Reefilla Raises €4.5 Million to Boost Energy Solutions
Deal News | Nov 27, 2024 | CDP Venture Capital
Reefilla, an Italian startup focusing on energy storage and mobile power generation, has successfully secured €4.5 million in a new funding round. This round was predominantly led by CDP Venture Capital through the Green Transition-PNRR Fund, with the participation of several co-investors, including Motor Valley Accelerator and FinPiemonte. The investment aims to support Reefilla's initiatives to make energy accessible everywhere and to expand its market presence, both domestically and internationally. The company plans to establish a Competence Center in Turin to further its research and development efforts. This marks the sixth investment by the Green Transition Fund-PNRR in Reefilla, reflecting the potential of venture capital as a catalyst for fostering sustainable innovation in energy. The funding will also be used to enhance Reefilla's technologies and expand its product line, advancing its mission for a sustainable, zero-emission future.
Sectors
- Energy Storage and Generation
- Venture Capital and Private Equity
Geography
- Italy – Reefilla is an Italian startup headquartered in Turin, and the investment aims to expand its presence in both Italian and international markets.
Industry
- Energy Storage and Generation – Reefilla operates within the energy storage and mobile power generation space, specifically focusing on using second-life batteries and off-grid power solutions.
- Venture Capital and Private Equity – The article discusses a significant investment round led by CDP Venture Capital, with participation from other venture capital funds, emphasizing the role of venture capital in advancing innovation.
Financials
- €4.5 million – The amount raised by Reefilla in the latest funding round.
- €1 million – The amount raised by Reefilla in a previous funding round in 2022.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Reefilla | Target | Company | An Italian startup focused on developing energy storage and mobile power generation solutions. |
| CDP Venture Capital | Bidding Company | Company | A venture capital firm leading the funding round for Reefilla, particularly through the Green Transition-PNRR Fund. |
| Motor Valley Accelerator | Co-Investor | Company | An accelerator platform that has previously invested in Reefilla, focusing on innovation within the automotive sector. |
| FinPiemonte | Co-Investor | Company | An Italian financial entity that co-invested in the funding round through the PiemonteNext fund. |
| Azimut | Co-Investor | Company | Participated in the funding round via its venture capital fund AZIMUT ELTIF - Venture Capital ALIcrowd III. |
| HCapital | Co-Investor | Company | A Portuguese venture capital fund participating in the funding round, marking its first investment in Italy. |