Home Breaking News Dutch battery startup LionVolt raises 4 million euros in seed round

Dutch battery startup LionVolt raises 4 million euros in seed round

Netherlands-based LionVolt, a startup providing next-generation batteries based on 3D solid-state technology, raised 4 million euros on 18th November.

Investors: Innovative Industries led the round and was joined by Brabantse Ontwikkelingsmaatschappij (Bombant Development Agency) and well-known investor Sake Bosch.

Purpose of funding: The Company plans on utilizing the funding to develop a more efficient and sustainable solid-state lithium-ion battery. In comparison to lithium batteries currently in use, 3D Solid-State Thin-Film batteries are significantly lighter and safer. Rapid charging, high energy density, intrinsic safety, and a long product lifespan are all features of these batteries. Moreover, the startup will use its solutions to power technology in several industries, such as wearable technology, electric vehicles (EVs) and aviation.

About LionVolt

Source: LionVolt

Founded in 2020 by Karl McGoldrick and Sandeep Unnikrishnan, LionVolt is located in Eindhoven, Netherlands. LionVolt is a startup providing next-generation batteries based on 3D solid-state technology. In addition to delivering high performance, fast charging, intrinsic safety, and sustainability, the Company’s mission is to grow and scale 3D solid-state batteries. Its next-generation solutions will make the energy industry more efficient. 3D-scale technology offers several significant benefits. In addition, the batteries feature a 3D structure with a vast surface area and very short distances between both electrodes that are made by covering billions of pillars with thin layers of functional material. Charging and discharging times are reduced since the lithium-ions travel only a short distance.

What the founders have to say

“The battery industry requires a bold new approach to meet evolving needs in terms of cost, performance, safety and sustainability. We are pioneering that solution while building a strong ecosystem to support this innovation. The support of TNO and our investors will not only bring our R&D to its next stage but will further establish the Netherlands as a hub of Climate Technologies,” said Karl McGoldrick, CEO and co-founder at LionVolt B.V.

“This is an exciting milestone for LionVolt. We are creating batteries that will transform the energy sector in terms of safety, energy density and performance. LionVolt is proud to continue its game-changing innovation from the Brabant region,” said Dr Sandeep Unnikrishnan, CTO and co-founder at LionVolt.

What the investors have to say

“LionVolt’s new technology will provide consumers with better, longer-lasting batteries while also contributing to the adoption of exciting technologies like wearables and electric cars. We are proud to work with LionVolt and support their mission to revolutionize the battery industry,” said Nard Sintenie, partner at Innovation Industries.

“LionVolt is a strong example of the innovation occurring in the Brabant region of the Netherlands. The BOM invests in Lionvolt because the Company has enormous potential. Almost 80 percent of the supply chain the Company needs to build a production line can be sourced locally. LionVolt could be one of the next big OEM’s in the Brainport region,” said Jurgen van Eck at Brabant Development Agency (BOM).

For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article

Previous articleEngland-based hospitality startup OTA Insight raises USD 80 million in series B funding
Next articleIsraeli tech startup Swish.ai raises USD 13 million in series A round
Varun Nath writes about the startup ecosystem on VC Bay. A student at Delhi University, he is pursuing a Bachelor of Commerce degree. In pursuit of exploring the world of finance and technology. You can reach him at varunnath155@gmail.com


Please enter your comment!
Please enter your name here