Rebaba closes $4.6M seed to scale second-life battery storage across Europe

Swedish energy technology company Rebaba has raised $4.6 million (SEK 44.1 million) in an oversubscribed seed round to expand its battery energy storage systems using repurposed electric vehicle batteries. The round was led by Sistafund alongside EIT Urban Mobility , with participation from existing shareholders and new European investors. Founded by Paula Runsten and Felix Kruse , Rebaba develops energy storage systems that give used electric vehicle batteries a second life.