Tavion, a company that develops, owns, and operates large-scale battery storage projects across Europe, has raised €50 million (~$58 million) in new equity and debt financing to support the construction of three battery storage projects totaling 69 MW in Poland.

The financing includes an oversubscribed equity round led by Leitmotif and Oberon Capital, with participation from existing investors BackingMinds and Course Corrected VC, and a €16 million (~$19 million) debt facility.

According to the release, the financing advances the company’s development plan by one quarter and allows it to begin construction earlier than previously planned. Two of the three projects are scheduled to begin construction in September of this year. Tavion said the projects will be financed partly through equity and the newly secured debt facility.

The three projects are part of a 184 MW portfolio that Tavion said is at or close to the ready-to-build stage in Poland. Land, grid connections, and building permits across the portfolio have either been secured or are in the final stages, according to the company.

Tavion also has a wider project pipeline of 1.7 GW in Poland. The company said fully developing its portfolio will require additional debt and equity financing.

Capcora advised on the debt financing, while Nirou advised Tavion on the equity round.

“Having followed Tavion since before its first financing round, we have witnessed firsthand the exceptional growth and execution capabilities of the team. The company’s progress has consistently reinforced our conviction in the business and its long-term potential. We believe Tavion has the opportunity to become one of the leading platforms in the sector”, says Daniel Linnergren at Oberon Capital.

Tavion Chief Executive Officer Emad Zand said the latest financing would allow the company to acquire the portfolio and begin construction of three projects rather than wait until next year. Tavion is also preparing to enter other European markets while developing its Polish portfolio.

In June, Spearmint Energy, a U.S.-based energy storage company, secured an expanded $325 million debt facility from Nuveen Energy Infrastructure Credit, Elda River Capital Management, Harrison Street Asset Management, and Aiga Capital Partners.

According to Mercom’s recently released 1H 2026 Funding and M&A for Energy Storage report, publicly announced energy storage project funding reached a record $42.5 billion across 104 deals in 1H 2026, a 217% increase YoY from $13.4 billion across 48 deals in 1H 2025.