Armira Growth has invested approximately €30 million in AVILOO, an independent battery diagnostics specialist for electric and plug-in hybrid vehicles. As part of the transaction, Armira Growth and Invest AG jointly acquired all shares previously held by the European Innovation Council Fund, joining Raiffeisen KMU Invest as key shareholders. The investment is subject to regulatory antitrust approval and will strengthen AVILOO’s capital base to support continued global expansion.
Founded in 2018 by Wolfgang Berger and Nikolaus Mayerhofer, AVILOO has developed into a market leader in independent battery health assessments for used EVs and plug-in hybrids. The company’s diagnostics combine proprietary hardware, software, and data-driven analytics to deliver an objective, manufacturer-independent evaluation of battery condition. The AVILOO FLASH Test provides results in approximately three minutes and can be applied to more than 96% of electric vehicles in service. To date, AVILOO has performed over 550,000 tests, creating a unique database of real-world battery performance.
AVILOO’s customer portfolio now includes more than 750 clients in over 30 countries, spanning OEM dealer networks, leasing and fleet operators, inspection organizations, and automotive service providers. High-profile customers include British Car Auction, Cox Automotive, ADAC, Emil Frey, Pickles Australia, and Arval. Automotive manufacturers such as Hyundai and Mercedes-Benz have also integrated AVILOO diagnostics into their dealer networks. The company has maintained annual growth rates above 100% and operates across Europe, Asia, Australia, and the United States.
Armira Growth’s investment will accelerate AVILOO’s new product development and international expansion, with a particular focus on the United States and Asia. The funding will also support strategic partnerships and market launches planned for 2026. Chief Executive Officer Marcus Berger noted, “This investment marks an important milestone for AVILOO’s continued development. 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, “Transparency around battery condition will become increasingly critical in the rapidly growing EV market, and AVILOO is well positioned to scale its solution globally.”
Source: AVILOO – Press Release
