Voltfang, a number one innovator in inexperienced vitality storage options, introduced the profitable closing of its Collection 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 buyers in Voltfang, together with PT1, AENU, Helen Ventures, Daphni, Aurum Affect (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 Power Administration System to maximise the ability of its battery storage techniques. It will permit Voltfang to extend market penetration throughout each industrial/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 carry monetary commitments but additionally a deep understanding of our imaginative and prescient and mission,” stated David Oudsandji, CEO and co-founder of Voltfang.
“FORWARD.One’s deal with {hardware} and local weather tech in addition to Interzero’s know-how within the round economic system align completely with our objectives. Our new buyers’ 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 answer completely highlights our dedication to supporting firms that sort out important challenges by a mixture of {hardware} and software program. We see Voltfang’s batteries as important not solely in advancing
Europe’s vitality transition but additionally in contributing to higher independence in sources and supplies. We’re enthusiastic about this partnership and look ahead to 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 reaching zero-waste. Interzero, who will make investments by its shareholders’ household workplace, won’t solely provide Voltfang round economic system know-how but additionally entry to a broad community within the round economic system area which can add to Voltfang’s robust development outlook.
Fabian Heilemann from AENU acknowledged: “The European energy grid is stretched and reached its restrict resulting from quickly rising renewable energy. To construct up extra transmission capability will take time and value billions of Euros. The simple and quick choice could be to broaden storage capability, which will even help to stabilize the grids. That is precisely the rationale why we spend money on firms akin 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 buyers, a few of which have even elevated their stake in Voltfang. This can be a robust sign of confidence in our technique and our staff,” added Dr. Gerrit Janke, CFO of Voltfang. “Closing the financing spherical inside simply 3 months in a difficult atmosphere for development capital demonstrates the optimistic market notion we’re experiencing.”
Voltfang’s storage techniques are constructed utilizing requalified electrical automobile batteries, providing a sustainable answer 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 masses extra successfully. The corporate is planning to deploy an extra 40 MWh battery capability by 2025.
