Voltfang Receives €5 Million Investment

Voltfang, a Germany-based startup, has received an investment of 5 million euros. Voltfang offers energy storage solutions from second-hand electric vehicle batteries. A startup founded in 2021 as a spin-off of RWTH Aachen University recently secured 5 million euros in funding. This investment was led by PT1 - PropTech1 Ventures with backing from investors including Helen Ventures, Aurum Impact, Eviny and AENU.

Also See: Wingcopter Receives €40 Million Investment

Energy Storage Systems

The energy transition is advancing rapidly, and it is changing the way we heat our homes, charge our appliances and transport ourselves. Technologies such as renewable energy sources, electric vehicles, energy storage and utilization are driving transformative change in the energy sector.

This change constantly requires new innovations to increase speed and efficiency. For example, technological advances such as more efficient solar panels, longer-lasting and cheaper batteries, smarter and more effective energy management systems, and more efficient electric motors could revolutionize the energy sector.