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 Transportation

Heart Aerospace

Series B in 2024
Heart Aerospace AB, established in 2018 with headquarters in Gothenburg, Sweden, and operations in Palo Alto, California, specializes in developing electric regional airliners certified for passenger flight. The company's mission is to facilitate swift, affordable, and sustainable travel for regional journeys worldwide. Their flagship aircraft, the ES-19, is a nineteen-passenger electric airliner designed with an operating range of 400 km, aiming to reduce fuel and maintenance costs compared to traditional aircraft while emitting zero operational emissions. Heart Aerospace targets commercial operation certification for the ES-19 by 2026.

Swisspod Technologies

Grant in 2023
Founded in 2019, Swisspod Technologies specializes in designing and developing Hyperloop vessels for tube-based transportation systems. The company aims to create energy-efficient, fully-electric pods, harnessing high-quality Swiss engineering to facilitate sustainable and efficient high-speed travel between cities.

ONO

Convertible Note in 2023
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.

Hardt Hyperloop

Venture Round in 2023
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.

Cellbox Solutions

Grant in 2023
Cellbox Solutions is a technology company that specializes in innovative logistic solutions for the global BioMed industry. It has developed a carbon dioxide incubator designed for the storage, isolation, handling, and analysis of biological materials. This incubator offers essential logistic services and ensures the proper handling of living cells, facilitating their storage, reproduction, transportation, and analysis. By enabling the transportation of living cells via various methods, including road, rail, and air, Cellbox Solutions supports healthcare providers in their efforts to deliver the latest therapies to patients.

Transmetrics

Convertible Note in 2023
Transmetrics is a software-as-a-service artificial intelligence-powered logistics platform for cargo companies. The platform provides data cleansing, demand forecasting and network optimization using machine learning and predictive analytics to improve operational efficiency, reduce transport costs, and enhance fleet utilization while maintaining service levels. It combines AI with domain expertise in transport and logistics to analyze and predict transport flows with high accuracy, helping logistics providers optimize planning and reduce environmental impact.

HSL Technologies

Series A in 2023
HSL Technologies develops hydrogen solutions focusing on safe transport, storage, and on-demand generation. Its HydroSil-based technology enables hydrogen to be moved through conventional infrastructure with reduced risk, supporting scalable delivery and storage. The company also engineers hydrogen generation technology that produces hydrogen on demand through a controlled reaction between two stable liquids, enabling safe transport and storage at ambient temperature and pressure. By delivering energy-dense, adaptable hydrogen options, HSL Technologies addresses logistical challenges tied to traditional storage and supports the transition to low-carbon energy systems.

ONO

Series A in 2022
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.

Chassis Autonomy

Grant in 2022
Chassis Autonomy specializes in the ground-up design, development, and production of steer-by-wire and brake-by-wire systems for highly automated and autonomous vehicles. It develops fail-operational actuation solutions to enable safe autonomous mobility, providing end-to-end engineering, testing, and manufacturing capabilities for actuation systems that replace conventional steering and braking in automated driving platforms.

Dawn Aerospace

Grant in 2022
Dawn Aerospace designs and manufactures reusable spacecraft and launch systems to enable frequent, sustainable access to space. The company develops same-day reusable launch vehicles that can operate with ordinary airspace and aircraft, without specialized space-launch infrastructure, and non-toxic, storable propulsion systems for satellites of all sizes, including CubeSats, offering higher performance while reducing reliance on toxic fuels. Dawn aims to provide end-to-end space transportation capabilities for deployment, positioning and return of spacecraft in a scalable, environmentally conscious manner. Founded in 2016, Dawn is based in New Zealand and the Netherlands, with research, manufacturing and testing facilities in Auckland and Delft.

Nevomo

Grant in 2022
Nevomo develops next-generation rail technology that enables hyperloop-inspired transport by combining magnetic levitation, a passive magrail system and autonomous control to upgrade existing railway lines. The magrail concept allows retrofitting conventional rails to support higher speeds—up to 300 kph on standard lines and 415 kph on high-speed corridors—while preserving existing rolling stock. The technology can progress to vacuum-based systems (hyperrail) with potential speeds of 600 kph on normal lines and 1000 kph on high-speed lines, and ultimately to vacuum tube corridors for top speeds around 1200 kph. Capex for retrofitting is estimated at 6-8 million euros per kilometer, substantially lower than new high-speed line builds. Early energy and maintenance advantages arise from reduced mechanical friction and overall system efficiency. Founded in 2017, Nevomo has pursued proofs of concept and demonstrations, and collaborates with partners such as TME Transfer Multisort Electronics and Microsoft, supported by a multinational R&D team and an international advisory board.

Hardt Hyperloop

Funding Round in 2021
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.

Heart Aerospace

Series A in 2021
Heart Aerospace AB, established in 2018 with headquarters in Gothenburg, Sweden, and operations in Palo Alto, California, specializes in developing electric regional airliners certified for passenger flight. The company's mission is to facilitate swift, affordable, and sustainable travel for regional journeys worldwide. Their flagship aircraft, the ES-19, is a nineteen-passenger electric airliner designed with an operating range of 400 km, aiming to reduce fuel and maintenance costs compared to traditional aircraft while emitting zero operational emissions. Heart Aerospace targets commercial operation certification for the ES-19 by 2026.

KASI Technologies

Grant in 2021
KASI Technologies offers a solution for fleet owners to cut down on their emissions and expenses related to fuel consumption. Their patented technology is designed to achieve both goals simultaneously, providing an environmentally friendly and cost-effective option for businesses seeking to reduce their carbon footprint. The company aims to provide innovative solutions to the auto industry, in order to tackle the challenges related to reducing car emissions and complying with CO2 legislation. Their mission is to deliver "Ness," a cutting-edge technology designed to help the automotive sector meet the demands of the current environmental landscape. By leveraging Ness, KASI Technology is working towards a more sustainable future, with reduced carbon emissions and increased efficiency in the transportation sector.

Hardt Hyperloop

Grant in 2021
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.

Karos

Series B in 2021
Karos is a mobility platform that converts unused car seats into a public transport network, offering short‑distance car sharing and carpooling services. Its mobile application connects travelers with nearby carpooling cabs, allowing them to schedule, modify, and manage trips, thereby reducing travel time, fuel consumption, and costs.

Provizio

Seed Round in 2020
Founded in 2019, Provizio is a technology company based in Limerick, Ireland. It specializes in accident prevention solutions for vehicles, using proprietary vision sensors and machine learning algorithms to perceive, predict, and prevent accidents in real-time.

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.

Heart Aerospace

Grant in 2020
Heart Aerospace AB, established in 2018 with headquarters in Gothenburg, Sweden, and operations in Palo Alto, California, specializes in developing electric regional airliners certified for passenger flight. The company's mission is to facilitate swift, affordable, and sustainable travel for regional journeys worldwide. Their flagship aircraft, the ES-19, is a nineteen-passenger electric airliner designed with an operating range of 400 km, aiming to reduce fuel and maintenance costs compared to traditional aircraft while emitting zero operational emissions. Heart Aerospace targets commercial operation certification for the ES-19 by 2026.

ONO

Grant 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.

Altaroad

Grant in 2020
Altaroad specializes in smart road infrastructure management. It uses patented nano-sensors embedded in roads and advanced algorithms to provide real-time data analysis. This enables traffic control optimization, predictive maintenance of infrastructure, and quick detection of hazardous situations like icy pavements or unsafe driving.

Altaroad

Venture Round in 2020
Altaroad specializes in smart road infrastructure management. It uses patented nano-sensors embedded in roads and advanced algorithms to provide real-time data analysis. This enables traffic control optimization, predictive maintenance of infrastructure, and quick detection of hazardous situations like icy pavements or unsafe driving.

HSL Technologies

Grant in 2020
HSL Technologies develops hydrogen solutions focusing on safe transport, storage, and on-demand generation. Its HydroSil-based technology enables hydrogen to be moved through conventional infrastructure with reduced risk, supporting scalable delivery and storage. The company also engineers hydrogen generation technology that produces hydrogen on demand through a controlled reaction between two stable liquids, enabling safe transport and storage at ambient temperature and pressure. By delivering energy-dense, adaptable hydrogen options, HSL Technologies addresses logistical challenges tied to traditional storage and supports the transition to low-carbon energy systems.

Avy

Venture Round in 2020
Avy is a Dutch tech company specializing in developing, manufacturing, and operating vertical takeoff and landing (VTOL) winged drones for emergency services and healthcare logistics. Its unique drone networks operate autonomously, providing rapid access to remote locations.

Avy

Grant in 2020
Avy is a Dutch tech company specializing in developing, manufacturing, and operating vertical takeoff and landing (VTOL) winged drones for emergency services and healthcare logistics. Its unique drone networks operate autonomously, providing rapid access to remote locations.

Karos

Grant in 2020
Karos is a mobility platform that converts unused car seats into a public transport network, offering short‑distance car sharing and carpooling services. Its mobile application connects travelers with nearby carpooling cabs, allowing them to schedule, modify, and manage trips, thereby reducing travel time, fuel consumption, and costs.

VAYAVISION

Grant in 2019
VayaVision Sensing Ltd. is a technology company that specializes in developing perception engine software aimed at enhancing the safety and efficiency of autonomous driving. Founded in 2016 and headquartered in Or Yehuda, Israel, the company offers VAYA-Drive, an artificial intelligence cognition platform that integrates raw data fusion with advanced computer vision techniques. This platform generates comprehensive environmental models, enabling critical functions such as road and free space detection, lane detection, object detection and tracking, and recognition of traffic signs. By utilizing deep learning algorithms, VayaVision delivers a reliable detection and classification system that accurately assesses the size, shape, and velocity of surrounding objects, including small obstacles. This innovative approach not only improves sensing capabilities for autonomous vehicles but also contributes to cost reductions within the automotive industry. Since July 2020, VayaVision has operated as a subsidiary of LeddarTech Inc.

Mapon

Grant in 2016
Mapon is a platform for fleet management, asset tracking and business solutions.
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