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EIT InnoEnergy invests in grid-scale energy storage company Mine Storage

Mine Storage develops and operates a portfolio of grid-scale energy storages in underground mines. The global need for grid-scale energy storage is driven by the increasing share of weather dependent power generation, which causes imbalance in the transmission grids. The Mine Storage team contributes to a sustainable… Read More

Altris Secures €9.6 million in Series A Funding

Swedish sodium-ion battery company Altris AB has raised €9.6 Million (100 MSEK) in a Series A funding round. The funding secures Altris’ production scale-up of the company’s innovative battery cathode material, Fennac, to 2 000 tonnes, enabling 1 GWh of sustainable batteries and further research and development… Read More

NitroCapt raises 2.8 M€ to develop a pilot plant for fossil-free production of nitrogen fertilizers

The production of nitrogen fertilizers causes 2,5% of the global fossil-related greenhouse gas emissions. To date, no one has developed a cost-effective, emission-free process that can compete with conventional production. But Sweden-based start-up NitroCapt now accelerates the development of the novel chemical process SUNIFIX® and aims at setting a new… Read More

Graphmatech raises an oversubscribed 84.5 million SEK investment round

Driven by the transition to a sustainable world, global demand for raw materials is soaring. For many materials, the forecasted demand far outstrips the supply. Graphmatech is well positioned to supply the necessary alternative materials: more conductive, stronger and more durable metals and polymers that use much less raw materials… Read More

SurfCleaner raises €4.8 million to accelerate global expansion

Water for more than six billion people is contaminated today. Only 20 percent of the world’s polluted drinking water is treated and the UN aims to increase that to 60 percent by 2030. The Swedish company SurfCleaner developed the world’s first hybrid skimmer… Read More

Korys joins Eneida on the ‘road to zen’ – new round of financing for a world leading low voltage grid optimisation company

Eneida is an innovative SME, founded in 2012 in Coimbra (Portugal), strongly connected to the city’s university. Eight years later, this new financing round will allow the Eneida team to further develop and grow internationally, with a capital increase of 4.5 million euros with Korys and 200M as lead investors. Read More

EIT InnoEnergy invested in SunRoof to support product development and global expansion

SunRoof, a Swedish-Polish start-up developing fully solar 2-in-1 roofs and facades as well as solutions to support smart energy management, raised €2 million in a late seed round for product development and global expansion. This is the first financing round in which EIT InnoEnergy has participated along with other VC funds. Read More

Peafowl Solar Power attracts SEK 5 million investment

Swedish-based start-up Peafowl Solar Power, which develops unique solar technology, has attracted a SEK 4 million investment (approx. EUR 370K) from the Swedish venture capital company Almi Invest. Additional 1 million SEK (approx. EUR 93K) has been raised from private investors. The… Read More

SurfCleaner attracts funding from Swedish House Mafia music artist

Inspired by the pumping principles of the heart, InnoEnergy supported start-up SurfCleaner has set out to make a positive impact on the future of oceans and rivers worldwide and is the latest step in developing a solution to tackle global… Read More

Taking the next big step, InnoEnergy supported Ferroamp goes public!

The path from innovative idea to market success is full of challenges, victories and learning experiences along the way. There are many essential industry facets to consider; therefore, the best chance a start-up has to grow (while avoiding common pitfalls) is a solid collaboration with trusted partners. InnoEnergy Business Creation… Read More