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Energy Tech Series B Founded 2017

Maxwell and Spark

Maxwell and Spark (maxwell+spark) engineers rugged lithium-ion battery solutions that eliminate fossil fuels in industrial power systems, providing clean energy alternatives for materials handling, transport refrigeration, and static power applications. The company's product portfolio includes motive.li industrial heavy-duty traction batteries for forklifts and materials handling equipment in warehouses and…

📍 Rotterdam, Netherlands · Energy Storage Tech

Funding snapshot

Last roundSeries B
Amount$15M
Date9 September 2025
Total raised$15M
Team size112

About

Maxwell and Spark (maxwell+spark) engineers rugged lithium-ion battery solutions that eliminate fossil fuels in industrial power systems, providing clean energy alternatives for materials handling, transport refrigeration, and static power applications. The company's product portfolio includes motive.li industrial heavy-duty traction batteries for forklifts and materials handling equipment in warehouses and distribution centers; fridge.li and advantage.li electric transport refrigeration systems for cold-chain logistics replacing diesel-powered refrigeration in supermarkets, food distribution, and pharmaceutical supply chains; and static power solutions including standby.li, secure.li, and ecosolar for telecom towers, data centers, solar and wind farms, and off-grid operations supporting 5G and 6G networks. The company also implements circular economy principles by giving motive batteries second and third lives through repurposing for stationary applications. With over 7 years of proven field performance, maxwell+spark delivers industry-leading total cost of ownership, emissions reductions, and ROI. Engineering and manufacturing operations are based in Durban (South Africa), Rotterdam (EU), and Dallas (US), with regional service partners across Africa, Europe, and North America, supported by remote diagnostics and telemetry monitoring. Founded in 2017 and headquartered in Rotterdam, Netherlands, the company has raised approximately $15 million at the Series B stage from investors including Fairtree, Alantra, Chevron, and Idemitsu Kosan.

Business model

Energy Storage Tech > Energy Storage System > Lithium Ion > Commercial

Institutional investors

Fairtree Alantra Chevron Idemitsu Kosan

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