VoltR, a pioneering French manufacturer of sustainable lithium batteries, has successfully raised €4 million in seed funding. This funding will help the company industrialize its processes and expand its capabilities.
VoltR, a pioneering French manufacturer of sustainable lithium batteries, has successfully raised €4 million in seed funding. This funding will help the company industrialize its processes and expand its capabilities.
Major investors in this round include C4 Ventures, Exergon, Pays de la Loire Participations, and Anjou Amorçage.
Founded in 2022, VoltR is dedicated to addressing ecological challenges and enhancing European sovereignty by transforming the lithium battery industry.
With the rapid electrification of various sectors, the demand for batteries is surging, which in turn increases the consumption of raw materials like lithium.
VoltR's mission is to mitigate this environmental impact by maximizing the value of used batteries through innovative refurbishment processes.
VoltR has developed advanced technologies and processes utilizing artificial intelligence to characterize, reallocate, and reproduce batteries.
The company manufactures batteries from used products that retain an average of 80% of their storage capacity, often exceeding the performance of new batteries.
"Our aim is to build a European circular economy for lithium batteries to minimize their environmental impact. The largest lithium deposit is not buried within mines but found in our homes," - Alban Regnier, President and founder of VoltR.
VoltR's total seed capital now stands at €2 million, supplemented by an additional €2 million through a combination of debt and grants.
With this funding, the company plans to:
Looking ahead, VoltR has already launched a Series A funding round, targeting several tens of millions of euros, expected to close by Q4 of 2024.
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VoltR is committed to reducing the carbon footprint of lithium batteries by reconditioning cells, thereby extending their life and utility.
This approach not only conserves resources but also supports the creation of a local circular economy that generates value and employment.
VoltR's core values emphasize responsibility, reliability, and collective intelligence. The company is dedicated to:
The story of VoltR began with the vision of four complementary co-founders—Alban, François, Maxime, and Thibaud—who believed that entrepreneurship could drive the energy and ecological transition.
Following years of technical study, VoltR inaugurated its first production line in Angers, attended by Christophe Béchu, Minister of Ecological Transition and Territorial Cohesion.
VoltR offers a range of solutions that address the entire value chain of lithium batteries:
VoltR is poised to revolutionize the lithium battery industry by creating a sustainable, circular economy that significantly reduces environmental impact.
Stay tuned for more updates as VoltR continues to lead the way in battery refurbishment and innovation.
Photo credit: Photo: maxlashcheuski - modified by Causeartist
Photo credit: Turnout: Modified by Causeartist
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