Evyon

Evyon, a Norway-based startup founded in 2020, is focused on maximizing the value of second-life electric vehicle (EV) batteries to accelerate the transition to a fully renewable future. The company's mission is to repurpose EV batteries in a streamlined, safe, and cost-effective manner, using novel technology for testing, reassembly, and operations to convert usable second-life EV batteries into plug-and-play battery storage systems.

Evyon aims to reduce costs by 70%, making battery storage accessible for a broad range of applications, including peak shaving to reduce energy bills for real estate properties, increasing self-consumption of energy from solar panels, providing critical services to grid operators, and increasing available power in an environmentally friendly way to underserved urban or rural locations.

The startup's recent milestone includes securing a €1.00M Debt Financing investment on 17 November 2022. Evyon operates within the Energy and Manufacturing industries, positioning itself at the forefront of sustainable energy solutions. While the specific investors behind the recent investment are not disclosed, Evyon's innovative approach to battery repurposing and its commitment to driving the renewable energy future make it a compelling prospect for potential venture capital consideration.