Amersfoort, province Utrecht-based NOWOS, a battery repair specialist for cars and bicycles, announced that it has raised €6M in equity funding round led by Impact Venture Fund Shift4Good.
Based out of Paris and Singapore, Shift4Good, is a global impact venture capital fund dedicated to sustainable transportation.
Shift4Good’s founder, Yann Marteil, says,. “The circular economy is becoming a standalone sector, especially within transportation, which is a major consumer of raw materials and manufactured goods.”
” The investment and partnership with NOWOS present a unique opportunity to support solutions that reduce waste, extend product life, and preserve critical resources.”
“We believe that the B2B model NOWOS is building, with large clients at its core, is the right approach to structure the market.”
“At the same time, their localized repair facilities are especially compelling. It allows them to adapt to local needs and client-specific constraints, which is key in this space.”
Other investors, including Dutch investors Fair Capital Impact Fund and Goeie Grutten Impact Fund, also participated in the funding round.
An additional €3M in debt financing is currently being raised.
In 2024 alone, the company claims to have repaired 310,000 kilograms of 98 different battery models, the equivalent of 90,000 batteries.
Fund utilisation
The Dutch company will use the funds to expand into additional sectors such as material handling equipment (e.g., forklifts and AGVs), energy storage systems (ESS), power tools and garden electronics, automated drones, robotics, and medical devices.
Additionally, the company plans to use the funds to open new repair hubs in Poland in 2025 and in Germany in 2026 to support growing demand across Europe.
Additional investments will go towards further developing a Battery Passport system and scaling repair protocols to serve more battery types and use cases.
CEO and serial entrepreneur Prins Doornekamp says, “This funding not only recognizes the work we’ve done so far but also gives us the resources to accelerate our mission: making battery repair and reuse the standard across Europe. We especially want to acknowledge our customers—those who have trusted and work with us in this complex and rapidly evolving space since the beginning.”
NOWOS: Battery repair specialist
Founded in 2019 by Ambre Eppler, Steven Bradshaw, Jan Bartels, and Prins Doornekamp, NOWOS specialises in repairing and reusing lithium-ion batteries.
The company’s mission is to extend the life of batteries, reducing energy and material waste, by specialising in the repair, remanufacturing, diagnostics & maintenance of batteries using original parts.
NOWOS’ other services include eco-engineering, storage and logistics to support the full lifecycle of a battery.
Since its launch in 2019, NOWOS has focused on micro-mobility by repairing batteries for e-bikes, e-mopeds, and kick-scooters.
The Dutch company has worked with customers across Europe, including vehicle manufacturers and fleet operators such as Swapfiets, Dott, Felyx, and Qwic from the Netherlands, Voi from Sweden, Dance in Germany and France, and Fifteen in France.
They also collaborate with Chinese manufacturers like NIU, Phylion, TWS, and Segway-Ninebot.
The company is strategically positioned with operational repair factories in the Netherlands, France, and England, enabling swift responses and adaptability to customer needs.
The company is dedicated to assisting businesses in their social, ecological, and economic transitions by collaboratively shaping the circular economy of lithium batteries.
NOWOS now has hubs in the Netherlands, France, and a partner in the UK.