VoltR, an Angers, France-based manufacturer of lithium batteries, raised €4M in funding.
Backers included C4 Ventures, Exergon, Pays de la Loire Participations and Anjou Amorçage, among others.
The company intends to use the funds to develop its pilot plant, industrialise its refurbishment processes, carry out research and development and recruit talent.
Led by President and Founder Alban Regnier, VoltR has developed technologies and processes based on artificial intelligence for characterising, reallocating and reproducing batteries. It manufactures batteries for a variety of applications from used products that retain 80% of their storage capacity on average.
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.
FinSMEs
24/06/2024