The round was oversubscribed and led by Dutch deeptech venture capital firm FORWARD.One, with significant participation from Interzero. Existing investors in Voltfang, including PT1, AENU, Helen Ventures, Daphni, Aurum Impact (family office of Goldbeck) and Maximilian Viessmann, also invested.
The funding will be used to broaden Voltfang's product offerings, including additional investments in its advanced Energy Management System to maximize the power of its battery storage systems. This will allow the company to increase market penetration across both commercial/industrial and grid-scale applications and further strengthen the company's market position as a pioneer in green energy infrastructure and circular economy.
“We are extremely pleased to have FORWARD.One and Interzero on board - two partners who not only bring financial commitments but also a deep understanding of our vision and mission” said David Oudsandji, CEO and co-founder of Voltfang. “FORWARD.One's focus on hardware and climate tech as well as Interzero's know-how in the circular economy align perfectly with our goals. Our new investors' respective expertise will be invaluable as we continue to innovate and lead in sustainable energy storage.”
Voltfang's storage systems are built using requalified electric vehicle batteries, offering a sustainable solution to the growing demands of the energy sectors. These systems help optimize energy use, reduce reliance on non-renewable power sources, and manage peak loads more effectively. The company is planning to deploy an additional 40 MWh battery capacity by 2025.
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