What is Voltfang?
Voltfang requalifies electrical vehicle batteries after their first life in the EV into storage systems, which can store renewable energies in a sustainable way.
Business and value proposition
Voltfang is a climate tech startup empowering renewable energy adoption in the most sustainable way. The company repurposes second-life electric vehicle batteries into software-powered energy storage systems that allow commercial real estate owners to optimize their renewable energy production and consumption.
Why we invested?
Voltfang operates in a booming battery and electricity market, offering a cost-effective and eco-friendly solution less dependent on Asian suppliers. Their strategic integration of existing technologies enabled them to be first to market, securing early traction and valuable customer feedback. Beyond hardware, the company’s major upside lies in its software, optimizing energy consumption, trading, and grid balancing. Voltfang’s solution also delivers strong environmental benefits by supporting renewable energy storage and reducing reliance on rare earth elements. The company has already met its 2023 commercial targets, de-risking execution.
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