Alantra's Energy Transition Fund, Klima, has led a €9 million Series B financing round for maxwell+spark, aimed at accelerating the company's expansion of advanced lithium-ion battery systems for industrial logistics across Europe and the United States.

Information on the Target

maxwell+spark is a pioneering developer of advanced lithium-ion battery systems tailored for industrial logistics. Established in 2017 in South Africa and currently headquartered in the Netherlands, the company has rapidly ascended to a global leader in sustainable energy solutions for the logistics sector. With operations across South Africa, the United States, and the European Union, maxwell+spark’s innovative technology has been successfully implemented in various fleets worldwide, demonstrating significant cost savings and enhanced operational resilience.

The recent €9 million financing round signifies the first closing of maxwell+spark’s Series B funding. The investment aims to propel the company’s expansion efforts in Europe and the United States, fostering broader adoption of its modular, intelligent, and cost-effective energy solutions that serve as alternatives to fossil fuel power across industries such as warehousing, refrigerated transport, and construction.

Industry Overview

In South Africa, the industrial logistics sector faces unique challenges, particularly regarding its reliance on traditional fossil fuels and the associated environmental impacts. The country is increasingly recognizing the need for sustainable energy solutions to meet bot