Lithium-ion battery repair and maintenance startup NOWOS today announced it has raised a €6 million equity funding round.
The round was led by Impact Venture Fund Shift4Good, with participation from Dutch investors Fair Capital Impact Fund and Goeie Grutten Impact Fund. An additional €3 million in debt financing is currently being raised.
Since the Dutch company’s launch in 2019, NOWOS initially focused on micro-mobility: repairing batteries for e-bikes, e-mopeds, and kick-scooters for customers across Europe such as vehicle manufacturers and fleet operators including Swapfiets, Dott, Felyx, Qwic from the Netherlands, Voi from Sweden, Dance in Germany and France, Fifteen in France, plus naming NIU, Phylion, TWS, Segway-Ninebot among Chinese manufacturers repairing with NOWOS, showing dedication to sustainability and collaboration.