Tavion Raises €33.5M Series B to Build 3 GW of European Battery Storage

Tavion Closes €33.5M Series B

Tavion, a Stockholm-based energy company, has raised €33.5 million in Series B funding. The round was led by Leitmotif, with participation from BackingMinds, Course Corrected, and Oberon Capital. The funding was announced on September 10, 2026.

What Tavion Does

Tavion develops, owns, and operates large-scale battery parks across Europe. The company's stated ambition is to deploy 3 GW of storage capacity within five years.

The company was founded in 2026 by CEO Emad Zand, who previously served as CEO of Northvolt's battery systems division. Tavion's first target market is Poland, where it has assembled a national project pipeline of 1.7 GW. That pipeline includes 184 MW at or close to ready-to-build stage.

The Round at a Glance

• Company: Tavion
• Headquarters: Stockholm, Sweden
• Sector: Large-scale battery storage / energy infrastructure
• Round type: Series B
• Amount raised: €33.5 million
• Announced: September 10, 2026
• Lead investor: Leitmotif
• Additional investors: BackingMinds, Course Corrected, Oberon Capital

Why This Round Matters

Tavion sits at the intersection of two dynamics in European energy: the buildout of grid-scale storage to support intermittent renewable generation, and the emergence of a new generation of developers founded by operators with deep industrial experience.

The company's founding team is a case in point. Emad Zand's prior role leading Northvolt's battery systems division places him among the more experienced operators in the European battery sector. Tavion's decision to launch with a defined national pipeline in Poland — rather than a single project — signals a platform approach to development rather than a one-off asset play.

The 184 MW at or close to ready-to-build stage is notable because it represents near-term executable capacity rather than purely speculative pipeline. For a company founded in 2026, having projects at that stage of maturity is a meaningful signal about the pace at which the team has moved.

The Investor Group

Leitmotif led the round, with BackingMinds, Course Corrected, and Oberon Capital also participating. The mix brings together a lead investor with the conviction to anchor the round alongside a set of additional backers supporting the buildout.

What Comes Next

Tavion has stated a five-year target of 3 GW of deployed storage capacity across Europe. With Poland as its first market and a 1.7 GW national pipeline already assembled, the immediate focus is presumably on converting ready-to-build projects into operating assets while continuing to expand the development pipeline.

For observers of European energy infrastructure, Tavion is a company to watch: a well-capitalized, operator-led developer targeting one of the continent's larger storage markets at a moment when grid flexibility is becoming a central constraint on renewable deployment.

Summary

Tavion has raised €33.5 million in Series B funding led by Leitmotif, with BackingMinds, Course Corrected, and Oberon Capital participating. The Stockholm-based company develops, owns, and operates large-scale battery parks, targeting 3 GW of storage capacity within five years, starting with a 1.7 GW pipeline in Poland that includes 184 MW at or close to ready-to-build stage.