AVILOO, the Vienna-area battery diagnostics firm, secured a €30 million strategic investment. Armira Growth and Invest AG acquired shares previously held by the European Innovation Council Fund. The deal adds them alongside Raiffeisen KMU Invest as key shareholders. Regulatory antitrust approval is still required.
Highlights
- Armira Growth and Invest AG invest approximately €30 million in AVILOO, acquiring all EIC Fund shares and joining Raiffeisen KMU Invest as key shareholders.
- AVILOO serves more than 750 clients across 30 countries, including OEM dealer networks, leasing operators, and inspection organizations.
- The company reports year-over-year growth exceeding 100% and plans accelerated expansion into the United States and Asia.
- AVILOO’s diagnostic database now exceeds 550,000 tests, covering more than 96% of EVs currently on the road.
Independent Battery Diagnostics at Scale
Founded in 2018 by Wolfgang Berger and Nikolaus Mayerhofer, AVILOO has grown into a global provider of independent battery health assessments for used EVs and plug-in hybrids. The company’s FLASH Test delivers results in approximately three minutes. Its diagnostic approach combines proprietary hardware, software, and data analytics.
AVILOO differentiates itself from simple data-readout providers through manufacturer-independent testing. CEO Marcus Berger and the founding team retain strategic leadership and a significant ownership stake.
Growing Customer Base and Global Reach
AVILOO’s client roster spans OEM dealer networks, leasing and fleet operators, inspection organizations, and automotive service providers. Notable customers include:
- British Car Auction
- Cox Automotive
- ADAC
- Emil Frey
- Pickles Australia
- Arval
Automotive manufacturers Hyundai and Mercedes-Benz have also integrated AVILOO diagnostics into their dealer ecosystems. The company operates across Europe, Asia, Australia, and the United States.
Data-Driven Competitive Advantage
AVILOO’s continuously expanding database draws from more than 550,000 completed tests. This dataset reflects real-world battery performance across vehicle models, usage patterns, and lifecycle stages. All analysis methods and certificates carry TÜV and CARA certification.
The FLASH Test is currently the fastest comprehensive diagnostic solution available globally. It provides detailed reports and certificates on State of Health and defect detection for drive batteries.
Investment Fuels Expansion Plans
The new capital will support product development and international growth. The company is targeting the U.S. and Asian markets and has several high-profile partnerships and market launches planned for 2026.
AVILOO CEO Marcus Berger described the investment as a decisive step for the company. He noted that the independent diagnostics platform has established a new market standard. Berger credited the EIC Fund’s early support and expressed confidence in the reinforced shareholder base.
Armira Growth’s Florian Tappeiner said the firm invests in resilient business models with clear technological differentiation. He pointed to projections showing the global EV market tripling to approximately 150 million vehicles by 2030. Tappeiner indicated that battery certification is expected to become a standard industry requirement.
Invest AG’s Christoph Hikes said the foundation for a global rollout has been established in recent months. He stated that the new shareholder structure will accelerate that expansion further.
About the Companies
AVILOO develops and markets precise, manufacturer-independent battery diagnostics for electric and plug-in hybrid vehicles. More information is available at https://aviloo.com/en/pressroom.
Armira is a European investment holding that partners with entrepreneur-led and family-owned companies. The firm manages approximately €5 billion in capital with over 30 platform investments. Visit www.armira.de/en/.
Invest AG information is available at www.investag.at.
Raiffeisen KMU Invest AG focuses on start-up and scale-up investments in energy, technology, and health sectors. More details at www.rbhooe.at.
The EIC Fund from the European Commission supports development and commercialization of disruptive technologies. Learn more at https://eic.ec.europa.eu/eic-fund_en.
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