BeePlanet Factory has secured €5 million in funding to enhance its growth and international expansion strategies, focusing on energy storage and recycling of electric vehicle batteries.

Information on the Target

BeePlanet Factory is a pioneering Navarra-based company focused on energy storage using batteries from electric vehicles. Founded in 2018, the company specializes in manufacturing and implementing storage systems that leverage electric vehicle batteries. BeePlanet develops innovative solutions across various sectors, including commercial and industrial self-consumption, large renewable energy installations, and charging infrastructure. Their technological advancements also include optimizing equipment lifespan and efficient energy management.

Industry Overview in Spain

The electric vehicle and energy storage markets in Spain have experienced significant growth over recent years. According to the European Union, there is an expectation that by 2030, there will be around 30 million electric vehicles in circulation across Europe, generating over 400,000 batteries annually available for reuse or recycling. This burgeoning market presents substantial opportunities for companies involved in battery storage and recycling.

In response to this demand, BeePlanet launched the BeeCycle project in September 2024, aimed at building a battery recycling plant in Caparroso, Navarra. This initiative is a collaboration between local companies, including Metales