# Arxax funding: rounds and investors

> Arxax has raised $484K across 1 round since 2024. Investors include EIT Urban Mobility. Every round with its source.

Source: https://millionrounds.com/company/arxax (Millionrounds; every figure on the page links to its filing or article)

Italy · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Arxax*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summary Updated 26 Oct 2026

**$484K** raised across 1 round since 2024, from 1 source

- **Latest round:** Seed, $484K Nov 2024
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2024** Seed **$484K** [EIT Urban Mobility](https://millionrounds.com/fund/eit-urban-mobility) Source recorded

## Founders and team

From Arxax's own website: 3 founders, 4 on the team.

**Elham Hassanzadeh** Founder & CEO

**Carlo Mallone** CTO & Co-Founder

**Giuseppe Costanza** CPO & Co-Founder

- **Lusine Mamyan** Chief of Staff, People & Projects
- **Giancarlo Cardone** Head of Operations
- **Valentino Cadoni** Head of Strategic Partnership
- **Gabriele Salvini** Senior Software Engineer

## Everyone who backed them

[EIT Urban Mobility](https://millionrounds.com/fund/eit-urban-mobility) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=arxax).

## Quick answers about Arxax

### Who invested in Arxax?

Arxax's investors include EIT Urban Mobility.

### How much has Arxax raised?

Arxax has raised $484K across 1 round since 2024.

### When did Arxax last raise?

Arxax's most recent round was a Seed of $484K in Nov 2024.

### What was Arxax's biggest round?

Its most recent round, $484K in Nov 2024, is also its largest on record.

### Who backed Arxax first?

Arxax's first round on record, in Nov 2024, was backed by EIT Urban Mobility.

### What stage is Arxax at?

Arxax's latest named round is a Seed, in Nov 2024.

### Where is Arxax based?

Arxax is based in Italy.

## Companies like Arxax

In the same sector, and raised in the last eighteen months.

[**Phononic Vibes** $6.2M · Oct 2026](https://millionrounds.com/company/phononic-vibes)[**Sizable Energy** $8.0M · Oct 2025](https://millionrounds.com/company/sizable-energy)[**GR Value** $73M · Oct 2025](https://millionrounds.com/company/gr-value)[**Renewcast** $1.2M · Sept 2025](https://millionrounds.com/company/renewcast)[**Rewind Turbine** Aug 2025](https://millionrounds.com/company/rewind-turbine)[**Eni Plenitude** $2.3B · Jun 2025](https://millionrounds.com/company/eni-plenitude)

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