Reefilla, a start-up that develops energy storage and mobile power generation solutions also based on second life batteries, announces that it has closed a new EUR 4.5 million capital increase.
The round is led by CDP Venture Capital through the Green Transition-PNRR fund, financed with NextGeneration EU resources with the aim of stimulating growth, with co-investment from the PiemonteNext fund, set up and managed by CDP Venture Capital and underwritten by the regional finance company FinPiemonte to maximise investments in innovation for the region, together with HCapital, a Portuguese venture capital fund making its first investment in Italy, Azimut through its venture capital fund Azumut Eltif – Venture Capital ALIcrowd III and Motor Valley Accelerator, the first investor in Reefilla.
Founded in Turin in 2021 by Marco Bevilacqua, Pietro Balda and Gabriele Bergoglio, Reefilla has rapidly become a benchmark in energy storage and mobile power generation solutions, including a circular economy process by giving batteries a second life. Following the success of Fillee, the first mobile charging device for electric vehicles, the company is preparing to launch new off-grid power generation solutions in 2025 to meet the growing needs of the energy market.
This injection of new equity follows the €1m injection closed in 2022, which allowed Reefilla to bring its technology to market and consolidate a high-profile customer portfolio, including corporate fleets, car sharing services and partnerships with leading mobility companies. The capital raised represents a further step in the growth path of Reefilla, born at the I3P incubator of the Politecnico di Torino and developed with the support of the Motor Valley Accelerator in Modena.
‘We are proud to have attracted the interest of Italian and international capital to support a clear vision and a concrete industrial project,’ explains Marco Bevilacqua, CEO and co-founder of Reefilla (pictured here with the team) in a note. ‘We want to build a circular supply chain that enhances the reuse of batteries and offers tailor-made energy solutions for people and companies. We believe that the future of energy must be responsible, accessible, zero-emission and we are committed to contributing to this revolution in a concrete way’.
The new capital will be used to expand Reefilla’s presence in the Italian and foreign markets and to support research and development of advanced Italian-made technologies for qualifying second-life batteries, transforming end-of-life batteries from a problem into a resource.
In 2025, Reefilla will open a Competence centre at its new Turin site dedicated to testing, qualification of batteries to enable a second life and production of the new product range. This will represent an important opportunity for the region and for Italian innovation, creating new jobs and attracting talent.
“This sixth investment by the Green Transition Fund-PNRR, in Reefilla confirms that Venture Capital is the necessary tool to support new entrepreneurs and create the companies of the future,” says Cristina Tomassini, senior partner of CDP Venture Capital and head of the Green Transition Fund. “With its technology, Reefilla provides solutions to accelerate the spread of sustainable mobility and small-scale electric storage, small scale storage, which is necessary to reduce CO2 emissions in various sectors: households, construction, boating, as well as mobility.
“Reefilla’s future will be marked by the strengthening of its existing products and services, the continuous development of innovative solutions with high strategic and technological value, and the expansion into new international markets,” says Gonçalo Sousa Coutinho, associate partner at HCapital. “We are excited to support this growth path, convinced that investor support will play a key role in consolidating Reefilla’s position in the energy storage sector.”
“We believe in Reefilla’s technology and the strong skills of its team, consisting of technicians from the automotive world who have already proven in the past that they can bring innovation to the market,’ stresses Guido Bocchio, head of venture capital, at Azimut Libera Impresa
“Our commitment to maximising start-ups’ investments in responsible innovation and research and development of advanced technologies in strategic sectors such as energy and environmental sustainability is growing. In particular, the co-investment in Reefilla, through the PiemonteNext fund, represents a further opportunity for our territory, given the imminent opening of a new Competence Centre in Turin dedicated to the testing and production of the new range of products,’ says Finpiemonte director Mario Alparone.
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