Voltfang secures over €8 Million in Series A funding to boost green energy storage growth

German green energy storage pioneer Voltfang has raised over €8 million in a successful Series A funding round, which includes €800,000 in secured grants. The oversubscribed round was led by Dutch venture capital firm FORWARD.one, specializing in deeptech investments, with significant backing from Interzero. Existing investors such as PT1, AENU, Helen Ventures, Daphni, Aurum Impact (the family office of Goldbeck), and Maximilian Viessmann also participated.

The new capital injection will enable Voltfang to expand its product portfolio and invest further in its cutting-edge Energy Management System, enhancing the efficiency of its battery storage solutions. The funds will also support the company’s efforts to penetrate both commercial/industrial and grid-scale markets, solidifying its position as a leader in sustainable energy infrastructure and the circular economy.

“We are thrilled to welcome FORWARD.one and Interzero as partners. Their financial support, along with their expertise in hardware, climate tech, and the circular economy, perfectly aligns with our mission,” said David Oudsandji, CEO and co-founder of Voltfang. “Their backing will be invaluable as we continue to innovate and lead in the sustainable energy storage sector.”

Lead investor FORWARD.one expressed enthusiasm for Voltfang’s vision. “Voltfang’s green energy storage solution exemplifies our commitment to supporting companies that address major challenges through advanced hardware and software technologies,” said Beau-Anne Chilla, who oversees climate tech investments at FORWARD.one. “We see their storage systems as critical to Europe’s energy transition and resource independence, and we are excited to support their growth.”

Interzero, which promotes a zero-waste future, also highlighted the alignment between its mission and Voltfang’s approach to energy storage using requalified electric vehicle batteries. Interzero will provide strategic insights on circular economy practices, as well as access to its extensive network, helping Voltfang scale its operations.

Fabian Heilemann of AENU, an existing investor, commented on the critical role of energy storage in Europe’s renewable energy future. “The European power grid is under pressure due to the rapid rise of renewables. Expanding storage capacity is a faster, more cost-effective solution to stabilizing the grid, and Voltfang’s high-performance green storage systems are at the heart of that effort.”

Voltfang CFO Dr. Gerrit Janke underscored the significance of the funding round, noting that some existing investors increased their stakes. “The quick closure of this round in just three months, despite a challenging market for growth capital, reflects strong confidence in our strategy and team,” he said.

Voltfang’s energy storage systems, built from requalified electric vehicle batteries, offer a sustainable solution to the rising energy demands in Europe. The company plans to deploy an additional 40 MWh of battery capacity by 2025, further contributing to the continent’s shift towards renewable energy and efficient power management.