Funding Details
- Awarder
- RSS - climateinsider.com
- Date Award
- July 08, 2024
- Vertical
- Energy Storage
- Funding URL
- View Funding Page
Company Info
- Founders
- Stefan Bahamonde
- Company Description
- Libattion, a Zurich-based company specializing in upcycled EV battery technology for stationary energy storage, secured €14 million in funding led by A&G Energy Transition Tech Fund, with contributions from Teknia, HCapital New Ideas II, and EBL. Libattion’s proprietary algorithms and advanced power control systems extend the life of repurposed batteries, creating efficient and adaptable energy storage systems known as “e-Racks.” The investment highlights the growing demand for sustainable battery storage solutions in Europe.
- Market
- Europe
- Location
-
Zurich,
Switzerland
- Coinvestors
- A&G Energy Transition Tech Fund, Teknia, HCapital New Ideas II, EBL
Links