Voltfang, a number one innovator in inexperienced vitality storage options, introduced the profitable closing of its Sequence A financing spherical, elevating €8 million, plus €800k in secured grants. The spherical was oversubscribed and led by Dutch deeptech enterprise capital agency FORWARD.One, with important participation from Interzero. Present traders in Voltfang, together with PT1, AENU, Helen Ventures, Daphni, Aurum Impression (household workplace of Goldbeck) and Maximilian Viessmann, additionally invested.
The funding can be used to broaden Voltfang’s product choices, together with extra investments in its superior Vitality Administration System to maximise the facility of its battery storage techniques. This may enable Voltfang to extend market penetration throughout each business/industrial and grid-scale purposes and additional strengthen the corporate’s market place as a pioneer in inexperienced vitality infrastructure and round economic system.
“We’re extraordinarily happy to have FORWARD.One and Interzero on board—two companions who not solely convey monetary commitments but in addition a deep understanding of our imaginative and prescient and mission,” stated David Oudsandji, CEO and co-founder of Voltfang.
“FORWARD.One’s give attention to {hardware} and local weather tech in addition to Interzero’s know-how within the round economic system align completely with our objectives. Our new traders’ respective experience can be invaluable as we proceed to innovate and lead in sustainable vitality storage,” commented FORWARD.one, the lead investor on this spherical, expresses robust enthusiasm for Voltfang.
Voltfang’s inexperienced and environment friendly vitality storage resolution completely highlights our dedication to supporting firms that sort out important challenges by means of a mix of {hardware} and software program. We see Voltfang’s batteries as important not solely in advancing
Europe’s vitality transition but in addition in contributing to higher independence in assets and supplies. We’re enthusiastic about this partnership and stay up for supporting their development and success” says Beau-Anne Chilla, who’s main local weather tech investments at FORWARD.one.
Interzero’s funding in Voltfang is aligned with its imaginative and prescient of a ‘world with out waste’, emphasizing reuse, sustainability, and second-life ideas as essential elements in attaining zero-waste. Interzero, who will make investments by means of its shareholders’ household workplace, is not going to solely supply Voltfang round economic system know-how but in addition entry to a broad community within the round economic system area which is able to add to Voltfang’s robust development outlook.
Fabian Heilemann from AENU acknowledged: “The European energy grid is stretched and reached its restrict because of quickly growing renewable energy. To construct up extra transmission capability will take time and price billions of Euros. The straightforward and quick choice could be to increase storage capability, which may even assist to stabilize the grids. That is precisely the explanation why we spend money on firms corresponding to Voltfang, who can ship high-performance and inexperienced storage options made in Europe for Europe.”
“We’re proud to see important participation on this funding spherical from present traders, a few of which have even elevated their stake in Voltfang. This can be a robust sign of confidence in our technique and our workforce,” added Dr. Gerrit Janke, CFO of Voltfang. “Closing the financing spherical inside simply 3 months in a difficult surroundings for development capital demonstrates the optimistic market notion we’re experiencing.”
Voltfang’s storage techniques are constructed utilizing requalified electrical car batteries, providing a sustainable resolution to the rising calls for of the vitality sectors. These techniques assist optimize vitality use, cut back reliance on non-renewable energy sources, and handle peak hundreds extra successfully. The corporate is planning to deploy a further 40 MWh battery capability by 2025.
