Prime Batteries, based in Bucharest, specializes in technologically advanced and independent energy storage solutions within the EU. The company operates a fully integrated value chain, producing the entire storage system in-house, from battery cells to proprietary battery management software, ensuring cost-competitiveness.

T2Y Capital aims to support Prime Batteries' international expansion, particularly by scaling global sales and increasing production capacity from the current two gigawatts to over eight gigawatts by 2030.

"The company is a technology leader and is well-established in the EU with a profitable business model,” said Benedikt Friedrich, Managing Director Investments at T2Y Capital.

Vicențiu Ciobanu, CEO of Prime Batteries, added, "We can now further scale up our production capacity." 

This investment aligns with T2Y Capital's strategy to build European champions in the energy transition. The fund focuses on investments in the double- to triple-digit million-euro range. 

T2Y Capital was advised by AFRY (commercial), PwC (financial and tax), and Clifford Chance Badea (legal).