Headline

Lionvolt bags €4M for foil battery development

Paul van Gerven
Leestijd: 1 minuut

Dutch battery startup Lionvolt has raised 4 million euros in seed capital to develop a 3D solid-state thin-film lithium-ion battery. The round was led by deep-tech venture capital firm Innovation Industries and joined by Brabant Development Agency (BOM) and investor Sake Bosch. Three months ago, the company already collected over 1 million euro in pre-seed capital.

Lionvolt was spun off from Holst Centre last year. Its focus is a revolutionary battery design, which consists of a foil covered with billions of micropillars, each coated with thin layers of battery materials: lithium-storing electrodes sandwiching an electrolyte. Advantages of this design include higher energy density, faster (de)charging, longer lifespan and an increased safety profile compared to traditional lithium-ion batteries.

“The battery industry requires a bold new approach to meet evolving needs in terms of cost, performance, safety and sustainability. We’re pioneering that solution while building a strong ecosystem to support this innovation,” comments Lionvolt CEO Karl McGoldrick. Lionvolt says that it can source almost 80 percent of the supply chain locally, in the Brainport region.

This article is exclusively available to premium members of Bits&Chips. Already a premium member? Please log in. Not yet a premium member? Become one and enjoy all the benefits.

Login

Related content