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 from used batteries of electric cars. With their proprietary AI-based software, they evaluate the batteries for longevity and give them a second life in stationary operation. Through their operating systems and end-to-end monitoring, they can make the batteries 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, enabling them to offer a solution to both the recycling problem of batteries and the energy transition.

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

Roman Alberti, Co-CEO Voltfan

Voltfang has closed the current round of financing where they were able to secure €5 million in new capital. Led by PT1 - PropTech1 Ventures, other investors such as Helen Ventures, Aurum Impact, Eviny and existing investor AENU have also participated. With this investment, Voltfang will continue to scale its production.

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

Afshin Doostdar, CTO Voltfang

Voltfang is a startup founded in 2021 by Afshin Doostdar, Roman Alberti and David Oudsandji, specializing in the development and production of energy storage devices. As a spin-off of RWTH Aachen University, the startup has already launched a certified product that is ready for series production. With a production site in Aachen, Voltfang now employs 50 people. Their goal is to offer more than 40 MWh of storage capacity in their 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.