Australian Battery Tech Startup Voltavate has protected Aud 850,000 ($ 535,000) in an oversubs described pre-seed financing round led by the global investment company Artesian.
Voltavate has completed its first stock round with the Aud 850,000 to speed up the commercialization of the battery technologies of the Melbourne -based company. The solutions are designed to improve the battery life, improve safety and reduce the waste of production.
The company is building a battery innovation platform to tackle challenges in battery performance, production efficiency and sustainability in the value chain of the energy storage. The initial focus is all about battery separators – a component that influences the safety, operational efficiency and scalability of battery cells.
Voltavate said it has developed a separator with the help of advanced nanom materials that ensures a uniform distribution of ions over the battery, improving performance and doubling the battery life. It also said that the separator acts as a robust barrier, reducing the risk of short circuits and thermal runaway.
Voltavate CEO Amir Hooshang Taheri said that the infusion of capital will be used to validate its core product, expand the team and promote strategic partnerships while exploring opportunities in Southeast -Asia.
“We are incredibly grateful that we are supported by investors and opinion leaders who share our mission,” he said. “This support gives our momentum to scale up our work and to give a meaningful impact on how batteries are made and perform.”
Image: Voltavate
Taheri said that the overvalued pre-seed round was an important milestone for the company, “not only in terms of financing, but in confidence and Support we have received From the ecosystem … we have just started and are enthusiastic about the next phase. “
The financing round was led by Australia with the head office ArtesianWith contributions from Asia-Pacific-oriented risk capital company Investable and Climate Tech Angel Syndicate Electrifi Ventures, among other things.
Artesic partner Alexandra Clunies-Ross said that the nanomaterial innovation of Voltavate offers a rare combination of performance, safety, scalability and sustainability.
“Voltavate treats an essential part of the battery value chain with strong technical insight and clear implementation,” said Clunies-Ross. “We believe in the power of the team to transform how battery components are designed and produced.”
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
Popular content
