Insider Brief
- CarbonX has been selected for the European Innovation Council (EIC) Accelerator grant, securing €2.5M in grants and €5M in equity funding.
- Chosen among 71 leading companies from 1,211 proposals, CarbonX aims to revolutionize active anode material supply and replace graphite in Europe’s automotive battery sector.
- CEO Rutger van Raalten highlights this as a validation of CarbonX’s technology, accelerating the establishment of an independent European battery material supply chain.
PRESS RELEASE – CarbonX has announced its selection for the prestigious European Innovation Council (EIC) Accelerator grant, marking a significant milestone in its mission to revolutionize active anode material supply in Europe. Competing against 1,211 proposals, CarbonX was chosen among 71 leading companies in the most competitive funding round to date. This achievement highlights CarbonX’s cutting-edge technology, commercial maturity and commitment to sustainability.
The awarded blended finance includes a €2.5m grant and €5m equity package to accelerate product development and market expansion, solidifying CarbonX’s role in replacing graphite in Europe within the automotive battery green technology sector.
“I am very proud of this accomplishment, successfully coming through a tough application process and completing rigorous due diligence – this is great validation of our technology and demonstrates a complete product offering at the right price. With support of the EIC we will accelerate the realisation of a fully independent European supply chain for critical battery materials” – says Rutger van Raalten, CEO of CarbonX.
CarbonX acknowledges the support and help received from customers as well as ZAZ Ventures with the EIC application, this collaboration is testimony to the desire to build a viable European supply chain and the endorsement that CarbonX will be part of this.
