Funding Details
- Awarder
- SemiNews
- Date Award
- December 05, 2023
- Vertical
- Batteries
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2019
- Traction
- Rivus Batteries has secured projects with the Swedish Energy Agency and a spot in the Vinnova Deep Tech Accelerator Program, totaling €545,000. The company is close to completing its first pre-commercial product and aims to reveal its first full-scale prototype in the second half of 2024.
- Organizations Involved
- xista science ventures, NAVCAP AB, EIT InnoEnergy, Swedish Energy Agency, Vinnova
- Founders
- Dr. Cedrik Wiberg, Andreas Kölling
- Company Description
- Rivus Batteries is a climate tech startup developing novel organic flow battery technologies with the aim to halve the cost and climate footprint of grid-scale energy storage by replacing heavy metal-based electrolytes with organic electrolytes in new flow batteries. The company focuses on deploying metal-free batteries for renewable energy storage, contributing to Europe's energy transition towards predominantly renewable energy sources.
- Market
- Energy Storage
- Location
-
Sweden
- Coinvestors
- xista science ventures, NAVCAP AB, EIT InnoEnergy
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