# Maxwell and Spark Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maxwell-and-spark-group-b-v

- Industry: Energy Storage & Batteries
- Headquarters: Rotterdam, Netherlands
- Website: www.maxwellandspark.com
- Total disclosed funding: $15M
- Latest round: Series B (Oct 24, 2025)
- Investors on record: 4

## About

Based in the Netherlands, Maxwell and Spark Group B.V. develops high-performance lithium-ion battery solutions tailored for diverse applications, enhancing efficiency and sustainability across various sectors.Maxwell and Spark Group B.V. specializes in innovative battery technology with a headquarters in Rotterdam, Netherlands. Founded in 2017, the company has executed one deal, raising USD 10.48 mn in Series B funding on September 4, 2025, from Alantra. The founder's history is not detailed, and there are no indications of any major pivots or subsidiaries.Maxwell and Spark specializes in high-performance lithium-ion battery solutions designed for applications in material handling, transport refrigeration, and static power systems. Their core products include the motive.li series for materials handling, the advantage.li system for electric transport refrigeration, and secure.li and standby.li solutions for static power needs. These products replace traditional diesel-powered systems, enhancing efficiency and sustainability in logistics operations. Their clients range from industrial mobility systems to supermarkets, food distributors, and pharmaceutical supply chains across South Africa, the European Union, and the United States. By innovating in battery technology, Maxwell and Spark addresses critical end-use cases such as electrifying transport logistics and improving cold-chain management, ensuring their offerings meet the rigorous demands of various sectors.The revenue model for Maxwell and Spark is structured around direct sales and partnerships, focusing on B2B transactions. The company engages with a diverse client base that invests in their advanced battery technologies for improved operational efficiency. Transactions typically involve flagship products like the advantage.li transport refrigeration units or motive.li batteries, tailored to specific customer needs in cold-chain logistics and materials handling. Pricing structures are based on product specifications and performance capabilities, ensuring customers receive solutions that align with their operational goals. By leveraging their expertise in lithium-ion technology, Maxwell and Spark facilitates long-term partnerships that emphasize sustainable practices and operational excellence. In October 2025, Maxwell and Spark Group B.V. raised USD 15 million in Series B funding led by new investor Alantra, with participation from other new investors Idemitsu Kosan and Chevron Technology Ventures. The company plans to launch new products in the near future, focusing on enhancing their existing battery solutions and potentially introducing new innovations to meet market demands. Additionally, they aim to expand into new markets, specifically targeting regions in Europe and North America by 2026, leveraging the recent funding to bolster these growth strategies.

## Funding rounds

- Series B, Oct 24, 2025, $4.5M — Chevron Technology Ventures, Idemitsu Kosan
- Series B, Sep 4, 2025, $10M — Alantra
- Series A, Oct 1, 2021 — Fairtree Capital

## Investors

- Fairtree Capital (https://capitalatlas.ai/funds/fairtree-capital) — Series A
- Alantra (https://capitalatlas.ai/funds/alantra) — Series B
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series B
- Idemitsu Kosan — Series B