Maxwell+spark has raised €9 million in funding led by Alantra’s Energy Transition Fund to accelerate its growth in Europe and the United States, focusing on the development of lithium-ion battery systems for industrial logistics.
Information on the Target
Maxwell+spark, founded in 2017 and headquartered in Rotterdam, has successfully raised €9 million in a funding round led by Alantra’s Energy Transition Fund. The company specializes in the development of lithium-ion battery systems specifically aimed at industrial logistics. With a team of 70 employees, it also operates offices in Durban, South Africa.
Industry Overview in the Target's Specific Country
The lithium-ion battery industry has seen substantial growth in recent years, particularly in Europe, driven by the global transition towards sustainable energy solutions. The increasing demand for efficient energy storage systems across various sectors, including transportation and industrial logistics, has positioned Europe as a leader in battery technology development.
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In the context of the European market, several factors contribute to the industry's robust expansion. The European Union's commitment to reducing carbon emissions has led to sign
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Disclosed details
Transaction Size: $9M