Endurance Motive

www.endurancemotive.com ↗ ·Canet d'En Berenguer ·Other

Endurance Motive is a Spanish company, based in the Valencia region, that develops, manufactures, integrates and operates lithium-ion battery energy storage systems (BESS). Its customers include utility-scale renewable hybridisation projects and standalone storage plants, and it also supplies battery systems for industrial traction, marine, airport and last-mile electromobility. It builds its systems to automotive-industry manufacturing standards and provides monitoring through its own energy management system. The company reports more than 5,500 batteries manufactured, over 100 MWh installed and activity in more than 19 countries. In 2025 its revenue grew 41% to €8.8 million and it delivered its first utility-scale BESS systems, including a first large international order in Mexico. Carlos Navarro and Ander Muelas founded the company in 2018. In 2021 it closed a €2 million round, part of it raised through the Sociosinversores.com crowdfunding platform, and listed on BME Growth. It has since been financed through convertible loan facilities, including from Nice & Green and Alpha Blue Ocean.

Founded
2018
Founders
2
Total funds raised
€2.7M
Rounds
2
Investors
4
Last round
Mar 2021
SectorsEnergy Storage, Batteries, Electromobility, Renewable Energy Start-up MapEnergy & Climate › Batteries & EV charging

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Founders

Ander Muelas
Co-Founder & Chairman
Carlos Navarro
Co-Founder & CEO

Global models 5

Northvolt
Made lithium-ion batteries built to automotive standards and sold grid storage systems (Voltpack) plus industrial and traction packs, the same product mix as Endurance Motive; it filed for bankruptcy in 2024-25.
~$15B (equity and debt)Comparable
Hithium
Makes LFP lithium-ion batteries and complete BESS containers for utility-scale renewable and standalone storage projects.
~$1.4BComparable
Form Energy
United States · formenergy.com ↗
Makes and supplies utility-scale battery storage systems to power companies, though it uses iron-air batteries rather than lithium-ion.
~$1.3BComparable
Energy Vault
Builds, integrates and runs lithium-ion BESS for utility and renewable hybrid projects using its own energy management software.
~$400M (before going public)Comparable
EnerVenue
United States · enervenue.com ↗
Makes battery storage systems for utility-scale and commercial renewable storage projects, using nickel-hydrogen rather than lithium-ion batteries.
~$300MComparable

In the same niche 27 others

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Notes: Most funded first

Investors 4

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Funding rounds 2

·2 not counted
DateRoundAmountLead
Not counted (2)

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