Kasi Technologies and the EIC Accelerator: A Quiet Hybrid Kit

Most cars and vans on Europe's roads will burn fuel for years yet, and cutting their consumption without replacing them is a large, overlooked opportunity. Kasi Technologies, a small engineering company registered in 2007 in Smedjebacken, Sweden, designed NESS, a "New Electrified Supercharger System" that recovers energy from exhaust gases and braking and uses it to help the engine, as a retrofit for existing vehicles.

The European Innovation Council granted €1,998,658 towards a €2.86 million project. When it ended in March 2024, the company had four pilot orders and was moving into road certification and vehicle trials. The public record since then is thin: Swedish filings show two employees and SEK 1.9 million of revenue in 2025, and its website names no customer or delivery.

Where Kasi Technologies Stands Today

According to Swedish company data published by Allabolag, Kasi Technologies AB is active, with two employees, revenue of SEK 1.9 million and a small loss of SEK 17,000 in 2025. Its chief executive, Isak Löfgren, is also its only listed board member. Its stated purpose includes developing its own automotive products and offering engineering consultancy.

An older address, kasi-tech.com, shows a notice that the site "has expired", but the company runs a current website at kasitech.eu, where it markets NESS to fleet owners with claims of up to 20% fuel savings and a return on investment "in as little as 6 months", and lists pre-orders, without naming customers or dates. We found no announcement of road certification, deliveries to customers or a funding round.

The Technology: Recover, Store, Boost

A turbocharger uses exhaust energy to compress intake air, but only when there is enough exhaust flow. An electrified supercharger can boost the engine at any time using electrical energy. NESS, according to the CORDIS report, combines recovery of exhaust heat and kinetic braking energy and "recovers energy 100% of the driving time", a dual hybrid system that the company says can fit 99.5% of Europe's cars and light commercial vehicles and cut fleet fuel consumption by 20%, with payback in as little as six months.

What the EIC Project Promised, and What CORDIS Shows

The project ran from April 2022 to March 2024. Its report describes component validation, four pilot orders and pre-orders open to fleet owners, and says the project "now moves into System tests for road certification and vehicle trials prior to first deliveries". Road certification is required before a retrofit kit can be fitted to vehicles on public roads.

1. A working NESS systemPartialComponents validated; system tests still ahead at project end.
2. Road certificationNot shownNo certification announced.
3. First customersPilotsFour pilot orders in 2023; no deliveries reported.
4. 20% fuel savingNot shownNo published test data.

What Has Happened Since the Award

The Money

The EIC grant of nearly €2 million is roughly ten times the company's 2025 revenue. We found no private funding round. The award was "grant first", under which any EIC equity is decided later, and we found no EIC Fund investment.

Why Europe Should Care

Retrofitting existing vehicles to use less fuel could cut emissions faster than fleet replacement alone. That was the case for funding Kasi. At the end of the project, the product still needed road certification before it could reach the road.

The Verdict

Kasi Technologies has not been asked for comment for this article. It is based entirely on public records and EU project data, linked throughout.