Libattion (Seed)
Funding Details
Awarder
RSS - climateinsider.com
Date Award
July 8, 2024
Vertical
Energy Storage
Funding Amount
$14,000,000
Company Info
Founders
Stefan Bahamonde
Market
Europe
Location
Zurich, Switzerland
Coinvestors
A&G Energy Transition Tech Fund, Teknia, HCapital New Ideas II, EBL
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.

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