NOWOS funding news – Netherlands-based NOWOS Secures €6 Million in Equity Funding

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Founded in 2019, NOWOS began by repairing batteries for e-bikes, e-mopeds, and scooters. Its clients include well-known vehicle makers and fleet operators across Europe like Swapfiets, Dott, Felyx, Qwic, Voi, Dance, and Fifteen, as well as Chinese brands such as NIU, Phylion, TWS, and Segway-Ninebot. The company focuses on sustainability and partnerships to reduce battery waste.

CEO and serial entrepreneur Prins Doornekamp explains: “This funding not only recognises the work we’ve done so far but also gives us the resources to accelerate our mission: making battery repair and reuse the standard across Europe. We especially want to acknowledge our customers—those who trust and work with us in this complex and rapidly evolving space since the beginning.”

Newly appointed Chief Impact Officer Alix Armour points out: “Today, more than 80 per cent of the batteries we receive can be repaired, saving both energy and materials that would otherwise be wasted through premature recycling. In a rapidly growing sector like micro-mobility, repair isn’t just sustainable, it’s economically strategic."

The lead investor, Shift4Good, is a global venture capital fund that focuses on sustainable transportation.

CEO Prins Doornekamp shared: “We’re gaining a mission-aligned investor with deep knowledge of the transportation and circular economy sectors. Their strategic support, network, and shared vision give us a powerful platform to scale, innovate, and lead in a rapidly evolving industry. This is the kind of partnership that creates long-term impact.”

According to Shift4Good’s founder Yann Marteil: “The circular economy is becoming a standalone sector, especially within transportation, which is a major consumer of raw materials and manufactured goods. We believe that the B2B model NOWOS is building, with large clients at its core, is the right approach to structure the market. At the same time, their localised repair facilities are especially compelling. It allows them to adapt to local needs and client-specific constraints, which is key in this space.”

Shift4Good was joined by Dutch impact investors Fair Capital Impact Fund and Goeie Grutten.

Marije Schasfoort, impact investor at Fair Capital Impact Fund shared: “NOWOS is a leader in sustainable battery solutions, through extending battery lifespans and reducing waste. They emphasise the importance of repair for the transition towards a circular economy. Their pioneering position and ability to scale across Europe make them a strong fit for our impact-driven investment approach.”

With the new funding, NOWOS plans to open repair hubs in Poland in 2025 and Germany in 2026 to meet rising demand across Europe. They’ll also invest in improving their Battery Passport system and expanding repair methods for more types of batteries.

About NOWOS

NOWOS specializes in reducing lithium-ion battery waste. Their deep experience in battery design, production, and recycling helps them repair, reuse, and recycle batteries more efficiently, cutting down on waste.