The round was led by Dutch deeptech investor FORWARD.One, with additional investors including existing backers such as Interzero, PT1, Helen Ventures, Daphni, Aurum Impact (the Goldbeck family office), as well as new partners like Fiege Ventures and Newberry Investments.
The new production site in, called the ‘Voltfang Future Fab’, will deliver substantial growth potential and enables expansion of Voltfang’s production capacities, with the aim of rolling out enough battery storage by 2030 to replace the Weisweiler coal-fired power plant and strengthen Germany as an industrial location.
Voltfang aims to deliver an additional 250 megawatt-hours of sustainable battery storage across Europe by the end of 2026. The company will also continue developing its intelligent energy management system, Venma, which integrates AI capabilities to help businesses maximise self-consumption, lower electricity costs, and participate in energy markets.
The move into the former production halls of Aachen-based electric vehicle manufacturer Next.e.GO, with 6,000 m² in the TRIWO Technology Park in NRW, reflects strong demand from industrial, commercial, and large-scale storage sectors.
While Voltfang's storage capacity in 2023 amounted to 5 MWh, it increased to 20 MWh in 2024. With this production scale-up, Voltfang aims to reduce reliance on battery storage from China and other Asian countries.
By utilising second-life and surplus batteries from the European automotive industry, the company will support the development of an independent and resilient battery industry in Germany and Europe.
Germany’s energy storage market is continuously growing, with Fraunhofer Institute projections emphasising its significance: around 100 GWh of electrical storage capacity will be needed by 2030 and around 180 GWh by 2045.
A special advantage of the location is its proximity to other innovative local companies such as Cylib, also part of the Battery Circle Aachen, and Black Semiconductor, a pioneer of next-generation chip technology. This neighbourhood fosters synergies and supports the development of Aachen as a technology hub in the field of battery technology.
“This financing round directly responds to the enormous surge in orders we experienced in Q1” said David Oudsandji, CEO and Co-Founder of Voltfang. “Expanding the energy infrastructure is urgently needed across Germany and Europe, especially as we work to build resilience against external energy dependencies. We must act now to create more grid flexibility using large-scale battery storage. Doubling our company valuation in just six months is a strong signal of the market’s confidence in Voltfang’s technological relevance and growth potential.”
Voltfang’s systems use high-performance, requalified battery modules sourced from the European automotive industry - contributing to energy security and a more resilient energy infrastructure.
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