Tech Company Financing Transactions
VoltStorage Funding Round
VoltStorage, based in Munich, raised $24 million from Cummins.
Transaction Overview
Company Name
Announced On
8/1/2022
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Undisclosed
Investors
Cummins (Jennifer Rumsey)
Proceeds Purpose
VoltStorage said it plans to use Cummins' investment to develop larger-scale redox flow storage systems for commercial, agricultural and residential use. The investment will also help VoltStorage move its iron salt battery closer to commercialization.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Gmunder Straße 37
Munich, 81379
Germany
Munich, 81379
Germany
Phone
Website
Email Address
Overview
Founded in 2016 in Germany, VoltStorage has become the technological forerunner for stationary flow batteries within a few years. Three visionary founders, an international team of experts and supportive investors have made this success possible.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jakob Bitner
Chief Operating Officer
Verena Graf
Chief Technical Officer
Michael Peither
VP - Product Management
Felix Kiefl
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Our team works diligently to record every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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