Betteries Secures €2.1M Seed Funding To Upcycle Electric Vehicle (Ev) Batteries And To Avert Climate Change
Round Type
Seed
Description
The Berlin-based profit for impact startup betteries has successfully closed its €2.1m seed funding round led by impact funds Factor[e] Ventures and Beyond Black. Munich-based family office ISAR AG, an undisclosed French family office as well as existing shareholders have completed the round. Funding will allow betteries to refine its business model, serve more customers in developed economies and frontier markets, get its first two products - the betterPack and the betterGen - launched into the market in 2021 and kick-start the development of the betterStore.
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