# Elestor

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

- Industry: Renewable Energy
- Headquarters: Arnhem, Netherlands
- Website: www.elestor.nl
- Total disclosed funding: $30M
- Latest round: Series A (Aug 27, 2022)
- Investors on record: 6

## About

Founded in 2014 by Wiebrand Kout and based in Arnhem, Netherlands, Elestor BV operates as a manufacturer of electrical storage that researches and provides renewable energy via hydrogen and bromine materials and a patented simplified system. In August 2022, Elestor BV raised EUR 30 million in venture funding from Equinor, including Invest-NL, EIT InnoEnergy, Enfuro Ventures, Royal Vopak, and Somerset Capital Partners. As of 2022, Guido Dalessi is the CEO of the company.

The company provides a solution that employs flow batteries with hydrogen and bromine as active ingredients; a compact cell that is simple to manufacture; and a proprietary streamlined system to minimize the cost of electricity storage. The firm's technology enables the storage of renewable energy generated by wind farms or solar power plants.

## Funding rounds

- Series A, Aug 27, 2022, $30M — Royal Vopak, Somerset Capital Partners, InnoEnergy, Enfuro Ventures, Invest-NL, Equinor Ventures

## Investors

- Royal Vopak — Series A
- Somerset Capital Partners (https://capitalatlas.ai/funds/somerset-capital-partners) — Series A
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Series A
- Enfuro Ventures — Series A
- Invest-NL — Series A
- Equinor Ventures — Series A