Warsaw Equity Group invests in UP Catalyst, a startup revolutionizing electric car battery technology

Estonian nanotechnology startup UP Catalyst, which specializes in developing carbon materials for electric car batteries, has successfully raised €2.36 million in additional early-stage capital to develop an industrial pilot reactor. The company is pioneering CO2-to-carbon technology to produce high-quality graphite and carbon nanomaterials, aiming to meet the surging global demand for sustainable battery components. This financing round saw equal participation from Warsaw Equity Group, the leading private investment company in Central and Eastern Europe, and SmartCap, the Estonian state fund.

Warsaw Equity Group is renowned for its investments in innovative B2B solutions focused on automation, efficiency improvement, and sustainability.

COBALT assisted the investment vehicle of Warsaw Equity Group upon making an equity investment in UP Catalyst OÜ. We advised the client throughout the entire transaction, which included reviewing and negotiating the transaction documents, and provision of assistance on other transaction-related issues.

Our team included partner Kristel Raidla-Talur, Managing Associate Greete-Kristiine Kuru and Senior Associate Marten Amjärv.