Swedish energy technology company Rebaba has raised USD 4.6 million (EUR 3.94m) in an oversubscribed seed funding round to scale its energy storage systems made from repurposed electric vehicle (EV) batteries across Europe.

The funding will support Rebaba's production expansion, hiring and commercial growth, as well as its plans to establish additional manufacturing capacity outside Sweden.

Swedish energy technology company Rebaba has raised USD 4.6 million (EUR 3.94m) in an oversubscribed seed funding round to scale its energy storage systems made from repurposed…