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NX is a climate tech company developing innovative technologies to address climate change, focusing on sustainable energy management and carbon emission reduction.
NX Technologies has raised $24.0M across 1 funding round.
NX Technologies has raised $24.0M in total across 1 funding round.
NX Technologies has raised $24.0M across 1 funding round. Most recently, it raised $24.0M Series B in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2024 | $24M Series B | — | Embedded Capital | Announced |
NX Technologies is a technology company specializing in electronic products for electric vehicles (EVs), including motor controllers (inverters) and Battery Management Systems (BMS).[1][2] It serves automotive, marine, electric trucks, e-buses, and defense sectors by maximizing electric powertrain performance, enhancing efficiency, and reducing non-recurring engineering (NRE) costs through software-centric designs and easy integration.[1][2] The company solves key challenges in EV adoption, such as improving energy use, battery safety, and power density, while partnering with clients to accelerate electrification—evidenced by involvement in projects like EfiSOEC for renewable hydrogen production.[1]
With a mission to "democratize electrification with quality," NX focuses on accessible excellence, customer-centric innovation, and faster development cycles to deliver compact, high-efficiency systems using automotive-grade, ASIL D-certified components.[2] Its growth momentum includes optimizing powertrains for leading players and expanding into hybrid and fuel cell applications, positioning it amid the global shift to sustainable mobility.[1][2]
NX Technologies emerged to challenge conventional EV powertrain development, born from extensive experience optimizing systems for major automotive players.[2] The company emphasizes software-driven innovation to outpace industry timelines, reducing complexity while boosting efficiency and leveraging cost-competitive technologies.[2] Key team members include leaders like Mikel Peral, Jon Duroudier, and Xavier Descarrega, supported by a board of advisors such as Ignacio Martin and Dr. JM Cubert, reflecting expertise in engineering and energy systems.[2]
Pivotal early traction stems from its client partnerships and projects like EfiSOEC, a Repsol-led initiative for high-efficiency solid oxide electrolyzers (SOEC) to advance renewable hydrogen and decarbonization.[1] This collaborative approach has humanized NX as a "tech partner" guiding clients through e-mobility transitions, with values like "elegant rebellion" and customer focus driving its evolution.[2]
NX Technologies rides the global electrification wave, capitalizing on surging EV demand, regulatory pushes for decarbonization, and renewable energy integration.[1][2] Timing is ideal amid automotive transitions to electric/hybrid powertrains, where market forces like rising battery costs and efficiency mandates favor its software-optimized, cost-effective solutions over traditional designs.[1][2]
It influences the ecosystem by partnering with industry leaders (e.g., Repsol in EfiSOEC) to boost hydrogen production and EV safety, while its BMS expertise addresses pain points in energy storage for industrial and transport applications.[1] This positions NX as an enabler of cleaner mobility, reducing barriers to adoption in high-growth areas like e-buses, trucks, and marine, amid broader trends in sustainable energy management.[2]
NX Technologies is primed to scale as EV infrastructure expands and hydrogen tech matures, with its agile, integrated powertrain solutions capturing share in underserved segments like defense and heavy-duty vehicles.[1][2] Trends like AI-driven energy optimization and stricter emissions rules will amplify its edge, potentially through deeper OEM partnerships or product expansions into full powertrain stacks.[1]
Its influence may evolve from niche supplier to electrification standard-setter, especially if EfiSOEC-like projects unlock green hydrogen markets—tying back to its core promise of efficient, accessible EV innovation for a sustainable future.[1][2]
NX Technologies has raised $24.0M in total across 1 funding round.
NX Technologies's investors include Embedded Capital.
