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Voltfang receives seven-figure sum

The start-up from Aachen produces electricity storage units from used e-car batteries. The funding should now enable series production. Voltfang has closed a seven-figure financing round. Ferry and Fabian Heilemann have invested in the start-up through their family office Pirate Impact. In addition, several business angels, including GridX founders Andreas Booke and David Balensiefen, invested [...]

The start-up from Aachen produces electricity storage units from used e-car batteries. The funding should now enable series production.

Voltfang has closed a seven-figure financing round. Ferry and Fabian Heilemann have invested in the start-up through their family office Pirate Impact. A number of business angels also invested, including GridX founders Andreas Booke and David Balensiefen, former managing director of the Energy Management Division at Siemens Ralf Christian, and Gabor Cselle, director of Google's startup incubator Area 120.

The start-up was founded by former RWTH students Afshin Doostdar, Roman Alberti and David Oudsandji in June last year and produces electricity storage units from used e-car batteries. Since the batteries are used a second time, the production of new batteries is avoided and resources such as lithium and cobalt are saved.

With the capital raised, Voltfang aims to further expand its production facility, carry out further pilot projects and start its series production. Around 50 storage units are to be ready by the end of the year.


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