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Utrecht-based smart battery maker raises €27 million

Utrecht-based smart battery maker raises €27 million

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Published on: April 29, 2025

Iwell, a maker of smart battery systems from Utrecht, has raised €27 million in growth capital. The money comes from Invest-NL, Rabobank and French investor Meridiam. Iwell wants to use the capital injection to grow faster in other European countries, including Germany and the United Kingdom.

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