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German CleanTech startup Voltfang secures €15 million and launches Europe’s “largest second-life battery factory”
- German CleanTech startup Voltfang secures €15 million in Series B financing round led by Dutch DeepTech investor FORWARD.One.
- Voltfang, founded in 2020, specializes in high-performance European battery storage solutions for industrial, commercial, and grid-scale applications.
- The company uses requalified EV batteries from the European automotive industry to build its energy storage systems.
- Customers of Voltfang include Aldi Nord, Alba Group, Fiege Logistik, and Goldbeck.
- Voltfang is expanding its production capacity by opening the “Voltfang Future Fab” in Aachen, North Rhine-Westphalia, to scale up to 1 GWh of energy storage solutions.
- The company aims to replace the Weisweiler coal-fired power plant by 2030 by rolling out sustainable battery storage solutions.
- By the end of 2026, Voltfang plans to deliver an additional 250 megawatt-hours of sustainable battery storage across Europe.
- The company is developing Venma, an intelligent energy management system with AI capabilities for businesses to optimize self-consumption and reduce electricity costs.
- Voltfang aims to reduce reliance on battery storage from China and other Asian countries by utilizing European second-life and surplus batteries.
- Germany's energy storage market is growing, with projections indicating the need for around 100 GWh of electrical storage capacity by 2030 and 180 GWh by 2045.
- The company's proximity to innovative local companies in Aachen such as Cylib and Black Semiconductor supports the development of the area as a technology hub in battery technology.
- The financing round and expansion plans showcase market confidence in Voltfang's technological relevance and growth potential.
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