Volt­fang secures the par­tic­i­pa­tion of two busi­ness angels

Volt­fang has com­plet­ed the first part of its pre-seed round with a six-fig­ure invest­ment from 2 busi­ness angels. The com­pa­ny inte­grates used elec­tric car bat­ter­ies into stor­age sys­tems — entire­ly accord­ing to the 2nd-life prin­ci­ple. The Volt­fang home stor­age sys­tem is used to store the sur­plus solar ener­gy pro­duced dur­ing the day and to use it at night, for exam­ple for the tele­vi­sion or the wash­ing machine.

“The addi­tion of the first two busi­ness angels with years of expe­ri­ence in the start­up and high-tech indus­tries is instru­men­tal in help­ing us fur­ther devel­op our flex­i­ble home stor­age solu­tion. Until our seed round, we have held addi­tion­al shares to accom­mo­date busi­ness angels with par­tic­u­lar expe­ri­ence and net­work in the auto­mo­tive indus­try, bat­tery tech­nol­o­gy and ven­ture cap­i­tal. Dur­ing this peri­od, we will devel­op our sec­ond-life stor­age solu­tion to pro­duc­tion readi­ness, cer­ti­fy it and con­duct fur­ther pilot projects. The seed round will then be used to finance the start of small-scale pro­duc­tion. Togeth­er with our cus­tomers and part­ners, we want to con­tribute to avert­ing the cli­mate cri­sis by stor­ing renew­able ener­gy sus­tain­ably.” (Volt­fang found­ing team (L.t.R. Afshin Doost­dar, David Oud­sand­ji, Roman Alberti)