# VoltStorage

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

- Industry: Energy Storage & Batteries
- Headquarters: Munich, Germany
- Website: www.voltstorage.com
- Total disclosed funding: $6.7M
- Latest round: Series A (Aug 9, 2021)
- Investors on record: 6

## About

VoltStorage GmbH, based in Munich, Germany, specializes in advanced long-duration energy storage solutions through its proprietary Iron Salt Battery technology. The company aims to enhance energy availability for clients using renewable energy sources.VoltStorage GmbH was founded in 2016 in Munich, Germany, focusing on innovative energy storage systems. The founders, Jakob Bitner and Michael Peither, have backgrounds in technology and entrepreneurship. The company has successfully completed 10 deals, with its most recent funding round occurring on July 28, 2023, where it raised EUR 30 million in VENTURE DEBT from the European Investment Bank. To date, VoltStorage has raised a total of EUR 24 million in funding.VoltStorage specializes in innovative long-duration energy storage solutions, primarily through its proprietary Iron Salt Battery (ISB) technology. This technology maximizes energy value for providers and customers by ensuring that harvested energy from renewable sources is readily available. The ISB system features a rated power capacity ranging from 1 MW to over 100 MW and can store energy with capacities between 8 MWh and 2.4 GWh. With discharge durations from 8 to over 24 hours, the system is effective across diverse applications, including utility-scale energy management and renewable power optimization, serving sectors such as oil and gas, mining, agriculture, and renewable-powered microgrids.In the most recent year of 2023, VoltStorage generated revenue of EUR 14,190.70 from direct sales of its energy storage systems, primarily through B2B agreements with utilities and large industrial clients. The company’s pricing structure includes options for bulk purchases and long-term partnerships, allowing clients to utilize the technology effectively without significant upfront capital investments. Flagship products like the ISB system are promoted based on their cost-effectiveness and durability, contributing to enhanced energy management capabilities for clients across key sectors.VoltStorage plans to utilize its recent EUR 30 million VENTURE DEBT funding from July 2023 to enhance the development and commercialization of its innovative energy storage solutions. The company aims to expand its manufacturing capabilities and target new markets in North America and Europe. Upcoming product launches and enhancements are designed to further optimize performance and meet the evolving needs of energy providers and industrial clients.

## Funding rounds

- Series A, Aug 9, 2021 — Korys, Bayern Kapital, SOSV, InnoEnergy
- Series B, Jun 25, 2020, $6.7M — Sirius Equity Partners, Korys, Bayern Kapital, SOSV, InnoEnergy
- Series A, Sep 27, 2018 — SOSV, HAX
- Series A, Feb 1, 2017 — Sirius Equity Partners, SOSV
- Seed, Dec 28, 2016 — SOSV, HAX
- Seed, Aug 5, 2016 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A, Series B
- HAX — Seed, Series A
- Sirius Equity Partners (https://capitalatlas.ai/funds/sirius-equity-partners) — Series A, Series B
- Korys (https://capitalatlas.ai/funds/korys) — Series B, Series A
- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Series B, Series A
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Series B, Series A