What is CUSTOMCELLS?
CUSTOMCELLS specializes in high-performance volume manufacturing and modular cell technology, offering bespoke battery solutions across the entire value chain. With a proven track record of over 2000 completed projects, the company is instrumental in supporting clients' electrification and decarbonization objectives. Their expertise in tailored solutions and commitment to innovation position them as a key player in the evolving energy landscape.
How much funding has CUSTOMCELLS raised?
CUSTOMCELLS has raised a total of $63.8M across 1 funding round:
Series A
$63.8M
Series A (2022): $63.8M with participation from Vsquared, World Fund, Abacon Capital, and Porsche
Key Investors in CUSTOMCELLS
Vsquared
Vsquared Ventures is a venture capital firm focused on innovative technologies, supporting entrepreneurs in high-risk sectors like next-generation rockets and quantum computing, with backing from EU financial instruments.
World Fund
World Fund is a European venture capital fund investing in climate technology startups from Seed to Series B, aiming to reduce significant CO2e emissions annually through investments in sustainable solutions.
Porsche
Porsche, a renowned luxury vehicle manufacturer headquartered in Stuttgart, Germany, invests in companies that align with their strategic vision for the future of mobility.
What's next for CUSTOMCELLS?
The recent major strategic investment in CUSTOMCELLS signals a strong confidence in their growth trajectory and technological capabilities. This capital is expected to fuel further expansion in high-volume manufacturing and the development of advanced modular cell technologies. The company's focus on critical industries like automotive and aviation suggests a strategic push to solidify its market position and drive innovation in sustainable energy solutions, potentially leading to new partnerships and product advancements.
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