# Basquevolt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basquevolt

- Industry: Energy Storage & Batteries
- Headquarters: Vitoria-Gasteiz, Spain
- Website: www.basquevolt.com
- Total disclosed funding: $10M
- Latest round: Seed (Jun 28, 2022)
- Investors on record: 6

## About

In 2022, the company was founded with the vision to be a European benchmark in the development of solid-state batteries by the Basque Government, Iberdrola, CIE Automotive, Enagás, EIT InnoEnergy, and CIC energiGUNE. The company was headquartered in Álava Technology Park, where CIC energiGUNE is just a few meters away. Since it was established, the company built up a research team led by Michel Armand, a battery scientist with expertise in the polymeric solid electrolyte fields. The company's technology is based on the use of a composite electrolyte patented by CIC energiGUNE. In March 2026, Basquevolt raised an undisclosed amount of venture funding from Axon Partners Group. The round was part of a larger equity and grant financing.

The company will use the March 2026 funding to support its transition toward industrial-scale production by expanding electrolyte manufacturing capabilities and enhancing validation processes.

## Funding rounds

- Seed, Jun 28, 2022, $10M — CIE Automotive, Enagas, InnoEnergy, Iberdrola Ventures-Perseo, Basque Government, CIC energiGUNE

## Investors

- CIE Automotive — Seed
- Enagas — Seed
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed
- Iberdrola Ventures-Perseo (https://capitalatlas.ai/funds/iberdrola-ventures-perseo) — Seed
- Basque Government — Seed
- CIC energiGUNE — Seed