Reefilla, an Italian startup specialising in modern power storage and cell energy technology options, has raised €4.5 million in a funding spherical. The capital will help the corporate’s enlargement inside Italy and internationally, in addition to the analysis and growth of applied sciences targeted on second-life batteries.
The funding spherical was led by CDP Enterprise Capital by way of its Inexperienced Transition Fund, financed by EU NextGeneration funds. The spherical additionally included investments from HCapital, making its first foray into the Italian market, Azimut by way of its AZIMUT ELTIF – Enterprise Capital ALIcrowd III fund, and the Motor Valley Accelerator, an initiative pushed by CDP Enterprise Capital in collaboration with Fondazione Modena and UniCredit. FinPiemonte contributed by way of the PiemonteNext fund, aiming to bolster innovation within the Piedmont area.
CEO and co-founder Marco Bevilacqua shared his imaginative and prescient: “We’re proud to have reached the curiosity of Italian and worldwide capital to help a transparent imaginative and prescient and a concrete industrial mission. We wish to construct a round provide chain that promotes the reuse of batteries and gives customised power options for individuals and companies. We consider that the way forward for power should be accountable, accessible and emission-free, and we’re dedicated to contributing to this revolution in a concrete approach.”
Reefilla was based in 2021 by Marco Bevilacqua, Pietro Balda, and Gabriele Bergoglio on the I3P incubator on the Politecnico di Torino. Notably, its product Fillee, a cell charging system for electrical autos, gained notable market traction. Constructing on this, Reefilla plans to unveil new off-grid energy options by 2025 to fulfill rising calls for within the power sector.
This newest funding builds on a previous €1 million injection in 2022, which allowed Reefilla to deliver its options to market and set up a buyer base, together with partnerships with fleet operators and mobility firms. With the extra €4.5 million, Reefilla goals to arrange a centre of excellence in Turin, devoted to testing and qualifying second-life batteries, whereas additionally producing its subsequent vary of merchandise.
The Inexperienced Transition Fund’s Senior Accomplice, Cristina Tomassini, emphasised the importance of the funding: “This sixth funding by the Inexperienced Transition Fund-PNRR in Reefilla confirms that enterprise capital is the mandatory software to help new entrepreneurs and create the businesses of the longer term. With its know-how, Reefilla affords options to speed up the deployment of sustainable mobility and small-scale electrical energy storage, which is important to scale back CO2 emissions in varied sectors: households, development, boating and mobility.”
“We’re very assured within the vital position that each one traders can play in strengthening Reefilla’s cell Energy Storage options, which leverage second-life batteries, inside the power storage sector. Buyers’ help might be instrumental in driving the corporate’s enterprise progress, particularly by facilitating entry to new worldwide markets,” mentioned Gonçalo Sousa Coutinho, Affiliate Accomplice of HCapital.
To enrich its current funding spherical, Reefilla has launched an fairness crowdfunding marketing campaign on Mamacrowd with a goal of €800,000. This initiative invitations personal traders to affix the corporate’s mission of fostering sustainable and modern power options.
