German CleanTech startup Voltfang secures €15 million and launches Europe’s “largest second-life battery factory”

Aachen-based Voltfang, a carrier of European battery storage space remedies for commercial, business, and grid-scale applications, has actually efficiently shut its Collection B funding round, increasing EUR15 million.

The round was led by Dutch DeepTech capitalist FORWARD.One. Extra capitalists consist of existing backers such as Interzero, PT1, Helen Ventures, Daphni, Aurum Effect (the Goldbeck family members workplace), along with brand-new companions like Fiege Ventures and Newberry Investments.

David Oudsandji, Chief Executive Officer and Founder of Voltfang, commented: “ This funding round straight replies to the huge rise in orders we experienced in Q1. Increasing the power framework is quickly required throughout Germany and Europe, specifically as we function to develop strength versus exterior power reliances. We need to act currently to produce even more grid adaptability utilizing massive battery storage space. Increasing our business appraisal in simply 6 months is a solid signal of the marketplace’s self-confidence in Voltfang’s technical importance and development possibility“

Established In 2020 at RWTH Aachen College by Afshin Doostdar and David Oudsandji, Voltfang is a cleantech business being experts in high-performance European power storage space systems for commercial, business, and grid-scale usage. Its battery systems are constructed utilizing requalified EV batteries from the European automobile sector.

Clients consist of gamers such as Aldi Nord, Alba Team, Fiege Logistik, and Goldbeck.

The business is likewise broadening and opening up a brand-new manufacturing website in Aachen, North Rhine-Westphalia (NRW). The brand-new center, called the “Voltfang Future Fab,” provides significant development possibility and makes it possible for scaling as much as 1 GWh with high-performance, energy-dense storage space remedies.

By broadening its manufacturing capabilities, the business intends to present sufficient battery storage space by 2030 to change the Weisweiler coal-fired nuclear power plant and enhance Germany as a commercial area.

Voltfang intends to considerably scale its manufacturing capabilities and provide an added 250 megawatt-hours of lasting battery storage space throughout Europe by the end of 2026. The business will certainly likewise proceed creating its smart power monitoring system, Venma, which incorporates AI capacities to assist companies increase self-consumption, reduced electrical power expenses, and join power markets.

The relocation right into the previous manufacturing halls of Aachen-based electrical automobile maker Next.e.GO, with 6,000 m two in the TRIWO Innovation Park in NRW, shows need from commercial, business, and massive storage space industries.

While Voltfang’s storage space capability in 2023 totaled up to 5 MWh, it raised to 20 MWh in 2024. With this manufacturing scale-up, Voltfang intends to minimize dependence on battery storage space from China and various other Oriental nations.

By using second-life and excess batteries from the European automobile sector, the business intends to promote the growth of an independent and durable battery sector in Germany and Europe.

Germany’s power storage space market is constantly expanding, with Fraunhofer Institute estimates highlighting its relevance: around 100 GWh of electric storage space capability will certainly be required by 2030 and around 180 GWh by 2045.

An unique benefit of the area is its closeness to various other cutting-edge regional firms such as Cylib, likewise component of the Battery Circle Aachen, and Black Semiconductor, a leader of next-generation chip innovation. This community cultivates harmonies and sustains the growth of Aachen as a modern technology center in the area of battery innovation.

Paul Pruijmboom, Companion at FORWARD.One, included: “ Voltfang flawlessly symbolizes our financial investment technique: solid equipment coupled with smart software program. With their effective and absolutely European storage space innovation, the group is dealing with among one of the most important obstacles of our time– allowing the power change. We securely think that regional power framework will certainly be an essential column of Europe’s future financial development“

Voltfang’s systems utilize high-performance, requalified battery components sourced from the European automobile sector– adding to power safety and a much more durable power framework.

The article German CleanTech startup Voltfang secures €15 million and launches Europe’s “largest second-life battery factory” showed up initially on EU-Startups.