VoltStorage
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- eit ecosystem
- solar energy
- renewable energy
- battery
- eit innoenergy
- eit kic partners
- european battery alliance
- stationary energy storage
- novel energy
- alternative battery chemistry
- grid energy storage
- long duration energy storage
- large scale energy storage
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|
Revenues | - | 2.0m | - | - | <1m | <1m |
% growth | - | - | - | - | - | (99 %) |
EBITDA | - | (1.3m) | (2.1m) | (3.1m) | (4.6m) | - |
% EBITDA margin | - | (66 %) | - | - | (788 %) | - |
Profit | (<1m) | (1.3m) | (2.2m) | (3.3m) | (4.7m) | (7.3m) |
% profit margin | - | (67 %) | - | - | (812 %) | (122206 %) |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | Convertible | ||
N/A | Seed | ||
N/A | Seed | ||
€50.0k | Grant | ||
N/A | Seed | ||
€1.0m | Grant | ||
* | €1.0m | Seed | |
N/A | Convertible | ||
€6.0m | Early VC | ||
$5.0m | Series A | ||
* | €24.0m | Late VC | |
* | €30.0m | Debt | |
Total Funding | €36.6m |
Recent News about VoltStorage
EditVoltStorage is a Munich-based startup that specializes in the development of innovative battery solutions. The company's mission is to make renewable energy available 24/7, addressing the challenge of supply gaps during periods of low wind or sunlight. Their battery solutions are designed to be resource-efficient, cost-effective, and environmentally friendly, contributing to a greener future.
VoltStorage's primary clients are likely to be those in the renewable energy sector, including wind and solar energy providers, who need reliable and affordable energy storage solutions. The company operates in the global energy market, which is increasingly shifting towards renewable sources.
The company's business model revolves around the development and sale of their battery storage solutions. They make money by selling these batteries to energy providers and possibly also to large energy consumers.
VoltStorage's batteries use Redox-Flow storage technology, which is particularly environmentally friendly. This technology is characterized by high operational reliability and longevity, does not require rare earths or conflict raw materials, and is fully recyclable. The batteries are also safe, with a storage medium made up of non-flammable components, and flexible, with power and capacity that can be scaled independently.
In summary, VoltStorage is a forward-thinking company that is contributing to the renewable energy revolution by providing efficient, sustainable, and cost-effective battery storage solutions.
Keywords: Renewable Energy, Battery Storage, Redox-Flow Technology, Resource-Efficient, Cost-Effective, Environmentally Friendly, Operational Reliability, Longevity, Fully Recyclable, Non-Flammable.