Tech Company Financing Transactions
Voltfang Funding Round
PropTech1 Ventures, AENU and Aurum Ventures MKI participated in a $5.5 million Seed funding round for Voltfang. The round closed on 5/10/2023.
Transaction Overview
Company Name
Announced On
5/10/2023
Transaction Type
Venture Equity
Amount
$5,457,000
Round
Seed
Investors
Proceeds Purpose
The company will use the funds to give new life to EV batteries with its energy storage solution.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Grüner Weg 37
Aachen, 52070
DE
Aachen, 52070
DE
Phone
Undisclosed
Website
Email Address
Overview
We manufacture battery storage of the future in the present. There are currently no efficient and comprehensive recycling options for batteries from electromobility. Our 2nd-life use of electric vehicle batteries offers the opportunity to reduce the ecological footprint. Discarded batteries usually have an aging-related residual capacity of over 80%. They are therefore ideally suited for further use in stationary storage systems, which are an essential part of the sustainable energy transition.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Oudsandji
Co-Founder
Roman Alberti
Co-Founder
Afshin Doostdar
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