T2Y Capital invests in energy storage pioneer 

Prime Batteries

Munich, Bucharest – 29^th July 2025 
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, and Prime Batteries Energy Holding S.r.l. ("Prime Batteries") have formed a strategic partnership. As part of the partnership, T2Y Capital is investing in the Romanian company, making it the second-largest shareholder. The transaction is subject to customary regulatory approvals.
Headquartered in Bucharest, Prime Batteries is one of the technologically leading and independent providers of lithium-ion-based energy storage solutions in the European Union. The company’s storage solutions help to balance fluctuations in renewable energy supply, enhance grid stability, and enable the electrification of specialty vehicles. Prime Batteries operates a fully integrated value chain, producing the entire storage system in-house – from battery cells to its proprietary battery management software. Combined with an independent supply chain this approach ensures that Prime Batteries’ products are cost-competitive with international competitors.
T2Y Capital will take a seat on the Board of Directors and support Prime Batteries in its next phase of growth – not only with expansion capital, but also with strategic expertise and access to its extensive industry network. The goal of the partnership is to significantly accelerate Prime Batteries’ international expansion, particularly by scaling global sales and increasing production capacity from currently two gigawatts to over eight gigawatts by 2030.
The investment in Prime Batteries marks another significant transaction within T2Y Capital’s investment strategy. Founded by former investment bankers Patrick Bettscheider and Andreas Haindl, the fund aims to build European champions of the energy transition to achieve above-average returns for its investors. T2Y Capital focuses on investments in the double- to triple-digit million-euro range – both through the fund and in partnership with co-investors to enable larger transaction volumes.

Benedikt Friedrich, Managing Director Investments at T2Y Capital: 
“Prime Batteries is a European ‘hidden champion’ in the energy sector. The company is a technology leader and is well-established in the EU with a profitable business model. As a strategic partner, T2Y Capital will support its international expansion and help scale Prime Batteries’ success to a gigawatt level.”

Adrian Polec, Founder and Chairman of Prime Batteries: 
“The partnership with T2Y Capital is a significant milestone for our company. They bring capital and complementary expertise as well as access to new markets. T2Y Capital is the ideal partner for Prime Batteries to broaden our offering, including with Battery-as-a-Service, and rapidly expand our international sales footprint to match growing demand.”

Vicentiu Ciobanu, CEO of Prime Batteries: 
“I am delighted to welcome T2Y Capital as a shareholder and strong partner for our next phase of growth. We can now further scale up our production capacity. T2Y Capital’s support reinforces Prime Batteries’ position as a leading lithium-ion technology provider in Europe, bringing innovative solutions to the market.”

Patrick Bettscheider, Founder of T2Y Capital: 
“Europe needs to become more competitive, reduce its dependence on energy imports, and further advance the decarbonization of industry. Achieving this requires innovative technologies, which we expect will see substantial growth in the coming years. This presents attractive opportunities for investors. With the investment in Prime Batteries, T2Y Capital is partnering with a particularly fast-growing company and contributing to securing Europe's energy future.”
Founded in 2016, Prime Batteries develops advanced battery systems for mobility, industrial, renewable energy storage and grid applications. As a fully integrated solutions provider, Prime Batteries produces all components from battery cells to battery management systems and offers turnkey energy storage solutions for a variety of industries. The company has achieved strategic independence in critical technological areas such as production facilities, raw materials, and software, without compromising on cost competitiveness. With deep manufacturing expertise, vertical integration, and high adaptability, Prime Batteries is ideally positioned to benefit from growing demand for energy storage solutions across Europe. The company pursues continuous capacity expansion to drive international growth.
T2Y Capital invests in high-growth, profitable companies across the energy transition value chain – including key supplier industries. In 2024, T2Y Capital invested in Wetrax Group, a leading German provider of innovative aerosol-based fire suppression solutions used in rapidly growing sectors such as battery storage. The investment in Prime Batteries follows this systemic approach and highlights T2Y Capital’s commitment to supporting technology-driven energy transition companies on their path to becoming European market leaders.
T2Y Capital was advised on the transaction by AFRY (commercial), PwC (financial and tax), and Clifford Chance Badea (legal).

About T2Y Capital
T2Y Capital is a growth equity investor focused on the energy sector and adjacent industries. The fund aims to scale innovative companies with a proven business model by providing capital and expertise, thereby generating superior returns for its investors. T2Y Capital invests along the entire value chain and helps to build European champions in the energy transition. As an SFDR Article 9 fund, T2Y Capital meets the highest standards of the EU Disclosure Regulation. The Munich-based investment firm was founded in 2022 by former investment bankers Patrick Bettscheider and Andreas Haindl. Bettscheider was the founder and majority shareholder of the European investment boutique MainFirst Bank AG and subsequently majority shareholder of Kommunalkredit Austria AG from 2015 to 2024. Haindl was CEO of MainFirst and previously held positions at Deutsche Bank and McKinsey. For additional information about T2Y Capital, please visit T2Y Capital’s website www.t2ycapital.com and LinkedIn page.

About Prime Batteries Energy Holding
Prime Batteries produces energy storage solutions and customized battery systems, as well as proprietary software for specialty vehicles, energy storage, and industrial applications. The company covers most of the production value chain, from cell manufacturing to battery management system integration. Prime Batteries was founded in 2016, is headquartered in Bucharest, Romania, and employs 160 people. The company currently operates a battery factory with a production capacity of 300 MWh, and the ramp-up of a 2 GWh factory is currently underway. The company's strategic plan is to increase annual production output by an additional 6 GWh to reach a total capacity of 8 GWh by 2030.

Media Contact
Harald Domke
M: +49 171 3383836
E: t2ycapital-eu@fgsglobal.com