FFagor Ederbatt
Fagor Ederbatt designs, manufactures, and commercializes high-voltage lithium-ion battery systems (NMC and LFP chemistries) for non-automotive electric mobility applications, including electric/hydrogen buses, marine vessels, rail, agricultural and light commercial vehicles. It is a corporate spinout promoted by the Fagor Ederlan Group (part of the MONDRAGON cooperative corporation) rather than a VC-backed startup, based in the Basque Country; it reached series production in 2024 and targets €30M revenue by 2030.
SectorsBattery Systems, Electric Mobility, Energy Storage, Industrial Manufacturing
Start-up MapEnergy & Climate › Batteries & EV charging
Founders
A
Aurelio González Hernantes
Chief Executive Officer
Global models 5
MMicrovast
United States · microvast.com ↗
Designs and manufactures lithium-ion battery systems for commercial vehicles such as buses, trucks and off-highway machinery, sold to OEMs.
~$800MComparable
FForsee Power
France · www.forseepower.com ↗
Designs and makes high-voltage battery systems for buses, rail, marine and off-highway vehicles, sold B2B to non-automotive OEMs.
~$150MComparable
CCorvus Energy
Norway · corvusenergy.com ↗
Manufactures lithium-ion energy storage systems for marine vessels and ports, sold to shipbuilders and operators.
~$150MComparable
R
Romeo Power
United States
Designed and manufactured battery modules and packs for commercial and heavy-duty electric vehicles, sold to vehicle OEMs.
~$130MComparable
X
Xerotech
Ireland · www.xerotech.com ↗
Builds modular high-voltage battery packs for off-highway, industrial, marine and specialist vehicle OEMs.
~$80MComparable
In the same niche 27 others
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Notes: Most funded first
Investors 6
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MMONDRAGON Ventures
mondragon-corporation.com
SSPRI
spri.eus
FFagor Ederlan
IIKERLAN
MMondragon Assembly
O
Orkli
Funding rounds 1
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2025-05-29 | No stage disclosed | €4.72M |
Fagor Ederlan
+5 more
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