What is VoltStorage?
VoltStorage specializes in developing innovative energy storage systems designed to maximize energy value and minimize waste. Their flagship product, the Iron + Salt Battery Vault, offers a cost-effective and durable long-duration energy storage solution suitable for a range of applications. The company targets energy providers, utility grid operators, and commercial industrial sectors that require dependable and sustainable energy infrastructure. VoltStorage aims to enhance the resilience of future power grids by addressing critical energy gaps.
How much funding has VoltStorage raised?
VoltStorage has raised a total of $31M across 2 funding rounds:
Other Financing Round
$7M
Series C
$24M
Other Financing Round (2020): $7M with participation from Energie360, Matthias Willenbacher,, SOSV LLC, EIT InnoEnergy, Bayern Kapital GmbH, and Korys
Series C (2022): $24M led by Cummins
Key Investors in VoltStorage
EIT InnoEnergy
EIT InnoEnergy is a European initiative focused on fostering innovation and entrepreneurship in the energy sector, aiming to boost Europe's competitiveness and sustainable growth through collaboration between business, education, and research organizations.
Bayern Kapital GmbH
Bayern Kapital is a venture capital firm based in Bavaria that invests in innovative technology startups and companies, providing financing from seed to growth stages to support sustainable innovation.
Korys
Korys is an investment company focused on shaping a sustainable future through long-term partnerships, with investments centered around the themes of Conscious Consumer, Energy Transition, and Healthy Living.
What's next for VoltStorage?
The substantial enterprise-level funding, particularly the recent strategic investment, indicates VoltStorage is likely in a scaling or expansion phase, aiming to commercialize its technology more broadly and solidify its market presence. This capital infusion will likely fuel further research and development, enhance manufacturing capabilities, and expand its sales and distribution networks to meet the growing demand for advanced energy storage solutions. The company's focus on ultra low-cost and durable long-duration storage positions it to play a crucial role in the ongoing energy transition.
See full VoltStorage company page
