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...
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