Galvani Power (Accelerator)

Company Description: Born of a two-year development, Galvani Power provides modular, high quality and high-performance battery solutions for non-mass market electrification needs: $5.0B/yr demand not served by Gigafactories. Galvani Power's differential competitive advantage: a complete and advanced battery platform that cuts dramatically customers' time to market and need of system integration. A lego-like set of "bricks" that can be composed into high-tech, plug-and-play batteries with all certification requirements needed to speed up homologation of final products in an industrial and scalable way. Galvani Power's team combines young blood with experienced automotive professionals bringing in managerial and technical competence and industry network. Supply chain and customer development, under way for over a year, yielded a sizable portfolio of solid leads. CAPEX envisaged is about €2.8M fo the first three years - destined to technical equipment for prototyping and manufacturing. Founders together with Family&Friends investors to provide a first capital contribution in the range of €500K; advanced discussions are under way with Seed industrial investors for the remaining €2.0M needed for a full industrial scale-up leading to a targeted €10.0M+ turnover in 2025, with EBITDA of €2.0M.