Battery diagnostics specialist Aviloo secures €30 million

Vienna-based battery testing company Aviloo has secured a €30 million investment from Armira Growth. The funding will support Aviloo's continued growth and establish the company as a market leader in EV battery diagnostics.

Batteriezertifikat aviloo — Image: Aviloo

As part of the transaction, Aviloo has secured €30 million in growth capital from Armira Growth, while its shareholder structure has also undergone further changes. Armira Growth, together with the private equity firm Invest AG, has additionally bought out the European Innovation Council Fund (EIC), one of Aviloo’s earliest investors. As a result, Armira Growth, Invest AG, and Raiffeisen KMU Invest are now the company’s largest shareholders.

Aviloo CEO Marcus Berger views the arrival of the new investors as a strategic milestone for the company’s future: “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.” He added: “With the support of Armira Growth, Invest AG and Raiffeisen KMU Invest we are well-positioned to accelerate our international expansion.”

With the fresh capital, Aviloo plans to accelerate its product development and international expansion, with a particular focus on the United States and Asia. The investment will also drive strategic partnerships, and Aviloo expects to launch several market introductions later this year.

Founded in 2018, Aviloo has established itself as one of the leading providers of independent battery diagnostics for used battery-electric and plug-in hybrid vehicles. Today, over 750 customers across more than 30 countries rely on Aviloo’s solutions—ranging from OEM dealer networks and fleets to remarketing platforms and inspection organisations. Key clients include ADAC, British Car Auctions, Cox Automotive, Emil Frey, Pickles Australia, and Arval. Additionally, automotive manufacturers such as Hyundai and Mercedes-Benz have integrated Aviloo’s diagnostics into their dealer ecosystems. After all, the value of an electric vehicle is significantly dependent on the state of health (SoH) of its traction battery—and Aviloo can determine this with precision.

The company’s diagnostic technology combines proprietary hardware, software, and data-driven analytics to provide a reliable and objective assessment of battery condition. According to the company, its diagnostic technology covers 96% of electric vehicles on the road and delivers fast, accurate, and independent insights into battery health. A key success factor, the company states, is its continuously growing battery dataset, which is based on over 550,000 tests conducted to date. This enables Aviloo’s software to compare real-world battery performance across different vehicle models, usage patterns, and lifecycle phases.

aviloo.com (PDF)