Italian energy storage startup Reefilla raises €4.5M in funding, launches equity crowdfunding campaign

Reefilla, a Turin, Italy-based energy storage startup that provides mobile power generation using second-life batteries, has secured €4.5 million in funding. The round was led by CDP Venture Capital through its Green Transition-PNRR fund.

The new funding will enable Reefilla to grow its footprint in Italy and international markets while advancing its research and development efforts. The company is working on “Made in Italy” technologies to repurpose end-of-life batteries, turning them from waste into valuable resources.

To complement the venture funding, Reefilla has launched an equity crowdfunding campaign on Mamacrowd, aiming to raise an additional €800,000. This initiative invites private investors to support the company’s mission of building sustainable and innovative energy solutions.

This funding round also includes contributions from EU NextGeneration funds, the PiemonteNext fund managed by CDP Venture Capital, and regional backers like FinPiemonte. Additional support came from HCapital, Azimut’s ELTIF – Venture Capital ALIcrowd III fund, and the Motor Valley Accelerator. The latter, a key supporter of Reefilla, initially invested in the company and continues to provide strategic guidance.

The latest investment builds on Reefilla’s earlier €1 million raise in 2022, which enabled the company to commercialize its technology and establish a strong customer base, including fleet operators and car-sharing services.

Pioneering Circular Economy in Energy

Founded in 2021 by Marco Bevilacqua, Pietro Balda, and Gabriele Bergoglio, Reefilla aims to set new standards in energy storage and mobility. Its flagship product, Fillee—a mobile charger for electric vehicles—demonstrates the company’s ability to innovate within the circular economy. By 2025, Reefilla plans to launch new off-grid power generation solutions, addressing rising energy demands.

Vision for Sustainable Energy

Reefilla is preparing to open a new center of excellence in Turin by 2025. This facility will focus on testing and qualifying second-life batteries while producing next-generation products. The initiative is expected to create jobs and attract top talent, further strengthening Italy’s position in sustainable energy innovation.

“We’re proud to attract both Italian and international investors to support our vision of creating a circular supply chain for batteries,” said Marco Bevilacqua, CEO and co-founder of Reefilla. “Our goal is to make energy solutions accessible and emission-free.”

Strategic Investor Support

Cristina Tomassini, Senior Partner at CDP Venture Capital, emphasized the importance of venture capital in fostering innovation. “Reefilla’s solutions support sustainable mobility and electricity storage, helping to reduce CO2 emissions across sectors such as construction, boating, and mobility,” she said.

Other investors, including HCapital and Azimut, echoed their confidence in Reefilla’s potential to revolutionize energy storage. “Reefilla’s team has a proven track record of delivering market-ready innovation, and we’re excited to support their growth,” said Guido Bocchio, Head of Venture Capital at Azimut.

With its strong backing and clear vision, Reefilla is poised to redefine energy storage and mobility solutions, contributing to a more sustainable future.

Reefilla Team (Credit: Reefilla)