Equinor Ventures led a €30m funding round in Elestor.

Equinor Ventures, a corporate venture capital arm of the Norwegian energy firm Equinor, led a €30m funding round in Elestor, a manufacturer of an energy storage system, with participation from Royal Vopak, Invest-NL, Somerset Capital Partners, EIT InnoEnergy and Enfuro Ventures. “The investment proves that we have earned the trust and support of this diverse group of highly respected investors. During the investment process, coordinated by Deloitte Corporate Finance as Elestor’s exclusive advisor, the investors have carried out a comprehensive technical and operational due diligence that has validated both our technology and our ability to deliver,” Guido Dalessi, Elestor CEO.