Battery diagnostics company AVILOO receives €30m investment

Armira Growth makes €30m strategic investment in Austrian EV battery diagnostic expert AVILOO.

As part of the transaction, Armira Growth and Invest AG jointly acquired all shares previously held by the European Innovation Council Fund, one of AVILOO’s earliest investors. It joins Raiffeisen KMU Invest as a key shareholder. The investment is subject to regulatory antitrust approval.

Since its founding in 2018 by Wolfgang Berger and Nikolaus Mayerhofer, AVILOO has grown from an Austrian start-up into a global supplier of independent battery diagnostics for used electric vehicles and plug in hybrids. 

The expanded shareholder base will provide a capital foundation to support AVILOO’s continued growth. Strategic leadership of the company remains in the hands of chief executive Marcus Berger and the founding team, Nikolaus Mayerhofer and Wolfgang Berger, who continue to hold a significant stake in the company.

AVILOO’s product offering provides an manufacturer independent assessment of battery health. AVILOO’s diagnostic technology combines in-house developed hardware, software and data driven analytics to deliver a reliable, objective assessment of battery health. 

AVILOO’s products are used by a customer base comprising more than 750 clients across 30 countries. This includes OEM dealer networks, leasing and fleet operators, inspection organisations and automotive service providers. Customers include leading industry operators such as British Car Auction, Cox Automotive, ADAC, Emil Frey, Pickles Australia and Arval among others. In addition, automotive manufacturers such as Hyundai and Mercedes Benz have integrated AVILOO diagnostics into their dealer ecosystems.

AVILOO is active across Europe, Asia, Australia and the United States and intends to expand its international footprint to meet rising demand for transparency and trust within the used EV market globally. 

Armira Growth´s investment will accelerate AVILOO’s new product development and international expansion, with a particular focus on the United States and Asia. It will also support major strategic partnerships with several high-profile market launches planned for 2026.

AVILOO CEO Marcus Berger said: “This investment marks an important milestone for AVILOO’s continued development. With our independent battery diagnostics, we have set a new standard that is unmatched in the market. With the support of Armira Growth, Invest AG and Raiffeisen KMU Invest we are well positioned to accelerate our international expansion.”

Florian Tappeiner of Armira Growth added: “We invest in resilient business models that demonstrate a clear technological differentiation. With the global EV market expected to triple in size to around 150 million vehicles by 2030, transparency around battery condition will become increasingly critical. We expect battery certification to become a standard requirement and AVILOO is very well positioned to scale its solution globally.”

Christoph Hikes of Invest AG said: ‘In recent months, the foundation has been laid for a global rollout, which will now be accelerated even further under the new shareholder structure. AVILOO has set a new standard in the rapidly growing market of independent battery diagnostics.”