Fundz

Aquabattery raises $6.39M in seed funding to bring LDES product to market

PRIVATEApr 22, 2024

Amount Raised

€6 Million

Round Type

Seed

DelftEnergyRenewable Energy

Investors

Init PowerInvest NlInnovation QuarterEit Inno Energy

Description

Dutch energy storage start-up Aquabattery has raised EUR 6 million (USD 6.39m) in a seed investment round to support its plan to bring a saltwater long-duration energy storage (LDES) solution to the European market by 2026. The capital will catalyse the development of its first standardised battery module and boost the hiring of top-tier talent to the team.

Quick answer

Aquabattery raised €6 Million in a Seed round, dated April 22, 2024. Investors: Init Power, Invest Nl, Innovation Quarter and Eit Inno Energy. Aquabattery is based in Delft, South Holland, Netherlands.

How much did Aquabattery raise?
Aquabattery raised €6 Million in a Seed round on April 22, 2024.
Who invested in Aquabattery?
Init Power, Invest Nl, Innovation Quarter and Eit Inno Energy are named as investors in this round.
What does Aquabattery do?
AQUABATTERY is a flow-type long duration energy storage (LDES) solution.
Where is Aquabattery based and how big is it?
Aquabattery is based in Delft, South Holland, Netherlands.
Who are the decision-makers at Aquabattery?
Fundz holds 1 contact at Aquabattery. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Aquabattery that raised within 45 days of this round, from Fundz verified event records.

  • Aptera Motors raised $134K (Seed) on June 6, 2024.
  • Samara raised $9.8M (Series A) on June 4, 2024.
  • Recurrent Energy raised $500M on June 3, 2024.
  • Plural Energy raised $2.3M (Seed) on May 30, 2024.
  • Zenobē raised $1.3B (Debt Financing) on May 29, 2024.
  • Gesa Credit Union raised $20M on May 29, 2024.

Who to call at Aquabattery, and when

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Company Information

Company

Aquabattery

Location

Delft, South Holland, Netherlands

About

AQUABATTERY is a flow-type long duration energy storage (LDES) solution. We have developed an innovative product that stores renewable electricity by using water and table salt. This revolutionary LDES is relying on abundant, environmentally friendly and cheap materials, table salt and water, which create the world's most sustainable, safe and scalable long duration battery.

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Aquabattery raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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