Aachen-based Voltfang, a supplier of European battery storage options for industrial, business, and grid-scale purposes, has efficiently closed its Sequence B financing spherical, elevating €15 million.
The spherical was led by Dutch DeepTech investor FORWARD.One. Further buyers embrace current backers similar to Interzero, PT1, Helen Ventures, Daphni, Aurum Influence (the Goldbeck household workplace), in addition to new companions like Fiege Ventures and Newberry Investments.
David Oudsandji, CEO and Co-founder of Voltfang, commented: “This financing spherical instantly responds to the big surge in orders we skilled in Q1. Increasing the vitality infrastructure is urgently wanted throughout Germany and Europe, particularly as we work to construct resilience in opposition to exterior vitality dependencies. We should act now to create extra grid flexibility utilizing large-scale battery storage. Doubling our firm valuation in simply six months is a robust sign of the market’s confidence in Voltfang’s technological relevance and progress potential.”
Based in 2020 at RWTH Aachen College by Afshin Doostdar and David Oudsandji, Voltfang is a cleantech firm specialising in high-performance European vitality storage programs for industrial, business, and grid-scale use. Its battery programs are constructed utilizing requalified EV batteries from the European automotive business.
Clients embrace gamers similar to Aldi Nord, Alba Group, Fiege Logistik, and Goldbeck.
The corporate can be increasing and opening a brand new manufacturing website in Aachen, North Rhine-Westphalia (NRW). The brand new facility, known as the “Voltfang Future Fab,” gives substantial progress potential and permits scaling as much as 1 GWh with high-performance, energy-dense storage options.
By increasing its manufacturing capacities, the corporate goals to roll out sufficient battery storage by 2030 to exchange the Weisweiler coal-fired energy plant and strengthen Germany as an industrial location.
Voltfang goals to considerably scale its manufacturing capacities and ship a further 250 megawatt-hours of sustainable battery storage throughout Europe by the top of 2026. The corporate can even proceed growing its clever vitality administration system, Venma, which integrates AI capabilities to assist companies maximise self-consumption, decrease electrical energy prices, and take part in vitality markets.
The transfer into the previous manufacturing halls of Aachen-based electrical automobile producer Subsequent.e.GO, with 6,000 m² within the TRIWO Expertise Park in NRW, displays demand from industrial, business, and large-scale storage sectors.
Whereas Voltfang’s storage capability in 2023 amounted to five MWh, it elevated to twenty MWh in 2024. With this manufacturing scale-up, Voltfang goals to cut back reliance on battery storage from China and different Asian international locations.
By using second-life and surplus batteries from the European automotive business, the corporate goals to foster the event of an unbiased and resilient battery business in Germany and Europe.
Germany’s vitality storage market is repeatedly rising, with Fraunhofer Institute projections emphasizing its significance: round 100 GWh {of electrical} storage capability will likely be wanted by 2030 and round 180 GWh by 2045.
A particular benefit of the placement is its proximity to different progressive native corporations similar to Cylib, additionally a part of the Battery Circle Aachen, and Black Semiconductor, a pioneer of next-generation chip know-how. This neighborhood fosters synergies and helps the event of Aachen as a know-how hub within the discipline of battery know-how.
Paul Pruijmboom, Companion at FORWARD.One, added: “Voltfang completely embodies our funding technique: sturdy {hardware} paired with clever software program. With their highly effective and actually European storage know-how, the staff is tackling one of the urgent challenges of our time – enabling the vitality transition. We firmly imagine that native vitality infrastructure will likely be a key pillar of Europe’s future financial progress.”
Voltfang’s programs use high-performance, requalified battery modules sourced from the European automotive business – contributing to vitality safety and a extra resilient vitality infrastructure.
