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Libattion secures €14M in a private equity funding round led by A&G Energy Transition Tech Fund, Teknia, HCapital New Ideas II, and EBL

PRIVATEJun 27, 2024

Amount Raised

€14 Million

Round Type

Private Equity

ZurichManufacturingEnergyRenewable EnergyEnergy Storage

Investors

EblH Capital New Ideas IiTekniaA&G Energy Transition Tech Fund

Description

Libattion, a Swiss company offering stationary energy storage solutions from upcycled electric vehicle batteries, has secured €14 million in a private equity funding round. The funding will be used to further develop and market their innovative energy storage systems called 'e-Racks' and unique algorithms and power control systems.

Quick answer

Libattion raised €14 Million in a Private Equity round, dated June 27, 2024. Investors: Ebl, H Capital New Ideas Ii, Teknia and A&G Energy Transition Tech Fund. Libattion is based in Zurich, Zurich, Switzerland.

How much did Libattion raise?
Libattion raised €14 Million in a Private Equity round on June 27, 2024.
Who invested in Libattion?
Ebl, H Capital New Ideas Ii, Teknia and A&G Energy Transition Tech Fund are named as investors in this round.
What does Libattion do?
Libattion specializes in manufacturing more sustainable Energy Storage Systems, aiming to expedite the global transition to a greener future.
Where is Libattion based and how big is it?
Libattion is based in Zurich, Zurich, Switzerland.
Who are the decision-makers at Libattion?
Fundz holds 1 contact at Libattion. 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 Libattion that raised within 45 days of this round, from Fundz verified event records.

  • Wallbox raised $45M (Corporate Round) on July 31, 2024.
  • UNIGRID Battery raised $12M (Series A) on June 13, 2024.
  • Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
  • Advent Technologies Holdings raised $1M (Debt Financing) on August 5, 2024.
  • Hadron Energy raised $9.9M on July 29, 2024.
  • ecop raised $9.2M (Grant) on July 26, 2024.

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Company Information

Company

Libattion

Location

Zurich, Zurich, Switzerland

About

Libattion specializes in manufacturing more sustainable Energy Storage Systems, aiming to expedite the global transition to a greener future. Leveraging innovative battery testing technology and a commitment to the circular economy, Libattion delivers high-quality, cost-effective, and safer Upcycled Energy Storage Systems for various industries. Our objective is to optimize energy usage and enhance industry resilience by offering applications such as Ancillary Services, Peak-Shaving, PV self-consumption optimization, Backup Power, or combinations thereof. Our ultimate goal is to minimize the environmental footprint of batteries while providing intelligent solutions for storing energy.

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Related People

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Libattion 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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