Swedish energy technology company Rebaba has raised $4.6 million (SEK 44.1 million) in an oversubscribed seed round led by Sistafund, alongside EIT Urban Mobility, with participation from existing shareholders and new European investors. Founded around the reuse of electric vehicle batteries, Rebaba develops circular energy storage systems that combine second-life EV batteries with its proprietary control technology, offering solutions for residential, commercial, industrial and EV-charging applications. The company will use the funding to scale production and commercial operations across Europe, including expanding its Stockholm-based CircularHub to 40 MWh of annual capacity, hiring across multiple roles and preparing to establish...
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