# Nuhma

> Nuhma is a VC fund backing Battery, Software and GreenTech. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: May 2022
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.nuhma.be/

Nuhma is a VC fund focused on Battery and Software. Nuhma mainly invests in renewable energy applications such as C-Power, Aspiravi and Bionerga. Nuhma adds support for initiatives such as innovation 3E and Limburg Science Park. Nuhma was founded in 2001 as the utility holding Limburg municipalities.The municipalities are the shareholders and deliver with Nuhma an important contribution to theCO2-neutral, making our province by 2020. Today Nuhma supplies more than a third of the Limburg residential energy as green energy. Nuhma strives to green energy is at least 50% of the Limburg residential energy to ensure by 2020.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Battery | 1 | 33% |
| Software | 1 | 33% |
| GreenTech | 1 | 33% |
| Manufacturing | 1 | 33% |
| Green Building | 1 | 33% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 33% |
| Series A | 1 | 33% |
| Funding Round | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Solithor | Solithor is a company developing solid-state battery technology. It is spearheading the development, manufacturing, and commercialization of solid-state lithium (Li) battery cell technology to offer high-energy storage solutions. | $10.4M | Seed | May 16, 2022 |  |
| Enervalis | Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users. | $3M | Series A | Aug 21, 2020 |  |
| Enervalis | Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users. | $4.6M |  | Apr 18, 2017 |  |

3 of 3 investments shown.

## Co-investors
- [Limburgse Reconversie Maatschappij](https://shizune.co/investors/profile/limburgse-reconversie-maatschappij) — VC Fund, 3 deals together
- [ABB Ventures](https://shizune.co/investors/profile/abb-technology-ventures) — VC Fund, 2 deals together
- [Elia Group](https://shizune.co/investors/profile/elia-system-operator) — VC Fund, 1 deal together
- [FPIM](https://shizune.co/investors/profile/fpim) — VC Fund, 1 deal together
- [imec.xpand](https://shizune.co/investors/profile/imec-xpand) — VC Fund, 1 deal together
- [EIT InnoEnergy](https://shizune.co/investors/profile/kic-innoenergy) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Breakthrough Energy Ventures](https://shizune.co/investors/profile/breakthrough-energy-ventures) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [PMV](https://shizune.co/investors/profile/pmv-eu) — VC Fund
- [Limburgse Reconversie Maatschappij](https://shizune.co/investors/profile/limburgse-reconversie-maatschappij) — VC Fund
- [Qbic Fund](https://shizune.co/investors/profile/qbic-fund) — VC Fund

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## FAQ

### What does Nuhma invest in?

Nuhma invests primarily in Battery, Software and GreenTech startups, most often at Seed and Series A stage. Most of the 3 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Nuhma last invest?

The most recent investment recorded for Nuhma closed in May 2022. Shizune tracks 3 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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