Shift4Good invests in NOWOS, a leader in lithium-ion battery repair, as part of a €6 million equity funding round to support sustainable battery management in Europe.

Information on the Target

NOWOS is a prominent player in the European lithium-ion battery repair and maintenance sector, having rapidly established itself as a leader in battery circularity. In 2024, NOWOS delivered impressive results by repairing over 90,000 batteries from 98 different models, totaling a substantial 310,000 kilograms of battery mass. This endeavor offers an eco-friendly alternative to both premature recycling and expensive replacements.

Nowos has forged strong relationships with esteemed clients in the micro-mobility sector, including Dott, Felyx, and Voi, as well as global battery manufacturers. The company's mission emphasizes sustainability and cost-effectiveness in battery management, making it a vital player in the evolving landscape of urban mobility.

Industry Overview in the Target’s Specific Country

The battery repair and maintenance market in Europe is witnessing a robust transformation, driven by the increasing emphasis on sustainability and circular economy principles. With looming regulations aimed at improving battery material recovery