Reefilla funding news – Turin-based Reefilla has Secured €4.5 Million in Funding

Funding Utilisation

The funds will help the company expand in Italy and internationally while advancing second-life battery technology.

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The funding was led by CDP Venture Capital’s Green Transition Fund, supported by EU NextGeneration funds. Other investors include HCapital, entering the Italian market for the first time, Azimut’s Venture Capital ALIcrowd III fund, the Motor Valley Accelerator (backed by CDP, Fondazione Modena, and UniCredit), and FinPiemonte’s PiemonteNext fund to boost innovation in the Piedmont region.

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.”

Reefilla previously raised €1 million in 2022, which helped launch its solutions and build partnerships with fleet operators and mobility companies. With the new €4.5 million funding, the company plans to open a center in Turin to test and certify second-life batteries and develop its next line of products.

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.”

Gonçalo Sousa Coutinho, Associate Partner of HCapital said, “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,”

Reefilla has started an equity crowdfunding campaign on Mamacrowd aiming to raise €800,000. This allows private investors to support its mission of creating sustainable and innovative energy solutions.

About Reefilla

As electric vehicles become the future of mobility, recharging will remain a major challenge. Soon, the scarcity of charging points may give way to a lack of available ones. Reefilla addresses this issue with a flexible, simple, and effective solution for recharging.