Reefilla, an Italian startup specialising in innovative energy storage and mobile power generation solutions, has raised €4.5 million in a funding round. The capital will support the company’s expansion within Italy and internationally, as well as the research and development of technologies focused on second-life batteries.
The funding round was led by CDP Venture Capital through its Green Transition Fund, financed by EU NextGeneration funds. The round also included investments from HCapital, making its first foray into the Italian market, Azimut via its AZIMUT ELTIF – Venture Capital ALIcrowd III fund, and the Motor Valley Accelerator, an initiative driven by CDP Venture Capital in collaboration with Fondazione Modena and UniCredit. FinPiemonte contributed through the PiemonteNext fund, aiming to bolster innovation in the Piedmont region.
CEO and co-founder Marco Bevilacqua shared his vision: “We are proud to have reached the interest of Italian and international capital to support a clear vision and a concrete industrial project. We want to build a circular supply chain that promotes the reuse of batteries and provides customised energy solutions for people and businesses. We believe that the future of energy must be responsible, accessible and emission-free, and we are committed to contributing to this revolution in a concrete way.”
Reefilla was founded in 2021 by Marco Bevilacqua, Pietro Balda, and Gabriele Bergoglio at the I3P incubator at the Politecnico di Torino. Notably, its product Fillee, a mobile charging system for electric vehicles, gained notable market traction. Building on this, Reefilla plans to unveil new off-grid power solutions by 2025 to meet increasing demands in the energy sector.
This latest funding builds on a prior €1 million injection in 2022, which allowed Reefilla to bring its solutions to market and establish a customer base, including partnerships with fleet operators and mobility companies. With the additional €4.5 million, Reefilla aims to set up a centre of excellence in Turin, dedicated to testing and qualifying second-life batteries, while also producing its next range of products.
The Green Transition Fund’s Senior Partner, Cristina Tomassini, emphasised the significance of the investment: “This sixth investment by the Green Transition Fund-PNRR in Reefilla confirms that venture capital is the necessary tool to support new entrepreneurs and create the companies of the future. With its technology, Reefilla offers solutions to accelerate the deployment of sustainable mobility and small-scale electricity storage, which is necessary to reduce CO2 emissions in various sectors: households, construction, boating and mobility.”
“We are very confident in the important role that all investors can play in strengthening Reefilla’s mobile Power Storage solutions, which leverage second-life batteries, within the energy storage sector. Investors’ support will be instrumental in driving the company’s business growth, in particular by facilitating access to new international markets,” said Gonçalo Sousa Coutinho, Associate Partner of HCapital.
To complement its recent funding round, Reefilla has launched an equity crowdfunding campaign on Mamacrowd with a target of €800,000. This initiative invites private investors to join the company’s mission of fostering sustainable and innovative energy solutions.
