Paris, April, 9 2025 at 7am– Shift4Good, the global impact venture capital fund focused on sustainable transportation, is proud to announce its investment in NOWOS, the European leader in lithium-ion battery repair and maintenance. This strategic investment is part of NOWOS’ €6 million equity funding round, alongside Dutch impact investors Fair Capital Impact Fund and Goeie Grutten Impact Fund. An additional €3 million in debt financing is currently being raised.
NOWOS has rapidly emerged as a category leader in Europe’s fast-growing battery circularity sector. In 2024 alone, the company repaired over 90,000 batteries—across 98 different models and 310,000 kilograms of battery mass—offering a compelling alternative to premature recycling or costly replacement.
Trusted by top-tier clients including Dott, Felyx, Dance, Qwic, Fifteen, Voi, Phylion, NIU, Segway-Ninebot and TWS, NOWOS serves both pioneering micro-mobility platforms and global battery manufacturers seeking scalable, sustainable, and cost-effective solutions.
“We’re gaining a mission-aligned investor with deep knowledge of the transportation and circular economy sectors,” said Prins Doornekamp, CEO and Founder of NOWOS. “Their strategic support, network, and shared vision give us a powerful platform to scale, innovate, and lead in a rapidly evolving industry. This is the kind of partnership that creates long-term impact.”
“At Shift4Good, we see impact as a springboard for industrial innovation and business opportunity,” said Yann Marteil, Co-Founder and Managing Partner at Shift4Good. “Our investment in NOWOS reflects that same vision—an industrial venture pairing a strong B2B model with real, scalable environmental benefit. Repairing batteries instead of replacing them isn’t just sustainable—it’s smart business.”
A Strategic Fit in the Circular Economy
This marks Shift4Good’s second investment in the circular economy, following NEU Battery Materials, and its first European deal in the space. Within micro-mobility, NOWOS becomes the third addition to Shift4Good’s portfolio, joining Vapaus (bike leasing) and Laka (e-mobility insurance), reinforcing the fund’s commitment to decarbonizing urban transport.
“We believe the circular economy is evolving into a standalone sector—especially in transportation, which is a heavy consumer of raw materials,” Marteil added. “NOWOS is leading the charge in reducing waste, extending product life, and preserving critical resources.”
NOWOS is well-positioned to help clients meet the EU’s upcoming battery regulations, including the mandate for 70% material recovery by 2030. With over 80% of received batteries still repairable, and repair averaging up to 55% cheaper than replacement, the case for repair-first solutions is only strengthening.
Backing a Multi-Local Model for Scalable Impact
With operational repair hubs in the Netherlands, France, and the UK, NOWOS has already built a multi-local footprint that allows it to serve clients flexibly and efficiently. This localized approach will expand further with the launch of new hubs in Poland and Germany, enabling broader European coverage and faster service.
Shift4Good was particularly drawn to NOWOS’ strong leadership, robust traction, and ambitious roadmap. In addition to expanding into sectors such as energy storage, material handling, drones, power tools, and medical devices, NOWOS is investing in a Battery Passport system to track, repair, and reuse batteries throughout their lifecycle.
“We were impressed by the team’s clarity of vision and execution speed,” said Marteil. “This is the kind of platform that can scale sustainably—and reshape an entire industry.”This partnership exemplifies Shift4Good’s broader mission: to back visionary founders transforming the mobility sector through industrial, impactful, and scalable solutions.
