ANGERS, France, June 24,
2024 /PRNewswire/ -- VoltR, a French manufacturer of
French sustainable lithium batteries, has raised €4 million to
industrialise its processes. For this seed funding round, the
Deeptech was able to count on C4 Ventures, Exergon, Pays de la
Loire Participations and Anjou Amorçage, among others.
VoltR will continue to develop its pilot plant, industrialise
its refurbishment processes, carry out research and
development and recruit new talents. A Series A funding round of
several tens of millions of euros has already been launched and is
expected to close by Q4 of 2024.
Responding to ecological challenges and those concerning
European sovereignty
The transition of the energy and industrial sectors – and in
particular the electrification of uses – is driving growing demand
for batteries. But since raw materials such as lithium are required
to produce them, this demand also leads to considerable energy and
water consumption. The carbon footprint generated by
producing a classical battery is much greater than a
refurbed product. That's why VoltR's mission is to maximise the
value of batteries by putting them to new uses.
Sustainable batteries with high performance
Founded in 2022, VoltR has developed technologies and processes
based on artificial intelligence for characterising, reallocating
and reproducing batteries. VoltR manufactures batteries for a
variety of applications from used products that retain 80% of their
storage capacity on average. Meeting the same quality and capacity
expectations as new batteries, their performance sometimes exceeds
that of new products.
"Our aim is to build a European circular economy for lithium
batteries in order to minimise their environmental impact.
The largest lithium deposit is not buried within mines, but
rather found in our homes," says Alban
Regnier, President and founder of VoltR.
VoltR has raised a total of €2 million in seed capital. The
start-up has received support from C4 Ventures and Exergon, among
others. VoltR has also received funding from Pays de la Loire
Participations and Anjou Amorçage and has secured a further €2
million as a combination of debt and grants.
Camille Bouget / camille.bouget@voltr.tech
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SOURCE VoltR