# EPowerlabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/epowerlabs

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Donostia, Spain
- Website: www.epowerlabs.com
- Total disclosed funding: $3.2M
- Latest round: Seed (Nov 30, 2022)
- Investors on record: 5

## About

EPowerlabs specializes in validation testing for electric powertrain systems, providing essential services for components like e-motors and fuel cells. The company is dedicated to enhancing the efficiency of electric mobility technologies.Founded in 2019 in Donostia, Spain, EPowerlabs focuses on testing electric powertrain systems. The firm has completed 2 deals, with its most recent funding round occurring on November 30, 2022. The company raised EUR 3 million in Seed funding led by Lazpiur, with participation from Gestion de Capital Riesgo del País Vasco, Itzarri, Seaya Capital Gestion S.G.E.I.C., S.A., and returning investor Easo Ventures. The founders, Mikel Arrillaga and Mikel Galdós, emphasize their expertise in the electric mobility sector.EPowerlabs specializes in the validation of electric powertrain systems, offering tailored testing solutions for critical components to electric mobility, including e-motors, inverters, e-axles, and fuel cells. Operating the largest electric powertrain testing laboratory in Southern Europe, EPowerlabs utilizes advanced AVL test rigs for comprehensive testing capabilities, such as thermal management, noise, vibration, and harshness (NVH) analysis, and endurance testing. Their services cater to automotive manufacturers and technology firms to help validate electric propulsion systems across diverse markets in Europe, North America, and parts of Asia.EPowerlabs generates revenue through a B2B model by providing testing services tailored to the project needs of OEMs and Tier 1 suppliers in the automotive industry. Revenue is derived from contractual agreements for customized testing services, ensuring effective alignment with clients' developmental timelines and compliance needs. The company's offerings emphasize collaboration and clear communication throughout the testing process, positioning them as an extension of their clients' engineering teams.In November 2022, EPowerlabs raised EUR 3 million in Seed funding to scale up its production capabilities. The company is focusing on expanding its market presence, particularly in regions with increasing electric vehicle adoption. Specific target markets for this expansion include parts of Europe and North America, with plans to increase operational capacity by the end of 2023. The funding will support the development of new testing technologies and an increase in testing throughput to better meet the rising demand in the electric mobility sector.

## Funding rounds

- Seed, Nov 30, 2022, $3.2M — Inveready Asset Management, Gestion de Capital Riesgo del Pais Vasco, Itzarri, Seaya Capital Gestion S.G.E.I.C., S.A., Lazpiur

## Investors

- Inveready Asset Management (https://capitalatlas.ai/funds/inveready-asset-management) — Seed
- Gestion de Capital Riesgo del Pais Vasco (https://capitalatlas.ai/funds/gestion-de-capital-riesgo-del-pais-vasco) — Seed
- Itzarri — Seed
- Seaya Capital Gestion S.G.E.I.C., S.A. — Seed
- Lazpiur — Seed