Delft-based CarbonX secures €2.5M EIC Accelerator grant

Delft-based CarbonX, announced that it has been selected for the European Innovation Council (EIC) Accelerator grant.

Competing against 1,211 proposals, the Dutch company was chosen among 71 leading companies in the most competitive funding round.

As a part of the selection, CarbonX gets blended finance including a €2.5M grant and €5M equity package to accelerate product development and market expansion.

“I am very proud of this accomplishment, successfully coming through a tough application process and completing rigorous due diligence – this is a great validation of our technology and demonstrates a complete product offering at the right price. With the support of the EIC we will accelerate the realisation of a fully independent European supply chain for critical battery materials” – says Rutger van Raalten, CEO of CarbonX. 

EIC Accelerator

The EIC Accelerator programme supports individual Small and Medium Enterprises (SMEs), particularly startups and spin-out companies, to develop and scale ground-breaking innovations.

The programme offers startups and SMEs grants of up to €2.5M combined with equity investments through the EIC Fund ranging from €0.5M to €15M. 

In addition, EIC-selected companies also receive coaching, mentoring, access to investors and corporates, and other opportunities.

CarbonX: Delivering better battery performance

Founded in 2014 by Rutger Van Raalten and Daniela Sordi, CarbonX offers an alternative: a locally produced carbon anode material that matches the cost of Chinese graphite while providing fast-charging capabilities, enhanced battery lifetime, and a reduced carbon footprint.

With its proprietary feedstock technology, the company enables cell manufacturers and EV OEMs to source critical anode materials locally in high volumes.

Strategically headquartered near Delft University of Technology in the Netherlands, CarbonX offers comprehensive support for battery cell validation and lays the foundation for localised supply chains in Europe and the U.S.