of electric propulsion systems for speedboats, founded in 2018 and headquartered in Florø, Sogn og Fjordane. The company designs inboard and outboard electric motors that replace traditional diesel and gasoline engines, significantly lowering maintenance and operating costs. These electric systems operate silently, minimizing noise pollution in marine environments while providing strong performance and responsiveness. Evoy's innovative technology enables ferry and tour operators to meet sustainability goals and adhere to regulatory requirements, enhancing their operational efficiency and environmental impact.

Evoy

Grant in 2022
Evoy is a Norwegian manufacturer of electric propulsion systems for speedboats, founded in 2018 and headquartered in Florø, Sogn og Fjordane. The company designs inboard and outboard electric motors that replace traditional diesel and gasoline engines, significantly lowering maintenance and operating costs. These electric systems operate silently, minimizing noise pollution in marine environments while providing strong performance and responsiveness. Evoy's innovative technology enables ferry and tour operators to meet sustainability goals and adhere to regulatory requirements, enhancing their operational efficiency and environmental impact.

Nuventura

Seed Round in 2022
Nuventura GmbH, founded in 2017 and based in Berlin, Germany, specializes in the design and development of gas-insulated switchgear (GIS) technology. The company has innovated a solution that replaces sulfur hexafluoride (SF6) with dry air, maintaining the advantages of traditional SF6 switchgear while significantly reducing greenhouse gas emissions. Nuventura's technology is compatible with existing IEC standards, allowing industries to effectively control, protect, and isolate electrical equipment while monitoring the health of the switchgear. This advancement positions Nuventura as a key player in promoting sustainable practices within the global energy sector.

Envola

Grant in 2022
Envola specializes in energy-efficient solutions, developing software and hardware for smart energy management, renewable resources, and storage. They design integrated systems for heating, cooling, ventilation, and hot water preparation, including heat pumps with integrated storage and networked storage systems.

Nuventura

Grant in 2022
Nuventura GmbH, founded in 2017 and based in Berlin, Germany, specializes in the design and development of gas-insulated switchgear (GIS) technology. The company has innovated a solution that replaces sulfur hexafluoride (SF6) with dry air, maintaining the advantages of traditional SF6 switchgear while significantly reducing greenhouse gas emissions. Nuventura's technology is compatible with existing IEC standards, allowing industries to effectively control, protect, and isolate electrical equipment while monitoring the health of the switchgear. This advancement positions Nuventura as a key player in promoting sustainable practices within the global energy sector.

Insolight

Grant in 2022
Insolight is an energy company founded in 2015 that specializes in the development and manufacturing of advanced solar panels. The company has achieved record efficiency levels of 29 percent for its solar modules, significantly lowering residential solar electricity costs. Insolight utilizes innovative optical technology that combines high efficiency with the ease of mounting similar to standard flat panels. The company has also demonstrated its capabilities through third-party validations, achieving 36 percent efficiency on lab prototypes and 29 percent on pre-industrial modules. Insolight's business model focuses on developing intellectual property, controlling wholesale distribution, and outsourcing manufacturing. Additionally, the company is engaged in creating photovoltaic systems aimed at reducing solar electricity costs in the agricultural sector, employing integrated tracking methods to optimize energy production based on the sun's position.

Wattalps

Venture Round in 2021
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.

Healium Medical

Venture Round in 2021
Healium Medical develops a contactless ultrasound ablation system for atrial fibrillation that enables circumferential pulmonary vein isolation with real-time lesion monitoring. The system uses an over-the-wire catheter with a proprietary ultrasound transducer positioned at the pulmonary vein ostium to deliver rapid, non-contact ablation and provide immediate feedback on lesion formation. The solution aims to simplify the procedure, shorten procedure time, and improve efficacy compared with traditional tissue-contact approaches. Founded in 2017, the company is headquartered in Yokneam Illit, Israel.

Healium Medical

Grant in 2021
Healium Medical develops a contactless ultrasound ablation system for atrial fibrillation that enables circumferential pulmonary vein isolation with real-time lesion monitoring. The system uses an over-the-wire catheter with a proprietary ultrasound transducer positioned at the pulmonary vein ostium to deliver rapid, non-contact ablation and provide immediate feedback on lesion formation. The solution aims to simplify the procedure, shorten procedure time, and improve efficacy compared with traditional tissue-contact approaches. Founded in 2017, the company is headquartered in Yokneam Illit, Israel.

BlueHeart Energy

Grant in 2021
BlueHeart Energy is a deep tech company focused on developing innovative green technologies to enhance heat pump performance. Utilizing thermoacoustics, the company generates sound waves within a closed circuit to produce heat and cold, marking a significant advancement as this technology is now being applied to residential heat pumps, previously limited to industrial applications. BlueHeart's products are designed to replace critical components in heat pumps, facilitating easy integration for original equipment manufacturers. The resulting heat pumps are versatile, silent, and cost-effective, suitable for both new and existing homes. Additionally, BlueHeart's technology is environmentally friendly, producing no CO2 emissions and eliminating the need for refrigerants, thus contributing to sustainable heating and cooling solutions.

Lekatech

Grant in 2021
Lekatech specializes in advancing linear electric technology specifically for industrial hammering applications. The company manufactures electric hammering machines tailored for mining operations, positioning itself as a key player in the transition to electric-powered equipment in the industry. By focusing on direct electric driving, Lekatech aims to facilitate a shift towards more sustainable practices, helping businesses reduce their carbon footprint during mining processes. Its innovative linear motor technology is designed to serve various end products, promoting efficiency and environmental responsibility in industrial operations.

Lekatech

Venture Round in 2021
Lekatech specializes in advancing linear electric technology specifically for industrial hammering applications. The company manufactures electric hammering machines tailored for mining operations, positioning itself as a key player in the transition to electric-powered equipment in the industry. By focusing on direct electric driving, Lekatech aims to facilitate a shift towards more sustainable practices, helping businesses reduce their carbon footprint during mining processes. Its innovative linear motor technology is designed to serve various end products, promoting efficiency and environmental responsibility in industrial operations.

Limatech

Seed Round in 2021
Limatech designs and manufactures lithium-ion batteries for aviation, space, and defense applications, supplying power for general and commercial aviation as well as defense platforms. Its batteries are deployed across aircraft, drones, and related platforms, supporting startup and operation of piston and turbine engines through proprietary technology that prioritizes safety, reliability, and long life. The company emphasizes energy storage options that are more readily available than traditional lead and nickel-cadmium systems, delivering lightweight, durable, high-performance power sources for customers in aviation, space, and defense sectors.

Wattalps

Grant in 2020
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.

Wattalps

Venture Round in 2020
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.

Heyday Integrated Circuits

Venture Round in 2020
Heyday Integrated Circuits is a semiconductor company that specializes in designing and selling isolated gate drivers tailored for the power electronics market. Utilizing CMOS silicon technology, the company's products are engineered to enhance performance by reducing switching losses and increasing reliability. These advancements enable clients to achieve improvements in efficiency, bill of materials (BOM) count, module size, and overall cost, while also minimizing module weight. Through its innovative solutions, Heyday Integrated Circuits aims to support the evolving needs of the power electronics industry.

Heyday Integrated Circuits

Grant in 2020
Heyday Integrated Circuits is a semiconductor company that specializes in designing and selling isolated gate drivers tailored for the power electronics market. Utilizing CMOS silicon technology, the company's products are engineered to enhance performance by reducing switching losses and increasing reliability. These advancements enable clients to achieve improvements in efficiency, bill of materials (BOM) count, module size, and overall cost, while also minimizing module weight. Through its innovative solutions, Heyday Integrated Circuits aims to support the evolving needs of the power electronics industry.

Limatech

Grant in 2020
Limatech designs and manufactures lithium-ion batteries for aviation, space, and defense applications, supplying power for general and commercial aviation as well as defense platforms. Its batteries are deployed across aircraft, drones, and related platforms, supporting startup and operation of piston and turbine engines through proprietary technology that prioritizes safety, reliability, and long life. The company emphasizes energy storage options that are more readily available than traditional lead and nickel-cadmium systems, delivering lightweight, durable, high-performance power sources for customers in aviation, space, and defense sectors.

Evoy

Grant in 2020
Evoy is a Norwegian manufacturer of electric propulsion systems for speedboats, founded in 2018 and headquartered in Florø, Sogn og Fjordane. The company designs inboard and outboard electric motors that replace traditional diesel and gasoline engines, significantly lowering maintenance and operating costs. These electric systems operate silently, minimizing noise pollution in marine environments while providing strong performance and responsiveness. Evoy's innovative technology enables ferry and tour operators to meet sustainability goals and adhere to regulatory requirements, enhancing their operational efficiency and environmental impact.

Evoy

Venture Round in 2020
Evoy is a Norwegian manufacturer of electric propulsion systems for speedboats, founded in 2018 and headquartered in Florø, Sogn og Fjordane. The company designs inboard and outboard electric motors that replace traditional diesel and gasoline engines, significantly lowering maintenance and operating costs. These electric systems operate silently, minimizing noise pollution in marine environments while providing strong performance and responsiveness. Evoy's innovative technology enables ferry and tour operators to meet sustainability goals and adhere to regulatory requirements, enhancing their operational efficiency and environmental impact.

Nova Fabrica

Grant in 2019
Nova Fabrica is a manufacturer and global supplier of thin film process components, specializing in technologies for vacuum and plasma-based process characterization, monitoring, control, and automation. The company offers a diverse range of products, including plasma monitoring and control systems, plasma generators, bias power supplies, magnetron sputtering devices, and various gas analysis systems. Its comprehensive product portfolio allows Nova Fabrica to provide complete package solutions with integrated support. The company's specialist products, such as FloTron process control systems, are distributed worldwide through an extensive sales network. In addition to its product offerings, Nova Fabrica also provides in-house and on-site training courses, enabling plasma processing system manufacturers to access critical subsystems, components, metrology services, and skilled personnel.

Valtavalo

Grant in 2018
Valtavalo Ltd, established in 2008, specializes in the development, manufacture, and supply of energy-efficient lighting solutions in Finland and internationally. Recognized as the largest LED tube manufacturer in the Northern Countries, the company focuses on high-volume production to offer competitive pricing on advanced LED technologies, which have traditionally been perceived as costly. Valtavalo's product range includes long-lifetime LED lighting tubes equipped with replaceable light sources, allowing users to significantly lower their energy consumption, installation, and maintenance costs. Through its innovative approach, Valtavalo aims to make energy-efficient lighting accessible and affordable for a wide array of clients.

Nova Fabrica

Grant in 2016
Nova Fabrica is a manufacturer and global supplier of thin film process components, specializing in technologies for vacuum and plasma-based process characterization, monitoring, control, and automation. The company offers a diverse range of products, including plasma monitoring and control systems, plasma generators, bias power supplies, magnetron sputtering devices, and various gas analysis systems. Its comprehensive product portfolio allows Nova Fabrica to provide complete package solutions with integrated support. The company's specialist products, such as FloTron process control systems, are distributed worldwide through an extensive sales network. In addition to its product offerings, Nova Fabrica also provides in-house and on-site training courses, enabling plasma processing system manufacturers to access critical subsystems, components, metrology services, and skilled personnel.
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