BeePlanet Factory, our pioneering company in energy storage from electric vehicle batteries, has closed a €5M round, to strengthen its growth, diversification and internationalisation strategy. Founded in 2018, BeePlanet specialises in manufacturing and implementing electric vehicle battery storage systems, developing solutions for various sectors such as commercial and industrial self-consumption, large renewable energy installations and charging infrastructures. These applications include technological developments for optimising the useful life of equipment and efficient energy management.

 

BeePlanet’s recent financing round has marked an important milestone with the incorporation of two new strategic investment partners: Santander Climate Fund and Easo Ventures (managed by Stellum Capital). This expansion of the investment group is complemented by Itzarri’s investment and the renewed support of existing partners, including Suma Capital, which has led the participation of existing investors. EIT InnoEnergy and SODENA have also reaffirmed their confidence in the company by accompanying it in this new phase. The backing obtained in this transaction will provide BeePlanet with the necessary resources to accelerate its international expansion and develop innovative business models, thus contributing to the promotion of a more sustainable energy system.

 

BeePlanet’s business model has benefited from the significant growth of the electric vehicle and energy storage markets in recent years. According to the European Union, it is estimated that by 2030 there will be approximately 30 million electric vehicles on the road, resulting in the generation of more than 400,000 batteries annually for reuse or recycling.

 

“We are proud to announce this capital increase, a decisive step that will give us a boost to strengthen our position and allow us to make further progress in the energy storage sector. Our goal is to become a global benchmark in the reuse of electric vehicle batteries,”