# Customcells Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/customcells-holding

- Industry: Energy Storage & Batteries
- Headquarters: Itzehoe, Germany
- Website: www.customcells.de
- Total disclosed funding: $62M
- Latest round: Series A (Nov 25, 2022)
- Investors on record: 6

## About

Founded in 2012, Customcells Holding GmbH is a German company specializing in advanced energy storage technology and battery cell innovation, addressing key challenges in energy solutions for various sectors.Customcells Holding GmbH focuses on developing and producing high-performance battery cells for applications in electric vehicles and renewable energy sectors. The company was founded by Leopold König and Torge Thönnessen in Itzehoe, Germany. In November 2022, Customcells raised EUR 60 million in a Series A funding round, led by VoltageSquared GmbH & Co. KG, with participation from Abacon Capital, Porsche Ventures, and World Fund. The company has completed 4 significant funding deals, with a total amount raised of EUR 60 million, leading to a current valuation of EUR 272.35 million.Customcells specializes in energy storage technology, focusing on cell and process innovations that have evolved over a decade. Its primary offerings include advanced battery cells designed for electric mobility, renewable energy integration, and portable electronics. The company serves a diverse clientele, including automotive manufacturers and energy companies, by providing tailored energy storage solutions that enhance performance and minimize environmental impact.In 2022, Customcells generated revenue of EUR 787,450.30 with an EBITDA of EUR -2,949,599, showcasing a focus on long-term partnerships in the B2B sector by selling proprietary battery cells and energy storage solutions.Customcells plans to utilize the EUR 60 million raised in November 2022 to expand its operations in the electrification of air traffic, intensify research and development efforts, and promote internationalization. The company is targeting new markets and geographic regions, aiming to launch upcoming products that align with its strategic growth initiatives.

## Funding rounds

- Series A, Nov 25, 2022, $62M — Porsche Ventures, Abacon Capital, World Fund, VoltageSquared GmbH & Co. KG
- Seed, Nov 5, 2013 — Altana AG's Pharmaceuticals Business, Innovationsstarter Fonds Hamburg

## Investors

- Altana AG's Pharmaceuticals Business — Seed
- Innovationsstarter Fonds Hamburg (https://capitalatlas.ai/funds/innovationsstarter-fonds-hamburg) — Seed
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series A
- Abacon Capital (https://capitalatlas.ai/funds/abacon-capital) — Series A
- World Fund (https://capitalatlas.ai/funds/world-fund) — Series A
- VoltageSquared GmbH & Co. KG — Series A