European Investment Bank (EIB) awards BASQUEVOLT as most promising start-up in batteries value chain

European Investment Bank (EIB) awards BASQUEVOLT as most promising start-up in batteries value chain

• At The Business Booster (TBB) event, organized by EIT InnoEnergy, the European Investment Bank (EIB) recognized BASQUEVOLT as the "Most Promising start-up in batteries value chain“.
• This award highlights BASQUEVOLT’s pivotal role in advancing the European battery supply chain and reflects the company´s commitment to driving technological leadership in the region.
• It stands as a prime example of how disruptive innovation can reshape the status quo and fuel Europe´s ambition for leadership in cutting-edge technology.

Francisco Carranza, CEO BASQUEVOLT, stated that “Europe has not only the potential for achieving a domestic supply matching the EU’s demand in 2030, but also the capabilities to ensure technology sovereignty.” Without European companies having a differentiating technology, the industrial deployment of the battery supply chain does not automatically bring high value-added jobs or enough independence from Asia to ensure its long-term economic sustainability.

Europe has set ambitious electrification targets, but to successfully navigate the energy transition—particularly in mobility—the European industry faces the challenge of making electric vehicles both affordable and economically sustainable. To meet this challenge, it is crucial to align decarbonization goals with competitiveness. To that end, the battery supply chain being developed in Europe needs: Ensure long-term financial profitability despite fierce competition from Asia. Produce affordable batteries that enable every European citizen to access electric mobility.Europe has the innovation capabilities to lead the future of electrification by introducing more efficient battery technology that maximizes Earth’s resources, stores more energy per kilogram of material, requires less energy in production, and has a significantly lower environmental impact. This is precisely BASQUEVOLT’s mission: to democratize access to electrification by delivering lighter, more affordable, and more sustainable batteries to the market.

About European Investment Bank (EIB)

The European Investment Bank (EIB) is the lending arm of the European Union and the world´s largest multilateral lender. As the EU´s climate bank, the EIB focuses on promoting sustainable investment to foster economic growth, innovation, and social progress. It provides financing and expert advice for projects that address global challenges such as climate action, infrastructure development, energy transition, and innovation. Headquartered in Luxembourg, the EIB supports projects both within the European Union and around the world, contributing to the EU’s key objectives of competitiveness, economic resilience, and sustainability.