# Itzarri EPSV

> Itzarri EPSV is a VC fund in Álava backing Automotive, Clean Energy and Embedded Software. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Álava, Spain
- Total investments: 7
- Last investment: May 2025
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/itzarri-epsv/
- Website: https://www.itzarri.eus/

Itzarri EPSV is a VC fund in Álava focused on Automotive and Clean Energy. Itzarri EPSV offers financial services including the pension funds for people in the Basque country region.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$3.7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 2 | 29% |
| Clean Energy | 2 | 29% |
| Embedded Software | 2 | 29% |
| Information Technology | 2 | 29% |
| B2B | 1 | 14% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 57% |
| Funding Round | 2 | 29% |
| Venture - Series Unknown | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Spain | 5 | 71% |
| Switzerland | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Revenant Industrial & Ports Machinery | Revenant returning to the revolution in internal logistics, container manipulators, and the remanufacturing of large tonelaje carretillas. | $3.7M | Seed | May 05, 2025 |  |
| Begas Motor | Begas has designed and manufactures the first engine for industrial vehicles powered 100% by LPG (Liquefied Petroleum Gas or AUTOGAS). Ability to remotorize vehicles and make them ecological with Euro VI certificate. | $18.6M |  | Feb 03, 2025 |  |
| Bee Planet Factory | BeePlanet Factory develops technological projects based on the reuse of batteries removed from the electric car. These batteries are called B2U (Battery 2nd Use). At the end of their original application, they keep intact a large storage capacity (70%-80%) and still offer high performance, which makes them perfectly functional for other uses, suchas stationary energy storage.The company was founded in 2018 and is headquartered in Noáin, Comunidad Foral de Navarra. | $5.3M | Venture - Series Unknown | Dec 09, 2024 |  |
| CyberTIX | CyberTIX provides cybersecurity training that focuses on creating and sustaining a strong cybersecurity culture within enterprises. | $1M | Seed | Nov 26, 2024 |  |
| Normo | Normo provides end-to-end encrypted hardware and software capable of receiving shipments from any courier service. | $1.1M | Seed | Dec 14, 2022 |  |
| EPowerlabs | Power electronics & controls for e-mobility and clean energy power management and conversion. EPowerlabs is creating next generation product platforms for automotive powertrain electrification. The company also develop power conversion products for hydrogen production and controls for energy storage systems. |  |  | Dec 01, 2022 |  |
| NX Technologies | Power electronics & controls for e-mobility and clean energy power management and conversion. NX Technologies is creating next generation product platforms for automotive powertrain electrification. The company also develop power conversion products for hydrogen production and controls for energy storage systems. | $3.2M | Seed | Dec 01, 2022 |  |

7 of 7 investments shown.

## Co-investors
- [EASO Ventures](https://shizune.co/investors/profile/easo-ventures) — VC Fund, 7 deals together
- [Ezten Venture Capital Fund](https://shizune.co/investors/profile/ezten-venture-capital-fund) — VC Fund, 2 deals together
- [Lazpiur](https://shizune.co/investors/profile/lazpiur) — VC Fund, 2 deals together
- [Seed Capital Bizkaia](https://shizune.co/investors/profile/seed-capital-de-bizkaia) — VC Fund, 2 deals together
- [Spri](https://shizune.co/investors/profile/spri) — VC Fund, 2 deals together
- [Centre for the Development of Industrial Technology (CDTI)](https://shizune.co/investors/profile/centre-for-the-development-of-industrial-technology-cdti) — VC Fund, 1 deal together

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## FAQ

### What does Itzarri EPSV invest in?

Itzarri EPSV invests primarily in Automotive, Clean Energy and Embedded Software startups, most often at Seed and Funding Round stage. Most of the 7 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Itzarri EPSV's check size?

Itzarri EPSV typically joins rounds of $1M–$3.7M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Itzarri EPSV participates in.

### When did Itzarri EPSV last invest?

The most recent investment recorded for Itzarri EPSV closed in May 2025. Shizune tracks 7 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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