Fagor Ederbatt — Other · €4.72M

Fagor Ederbatt (incorporated in May 2022 as EG Battery Solutions SL with €80,000 of capital) was recapitalised and relaunched under its new name via a €4,720,000 capital increase registered in the Gipuzkoa commercial registry on 2025-05-14, taking subscribed share capital to €4.8M; the deal was made public by MONDRAGON/Fagor on 2025-05-29. New money came from industrial and financial partners of the MONDRAGON cooperative group - Fagor Ederlan taking the largest stake at close to 50%, alongside Orkli, Mondragon Assembly, Ikerlan, MONDRAGON Corporation and the Basque public venture capital fund Ezten FCR (SPRI Group) - to fund the LFP battery line and capacity expansion toward a €30M revenue target in 2030. Classified as 'Other' because no source places it on the venture ladder: it is the capitalisation of a corporate spinout rather than a staged VC round. Separately, the company's R&D has been supported by public grant programmes (SABRE, INBATT, SOLIDBATT), which are not funding rounds and are excluded.