Bay CatchEuropean battery storage solution provider for industrial, commercial and grid-scale applications, successfully shut down its series B finishing round, which has increased $ 15 million.
The round was led by the Dutch Diptech Investor forward. Additional investors include existing supporters such as Interjro, PT1, Helen Ventures, Daffney, Aurum Impact (Goldbeck Family Office), as well as Fiz Venture and Newberry Investment.
David OudsandjiVoltfang’s CEO and co-founder commented: “This Financing Round responds directly to the orders we felt in Q1. It is urgently needed to expand fuel infrastructure across Germany and Europe, especially since we work to create elasticity against external power dependence. We need to work now to create more grid flexibility using large battery storage. A strong signal of market confidence towards the technical relevance of voltfang that doubles our company’s assessment in just six monthsThe “
Afashin Dostdar and David Oudsandji are established in the University in 2021, Voltfang is a clintech company that experts in the European Energy Savings System for the use of industrial, commercial and grid-skeletons. Its battery systems are built using the required EV battery from the European automotive industry.
Customers include players’ search ald Nord, Alba Group, Fiz Logistics and Goldbeck.
The company is also inaugurating and opening a new manufacturing site under North Rhine-Westfalia (NRW). The new advantage, known as the “Voltfang Future Fab”, provides the possibility of enhancement and enables scaling up to 1 gigawatt with high-perforce, energy-deficient storage solution.
By extending its production capacity, the company’s goal is to replace Wesweller’s coal -powered power plant by 2030 and make the battery out of adequate battery storage to strengthen Germany as an industrial position.
Voltfang has its capacity significantly scales and provides an additional 250 MW of sustainable battery storage across Europe by the end of 2026. The company will continue to develop its intelligent energy management system, Venma, which integrates AI capabilities to help the businessmen exceed, low electricity costs and energy markets to participate in the market.
In the NRW Technology Park in NRW, with 000,6m², the steps in the ex-production halls of the electric vehicle manufacturer reflect the demand for industrial, commercial and large size storage sector.
Voltfang’s storage capacity in 2023 is 5 MW, it rises from 2024 to 20 MW in 2024
Using the second life and surplus batteries from the European automobile industry, the aim of the company is to encourage the development of an independent and elastic battery industry in Germany and Europe.
Germany’s energy saving market is constantly increasing, the Freunhofer Institute estimate emphasizes its significance: about 100 GHz electrical savings capacity will be required by 2030 and about 180 Gigawatt WHLHs by 2045.
One of the special benefits of the position is other innovative local companies such as Silib, part of the battery circle and the next generation of chip technology is the black semiconductor. This neighborhood coordinates and supports the development of the technology center in the field of battery technology.
Paul PrijambumPartner in Forward.On, added: “Voltfang perfectly embodies our investment strategy: strong hardware is paired with intelligent software. With their strong and real European storage technology, the team is dealing with one of the stressful challenges of our time – enables energy transfer. We sightly believe that local power infrastructure will be the main pillar of Europe’s future economic growthThe “
Voltfang systems contribute to high-performance, useful battery modules encouraged by the European automobile industry-power protection and more elastic energy infrastructure.
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