Harbinger Valuation, Funding & Investors

Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.

Eve Holding Inc is a provider of Urban Air Mobility solutions. The company's operating segments are; eVTOL that includes; the design and production of electric vertical take-off and landing vehicles (eVTOLs) including fixed wing and helicopter operators, as well as lessors that purchase and manage aircraft on behalf of operators; Service and Operations Solutions segment which includes a portfolio of maintenance and support services focused on its and third-party eVTOLs; and the UATM segment , a new Urban Air Traffic Management system designed to allow eVTOLs to operate safely and efficiently in dense urban airspace alongside conventional aircraft and drones.

Stark Future is a Barcelona-headquartered manufacturer of electric motocross motorcycles founded in 2019. The company produces the Stark VARG model, featuring 80 horsepower, a silent electric motor, smartphone-integrated dashboard, and customizable setup via mobile app. Stark Future incorporates dozens of patents in battery and chassis technology to deliver high-performance off-road vehicles aimed at reducing emissions in motorsports.

Solid Power Inc is engaged in solid-state battery technology and manufacturing processes. Its core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. Its commercialization plan is to manufacture and sell electrolytes to Tier 1 battery manufacturers and automotive original equipment manufacturers (OEMs) that choose to produce its battery cells.

Pure Watercraft is a designer and manufacturer of battery-electric outboard propulsion systems for recreational and commercial boats. Based in the United States with production in Denver, Colorado, its 50-175 horsepower motors deliver quiet, zero-emission performance up to 50 nautical miles range. Compatible with boats from 16 to 50 feet, the systems integrate lithium-ion batteries and digital displays, reducing fuel costs by over 90 percent compared to gas engines.

Battery Smart is a Delhi-headquartered network operating over 1,000 battery swapping stations for electric two-wheelers and three-wheelers across 35 Indian cities. Founded in 2019, it deploys interoperable 48V lithium-ion twin battery packs compatible with Bajaj, Piaggio, and Mahindra e-rickshaws, enabling 60-kilometer range per swap.

Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets.

Upway is an e-commerce marketplace specializing in refurbished electric bicycles with warranties and delivery. Paris-headquartered since 2020, it sources bikes from private sellers and fleets, refurbishing over 100 checkpoints on batteries, motors, and frames. Upway offers city, cargo, MTB, and folding models from brands like Specialized and Trek, operating in France, Germany, and the Netherlands with trade-in programs.

Eos Energy Enterprises Inc designs develop, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial & industrial (C&I) applications. The solutions are used in the utility sector, the renewable energy sector, and the industrial sector.

T1 Energy Inc is an energy solutions provider building an integrated U.S. solar supply chain for solar modules to invigorate the United States with scalable, reliable, and low-cost energy. It is manufacturing and selling photovoltaic (PV) solar modules in Texas and is constructing a PV solar cell fab in Texas. The company produces PV solar modules that employ energy-efficient Passivated Emitter and Rear Contact (PERC) and Tunnel Oxide Passivated Contact (TOPCon) technologies. Its single operating segment derives its revenues from the manufacturing and sale of PV solar modules. It sells PV solar modules to utility-scale developers, C&I, and residential end users.

Zunder is a Spanish electric-vehicle charging network operator that develops and runs high-power charging stations across southern Europe. Drivers use its mobile application or roaming partners to locate chargers, start sessions and pay for electricity. The network serves long-distance travel corridors as well as destination sites and is designed around rapid charging and reliable station availability. Zunder works with landowners and infrastructure partners to secure sites, build grid connections and operate the charging equipment. The company was founded in Palencia in 2017 under the EasyCharger name and later adopted the Zunder brand. By 2024 it operated in Spain, France and Portugal, with more than 150 stations and over 800 charging points. Revenue comes from electricity sold through the network and associated charging services.

ADS-TEC Energy PLC produces, develops, and markets battery-buffered EV charging systems infrastructure, battery storage systems, and cloud-based services that enable the customer to control and manage the system. The company generates revenue mainly through the sale of its products, services, and Big-LinX. Geographically, it derives a majority of its revenue from Germany.

RattanIndia Enterprises Ltd is an investment holding company. The company focuses on businesses such as e-commerce, electric vehicles, fintech, and drones. The segments of the company are Retail- E-commerce business, EV (E-Motorcycles), and Investments. The company generates maximum revenue from the Retail- E-commerce business segment.

Kempower Corp designs, manufactures and commercializes charging solutions and services for electric vehicles and machines. Geographically, it derives a majority of its revenue from Rest of Europe regions and it also has a presence in Nordics, North America and Rest of the World. Its charging solutions include Kempower Power Unit; Kempower Movable Charger; Kempower Station Charger; Kempower ChargEye for Depots; Kempower ChargEye for CPOs and others.

Phylion Battery, founded in 2003 and based in Suzhou, China, researches, develops, manufactures, and sells lithium-ion batteries for electric bicycles, electric logistics vehicles, electric vehicles, and energy storage systems. The company holds international patents for its lithium manganese anode material and operates production bases in Suzhou and Chuzhou along with subsidiaries in Europe and India, exporting batteries to 22 countries. Phylion has sold more than 21 million battery units cumulatively and has led global light-electric-vehicle battery sales for four consecutive years, complementing its core technology with high-energy iron lithium chemistry for specialized applications.

Voyah Automobile Technology Co Ltd is an intelligent NEV brand under DFM, one of the Chinese vast central state-owned automobile groups. The group designs, develops, and sells premium NEVs, epitomizing the leap from manufacturing to smart manufacturing among Chinese brands. Drawing on the DFG's automotive manufacturing heritage, it achieves breakthroughs in safety, battery-motor-control systems, and smart technologies. The group focused on the premium segment in China's NEV market. It has launched five NEV series, such as the VOYAH FREE series, a mid-to large-sized SUV; the VOYAH DREAM series, which is a flagship luxury MPV; the VOYAH PASSION series, a flagship sedan; the VOYAH COURAGE series, a mid-sized SUV; and the VOYAH TAISHAN series, a flagship six-seat full-size SUV.