French lithium-ion battery startup, WATTALPS, has accomplished a milestone in its mission to create a sustainable and citizen-centric industry. The company recently announced that it has secured an impressive €11 million in Series A funding. This significant investment showcases the confidence of both new and existing investors in WATTALPS’ vision for a cleaner and more efficient energy sector.
The funding round saw participation from a diverse range of investors, including Supernova Invest, Move Energy, and Ring Capital. These new investors, along with historical backers like EIT InnoEnergy, Eximium, and the EIC Fund, have demonstrated their belief in WATTALPS’ unique approach to energy storage.
WATTALPS aims to revolutionize the lithium-ion battery market by incorporating innovative technologies that address the pressing issues of sustainability and environmental impact. The company’s commitment to taking citizens’ needs into account distinguishes it from other players in the industry. By prioritizing the development of energy storage solutions that are both efficient and eco-friendly, WATTALPS seeks to reshape the way we consume and generate power.
This substantial funding injection will enable WATTALPS to further advance its research and development efforts, enhance its manufacturing capabilities, and accelerate the commercialization of its groundbreaking battery technologies. With the support of its investors, WATTALPS is poised to make a significant impact in the global energy sector, offering a greener and more sustainable future for all.