Aachen-based Voltfang, a supplier of European battery storage options for industrial, business, and grid-scale purposes, has efficiently closed its Sequence B financing spherical, elevating €15 million.
The spherical was led by Dutch DeepTech investor FORWARD.One. Extra buyers embrace current backers resembling Interzero, PT1, Helen Ventures, Daphni, Aurum Affect (the Goldbeck household workplace), in addition to new companions like Fiege Ventures and Newberry Investments.
David Oudsandji, CEO and Co-founder of Voltfang, commented: “This financing spherical immediately responds to the large surge in orders we skilled in Q1. Increasing the vitality infrastructure is urgently wanted throughout Germany and Europe, particularly as we work to construct resilience towards exterior vitality dependencies. We should act now to create extra grid flexibility utilizing large-scale battery storage. Doubling our firm valuation in simply six months is a powerful sign of the market’s confidence in Voltfang’s technological relevance and development potential.”
Based in 2020 at RWTH Aachen College by Afshin Doostdar and David Oudsandji, Voltfang is a cleantech firm specialising in high-performance European vitality storage methods for industrial, business, and grid-scale use. Its battery methods are constructed utilizing requalified EV batteries from the European automotive business.
Clients embrace gamers resembling Aldi Nord, Alba Group, Fiege Logistik, and Goldbeck.
The corporate can also be increasing and opening a brand new manufacturing web site in Aachen, North Rhine-Westphalia (NRW). The brand new facility, known as the “Voltfang Future Fab,” affords substantial development potential and allows scaling as much as 1 GWh with high-performance, energy-dense storage options.
By increasing its manufacturing capacities, the corporate goals to roll out sufficient battery storage by 2030 to interchange the Weisweiler coal-fired energy plant and strengthen Germany as an industrial location.
Voltfang goals to considerably scale its manufacturing capacities and ship a further 250 megawatt-hours of sustainable battery storage throughout Europe by the top of 2026. The corporate may even proceed growing its clever vitality administration system, Venma, which integrates AI capabilities to assist companies maximise self-consumption, decrease electrical energy prices, and take part in vitality markets.
The transfer into the previous manufacturing halls of Aachen-based electrical car producer Subsequent.e.GO, with 6,000 m² within the TRIWO Expertise Park in NRW, displays demand from industrial, business, and large-scale storage sectors.
Whereas Voltfang’s storage capability in 2023 amounted to five MWh, it elevated to twenty MWh in 2024. With this manufacturing scale-up, Voltfang goals to cut back reliance on battery storage from China and different Asian nations.
By using second-life and surplus batteries from the European automotive business, the corporate goals to foster the event of an impartial and resilient battery business in Germany and Europe.
Germany’s vitality storage market is repeatedly rising, with Fraunhofer Institute projections emphasizing its significance: round 100 GWh {of electrical} storage capability shall be wanted by 2030 and round 180 GWh by 2045.
A particular benefit of the situation is its proximity to different revolutionary native corporations resembling Cylib, additionally a part of the Battery Circle Aachen, and Black Semiconductor, a pioneer of next-generation chip know-how. This neighborhood fosters synergies and helps the event of Aachen as a know-how hub within the subject of battery know-how.
Paul Pruijmboom, Accomplice at FORWARD.One, added: “Voltfang completely embodies our funding technique: sturdy {hardware} paired with clever software program. With their highly effective and actually European storage know-how, the group is tackling one of the urgent challenges of our time – enabling the vitality transition. We firmly consider that native vitality infrastructure shall be a key pillar of Europe’s future financial development.”
Voltfang’s methods use high-performance, requalified battery modules sourced from the European automotive business – contributing to vitality safety and a extra resilient vitality infrastructure.