Voltfang secures 5 million euros

Voltfang, the clean-tech startup for energy storage from second-life e-car batteries, receives €5 million in capital for production expansion. PT1 - PropTech1 Ventures leads the consortium, accompanied by Helen Ventures, Aurum Impact, Eviny and AENU.

Voltfang is an Aachen-based startup that produces high-quality energy storage systems from used electric car batteries. With their specially developed AI-based software, they evaluate the batteries for their longevity and give them a second life in stationary operation. Thanks to their operating systems and continuous monitoring, they can make the batteries just as durable as a new battery. Voltfang has already been able to carry out successful pilot projects and win well-known major customers such as ALDI Nord and Schaltbau, offering a solution to both the battery recycling problem and the energy transition.

It is not only about the sustainable recycling of batteries, but also about saving on material imports and, above all, costs

Roman Alberti, Co-CEO Voltfan

Voltfang has completed its current financing round, in which it was able to secure 5 million euros in new capital. Under the lead of PT1 - PropTech1 Ventures, other investors such as Helen Ventures, Aurum Impact, Eviny and the existing investor AENU have also participated. With this investment, Voltfang will continue to scale its production.

Electromobility, heat pumps and fluctuating renewable energies require cost-effective and sustainable intermediate storage systems that can be used at short notice

Afshin Doostdar, CTO Voltfang

Voltfang is a start-up founded in 2021 by Afshin Doostdar, Roman Alberti and David Oudsandji and specializes in the development and production of energy storage systems. As a spin-off from RWTH Aachen University, the start-up has already launched a certified product that is ready for series production. With a production site in Aachen, Voltfang now employs 50 people. Its goal is to offer more than 40 MWh of storage capacity in its products by the end of 2024.

As we reported, Voltfang could already look forward to a six-figure round in 2021 and a seven-figure round in 2022.