VoltR secures €22 million for battery remanufacturing
Article image: EU-StartupsFrench battery company VoltR has secured €22 million comprising €16 million in equity and €6 million in grants, EU-Startups reports. The financing supports industrialization of remanufactured lithium batteries, with backing from Bpifrance’s SPI 2 fund and Decathlon PULSE. Proposed production and hiring increases are future targets rather than completed expansion.
DTT summary based on EU-Startups's report. The full article is on the publisher's site.
Round details
Remanufactures lithium batteries to extend the useful industrial life of their cells.
- €16M equity plus €6M in Première Usine grants.
- Targets sixfold production capacity within two years; expansion is planned, not completed.
- Equity + grants: €22M
- Investors: Bpifrance SPI 2, Decathlon PULSE
- Use of funds: The company plans to use this capital to accelerate the industrial deployment of its remanufacturing model.