# Rivus

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

- Industry: Energy Storage & Batteries
- Headquarters: Goteborg, Sweden
- Website: www.rivus-batteries.com
- Total disclosed funding: $2.3M
- Latest round: Seed (Jun 30, 2026)
- Investors on record: 3

## About

Based in Sweden, Rivus is a battery company that specializes in developing organic flow batteries designed for large-scale energy storage, focusing on cost-effectiveness and environmental sustainability.
Founded in 2019 in Gothenburg, Sweden, Rivus Batteries was established by CEO Dr. Cedrik Wiberg and develops organic electrolytes for flow batteries used in large-scale energy storage applications. In July 2026, Rivus Batteries raised EUR 2 million in seed funding led by Turbine Capital, with participation from Almi Invest GreenTech and continued backing from Xista Science Ventures. The round is complemented by EUR 2 million grant funding from new investors Swedish Energy Agency and VINNOVA. The transaction was part of EUR 4 million seed and grant funding.

Rivus specializes in the development of organic flow batteries that utilize organic electrolytes, aimed at making large-scale energy storage both cost-effective and environmentally friendly. Their core product leverages innovative technology to address the increasing demand for sustainable energy storage solutions across various industries. The primary use cases for these flow batteries involve large-scale energy storage applications that support renewable energy integration, grid stability, and efficient energy management. The company serves a diverse client base, including utilities, industrial operators, and renewable energy providers, who are seeking reliable and sustainable energy storage solutions. Rivus markets its products primarily in North America, Europe, and select regions in Asia, focusing on areas with high renewable energy utilization and energy management needs.

The company’s revenue is generated by direct B2B sales of containerized organic flow-battery systems to real estate, industrial, utility, renewable-energy and EV-charging customers, alongside sales of its patented organic electrolytes to existing vanadium flow-battery manufacturers.

The July 2026 funding supports optimization of the company's electrolyte chemistry, scale-up of production through manufacturing partners, and deployment of initial customer pilot projects.

## Funding rounds

- Seed, Jun 30, 2026, $2.3M — ALMI Invest, Xista Science Ventures, Turbine Capital

## Investors

- ALMI Invest — Seed
- Xista Science Ventures (https://capitalatlas.ai/funds/xista-science-ventures) — Seed
- Turbine Capital (https://capitalatlas.ai/funds/turbine-capital) — Seed