Viessmann becomes Voltfang investor

Voltfang has successfully gained Viessmann as an investor! The innovative company specializes in the production of energy storage systems from second-life electric car batteries.

Aachen / Allendorf - The startup Voltfang, which specializes in the production of energy storage systems from second-life electric car batteries, has reached a significant milestone: the renowned Viessmann Group has come on board as an investor. The partnership was first reported in Handelsblatt.

As part of a recently completed financing round, Voltfang was able to raise another 5 million euros from a group of several investors, according to Handelsblatt. The investment not only signals the confidence of the investors in Voltfang's future success story, but is also a statement for the potential of sustainable energy storage solutions. We currently have no information about the other investors.

Viessmann sells to Carrier Global

Viessmann, a German industry leader in heating and air conditioning technology, has chosen Voltfang as an investor after selling its heat pump business to US manufacturer Carrier Global for €12 billion earlier this year. This sale was the subject of critical scrutiny by Robert Habeck and the Ministry of Economic Affairs.

Since the announcement of the successful deal, Carrier Global's shareholders have also been able to report extremely pleasing developments. With an impressive share price increase of almost 30% since the deal was announced, they have reason to celebrate.

Voltfang's second round in 2023

Back in May of this year, we reported on a successful financing round of 5 million euros. The start-up was launched in 2021 by founding members 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, Voltfang has already launched a certified product that is ready for series production. With a production site in Aachen, the company now employs 50 people. Voltfang is aiming for the ambitious goal of offering more than 40 MWh of storage capacity in its products by the end of 2024.

The partnership with Viessmann is a milestone in Voltfang's success story and underlines the strong commitment of both companies to a sustainable and green future.