The electric vehicle industry in Benelux is evolving rapidly, encompassing manufacturers, battery producers, and charging infrastructure developers. With an emphasis on sustainability, companies are innovating to meet growing demand and regulatory pressures. Notable advancements include the development of solid-state batteries and enhanced charging solutions that promise more efficient energy consumption. Furthermore, government initiatives in the region are pushing for increased adoption of electric vehicles, aiming for a greener future. This exciting industry is positioned for robust growth, driven by technological innovations and an increasing push towards reducing carbon emissions.


The investors highlighted in this list reflect a mixture of public and private entities, ranging from venture capitalists to corporate backers. They operate out of key locations like Amsterdam and Brussels, with varied company sizes significant in this context—the smallest having 1-10 employees and the largest over 10,000. Founded between 1982 and 2021, these investors made a collective total of 282 investments in the electric vehicle sector in 2024, showcasing their strong commitment to advancing sustainable technologies.


Top 14 Electric Vehicle Investors in Benelux


1. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services, including loans, equity investments, guarantees, and advisory services, to support sustainable projects across various sectors. Founded in 1958, the EIB aims to promote growth and job creation by funding initiatives that align with European Union policies. In recent years, the EIB has been actively involved in financing projects in the electric vehicle sector, notably through its significant investments in Northvolt, a company dedicated to battery production for electric vehicles. For instance, in January 2024, the EIB participated in a $5 billion non-recourse project financing for Northvolt to expand its manufacturing capabilities in Sweden. This follows previous debt financing rounds for Northvolt, including $1.6 billion in July 2020 and $400 million in June 2019. These transactions highlight the EIB's commitment to supporting the electric vehicle industry and its critical role in facilitating the transition to sustainable transportation.


2. InnoEnergy

  • Website: innoenergy.com
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 52
  • LinkedIn: innoenergy

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, Netherlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in the energy sector. InnoEnergy collaborates with various stakeholders to tackle challenges related to energy transition and sustainability. Notably, InnoEnergy has made significant investments in the electric vehicle sector, including a €2 million investment in Scoobic, a startup focused on multi-purpose electric vehicles for last-mile delivery. Additionally, they are involved in the battery production space through their participation in funding rounds for Verkor, a company specializing in low-carbon batteries for electric vehicles, which is crucial for the growth of the electric vehicle market. These transactions highlight InnoEnergy's commitment to fostering innovations that support the electric vehicle industry.


3. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Among its notable transactions, the EIC has invested in BroadBit Batteries, which raised $2,888,504 in a grant in October 2021, highlighting its interest in battery technology essential for electric vehicles. Additionally, the EIC has supported other innovative companies like KASI Technologies and wattalps, further demonstrating its commitment to advancing technologies that could impact the electric vehicle industry.


4. EDFI ElectriFI - The Electrification Financing Initiative


EDFI ElectriFI - The Electrification Financing Initiative is a not-for-profit impact investment facility based in Belgium, founded in 2016. It focuses on financing renewable energy projects in developing countries, providing both equity and debt financing along with technical assistance to enhance access to clean energy. Notably, ElectriFI has made significant strides in the electric vehicle sector, exemplified by its recent investment of $1.6 million in Ugandan startup Gogo Electric, which specializes in the production of electric motorcycles and lithium-ion batteries. This investment highlights ElectriFI's commitment to supporting innovative solutions in the electric mobility space. Additionally, ElectriFI has been involved in various other transactions aimed at improving energy access, such as funding for electricity access providers like WeLight and Solar Panda, further showcasing its broader focus on sustainable energy solutions.


5. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition across various sectors, including automotive, technology, and retail. Founded in 2021, Mutares SE & Co. KGaA provides operational support and consulting services to enhance profitability and growth for its portfolio companies. Notably, Mutares has been involved in several significant transactions relevant to the automotive industry, such as the acquisition of PRINZ Kinematics GmbH, which focuses on high-quality automotive technology. This acquisition is part of Mutares' strategy to strengthen its KICO & ISH Group, indicating a clear interest in automotive advancements. Additionally, the firm acquired Efacec, a company that may have synergies with electric vehicle technologies, further showcasing its engagement in sectors that could impact the electric vehicle market.


6. Stellantis

  • Website: stellantis.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: stellantis-slovakia

Stellantis N.V. is a multinational automotive manufacturer based in Amsterdam, Netherlands, founded in 2014. The company produces a wide range of vehicles, including passenger cars and light trucks, and is committed to sustainability and technological advancement. Stellantis has been actively investing in the electric vehicle sector, as evidenced by their participation in a $200 million Series D funding round for Factorial Energy, which focuses on solid-state battery technology. This investment aims to accelerate the commercial production and deployment of innovative battery solutions. Furthermore, Stellantis acquired a stake in Symbio, a joint venture between Faurecia and Michelin, which is likely involved in electric mobility solutions. Their investments in Archer, a company developing eVTOL aircraft, highlight their focus on innovative electric mobility technologies. Overall, Stellantis is positioning itself as a key player in the electric vehicle market through strategic investments in relevant technologies and companies.


7. Brabantse Ontwikkelings Maatschappij (BOM)


De Brabantse Ontwikkelings Maatschappij (BOM) is a development agency based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM supports startups and scale-ups in the Brabant region by offering various programs aimed at enhancing business growth, including readiness programs for venture capital and innovation in sustainable food and energy sectors. BOM collaborates with businesses to provide funding, expertise, and networking opportunities, facilitating their success in competitive markets. Among their notable transactions, BOM invested in Lightyear, which raised over $16 million to develop solar electric vehicles, and GreenFlux, a smart charging platform that secured €11 million in a Series B round to expand its operations in the electric vehicle charging sector. These investments highlight BOM's focus on sustainable and innovative technologies within the electric vehicle industry.


8. Invest-NL

  • Website: invest-nl.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 51-200
  • Number of deals in 2024: 17
  • LinkedIn: invest-nl

Invest-NL is an impact investment firm based in Amsterdam, founded in 2020, that focuses on financing sustainable and innovative projects in the Netherlands. They support entrepreneurs with promising plans for societal transitions, particularly in energy and technology sectors. Notably, Invest-NL has been involved in several significant transactions within the electric vehicle context. They participated in a funding round for Lightyear, a Dutch solar EV startup, raising €81 million to support the production of their solar electric vehicles. Additionally, they co-invested in E-magy, a company specializing in innovative battery materials, which is crucial for the electric vehicle industry. They also supported LeydenJar Technologies, which aims to develop sustainable super-batteries, enhancing energy density for electric vehicles. These investments reflect Invest-NL's commitment to fostering innovation in the electric vehicle sector and contributing to a more sustainable economy.


9. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a venture capital firm and startup accelerator based in Amsterdam, Netherlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities. Notably, Rockstart has been involved in transactions relevant to the electric vehicle industry, such as their investment in IM Efficiency, which aims to enhance the use of solar energy in road freight transportation. This investment reflects their commitment to supporting sustainable and innovative solutions in the transportation sector. Additionally, they have invested in companies like eDRV, which also indicates their engagement with electric vehicle-related technologies. Overall, Rockstart's focus on purpose-driven entrepreneurs aligns with the goals of the electric vehicle industry.


10. SET Ventures

  • Website: setventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: setventures

SET Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2007. The firm is dedicated to advancing a carbon-free energy system by investing in innovative energy technologies and supporting energy entrepreneurs with both capital and insights. Their investment portfolio includes several notable transactions in the electric vehicle sector, such as E-mobilio, a cloud-based platform for electric mobility that raised €9.5M in a Series A round led by SET Ventures in September 2023. They also led a €8.3M Series A funding round for Easelink, a company specializing in automated electric vehicle charging solutions, in January 2022. Furthermore, SET Ventures participated in a Series B round for GreenFlux, a smart charging platform, which secured €11 million in June 2018. These investments highlight SET Ventures' commitment to supporting the growth of technologies that promote electric vehicle adoption and infrastructure.


11. Eneco Wind Belgium S.A.

  • Website: eneco.com
  • Type: Corporate
  • Headquarters: Wavre, Wallonia, Belgium
  • Founded year: 1995
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: eneco-wind-belgium-s-a-

Eneco Wind Belgium S.A. is a corporate investor based in Wavre, Wallonia, Belgium, founded in 1995. The company is dedicated to sustainable energy solutions, providing renewable energy sources such as wind, solar, and heat to consumers and businesses. With a commitment to achieving climate neutrality by 2035, Eneco engages in community projects and biodiversity initiatives to promote sustainable practices. Notably, Eneco has participated in significant transactions relevant to the electric vehicle industry, including an investment in GreenFlux, a Dutch smart charging platform that raised €11 million in a Series B round in 2018. This investment supports the expansion of electric vehicle charging infrastructure, highlighting Eneco's role in facilitating the energy transition and promoting electric mobility. Additionally, Eneco has been involved in other energy-related investments, further solidifying its position as a key player in the sustainable energy landscape.


12. Pon

  • Website: pon.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1867
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: pon

Pon Holdings BV is a family-owned multinational company based in Amsterdam, Netherlands, founded in 1867. The company operates primarily in the transportation and agricultural sectors, manufacturing and distributing bicycles, including electric models, and providing mobility solutions such as bike leasing services. Pon has been actively expanding its presence in the electric vehicle market through strategic acquisitions. Notably, in 2019, Pon acquired Urban Arrow, an electric cargo bike brand, enhancing its portfolio in the electric mobility space. In 2022, Pon further solidified its position by acquiring Veloretti, a Dutch brand specializing in electric city bikes, which is expected to generate a turnover of €42 million. These investments reflect Pon's commitment to promoting sustainable transportation and efficient mobility solutions, catering to both individual consumers and businesses.


13. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm specializes in partnering with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notable transactions include their investment in General Fusion, which raised $65 million in a Series E round, indicating an interest in energy solutions that could relate to electric vehicle technologies. Additionally, their acquisition of Arplas Systems, a provider of resistance projection welding solutions, may have applications in the manufacturing processes relevant to electric vehicle production. Overall, Gimv's diverse investment portfolio and focus on sustainability suggest a potential alignment with the electric vehicle industry.


14. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In the electric vehicle context, Exor has made significant investments in Ultraviolette Automotive, an electric bike maker in India, participating in multiple funding rounds totaling over $25 million. Additionally, Exor has invested in Upway, a France-based e-bike refurbisher, contributing to their Series A and Series B funding rounds, which raised a total of $55 million. These transactions highlight Exor's commitment to the electric mobility sector and its strategy to support innovative companies in this space.



Electric Vehicle Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Investment Bank (EIB)Luxembourg1001-5000195899
InnoEnergyEindhoven, North Brabant, Netherlands201-500201052
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
EDFI ElectriFI - The Electrification Financing InitiativeBelgium11-5020162
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
StellantisAmsterdam, North Holland, Netherlands10001+20147
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
Invest-NLAmsterdam, North Holland, Netherlands51-200202017
RockstartAmsterdam, North Holland, Netherlands11-50201116
SET VenturesAmsterdam, North Holland, Netherlands11-5020075
Eneco Wind Belgium S.A.Wavre, Wallonia, Belgium1-1019951
PonAmsterdam, North Holland, Netherlands10001+18671
GimvAntwerp, Flanders, Belgium51-20019808
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926


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