In a funding round, Reefilla, an Italian firm that specializes in cutting-edge energy storage and mobile power generating technologies, has raised €4.5 million. The funds will be utilized to promote the company’s growth both domestically and abroad, as well as the study and advancement of technology pertaining to second-life batteries.

With the help of EU NextGeneration funds, CDP Venture Capital led the investment round through its Green Transition Fund. Additionally, the round featured investments from Azimut through its AZIMUT ELTIF – Venture Capital ALIcrowd III fund, HCapital, which was making its first entrance into the Italian market, and the Motor Valley Accelerator, which was spearheaded by CDP Venture Capital in partnership with Fondazione Modena and UniCredit. With the goal of promoting innovation in the Piedmont area, FinPiemonte made a contribution through the PiemonteNext fund.

CEO and co-founder Marco Bevilacqua shared his vision: “We are proud to have reached the interest of Italian and international capital to support a clear vision and a concrete industrial project. We want to build a circular supply chain that promotes the reuse of batteries and provides customised energy solutions for people and businesses. We believe that the future of energy must be responsible, accessible and emission-free, and we are committed to contributing to this revolution in a concrete way.”

In 2021, Marco Bevilacqua, Pietro Balda, and Gabriele Bergoglio established Reefilla at the Politecnico di Torino’s I3P incubator. Notably, its product Fillee—a transportable electric vehicle charging system—saw significant market growth. To address the growing needs in the energy industry, Reefilla intends to introduce innovative off-grid power options by 2025.

A previous €1 million investment in 2022 enabled Reefilla to launch its solutions and cultivate a clientele, including alliances with fleet operators and mobility firms. This most recent fundraising adds on that investment. Reefilla plans to use the extra €4.5 million to produce its next line of goods and establish a center of excellence in Turin that will be devoted to testing and qualifying second-life batteries.

The Green Transition Fund’s Senior Partner, Cristina Tomassini, emphasised the significance of the investment: “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. With its technology, Reefilla offers solutions to accelerate the deployment of sustainable mobility and small-scale electricity storage, which is necessary to reduce CO2 emissions in various sectors: households, construction, boating and mobility.”

“We are very confident in the important role that all investors can play in strengthening Reefilla’s mobile Power Storage solutions, which leverage second-life batteries, within the energy storage sector. Investors’ support will be instrumental in driving the company’s business growth, in particular by facilitating access to new international markets,” said Gonçalo Sousa Coutinho, Associate Partner of HCapital.

Reefilla has started an equity crowdfunding campaign on Mamacrowd with a €800,000 goal in order to supplement its most recent investment round. Through this program, private investors are encouraged to support the company’s objective of developing creative and sustainable energy solutions.