EPowerlabs — Seed (estimated) · €3M

EPowerlabs closed a €3M round led by Lazpiur, a Gipuzkoa industrial group that works in automotive. Itzarri EPSV, Ezten (FCR managed by Gestión de Capital Riesgo del País Vasco, SPRI Group), Easo Ventures and existing investors also took part. The money goes to scaling production of electric traction systems after supply contracts with vehicle makers in Spain, France and India. Separately, the company had obtained about €2M in EU Next Generation grants, which are not part of the round. NORGESTION advised on the deal. Later NX Technologies reports put the private round at €3.2M.