Zurich's BTRY Raises €4.9 Million for Ultra-Thin Solid-State Batteries
Swiss battery start-up BTRY AG secured €4.9 million in an oversubscribed Seed funding round to develop ultra-thin solid-state batteries. These batteries promise fast charging, outstanding temperature stability, and intrinsic safety within a very slim design.
Investment and Support
The funding round was led by Redstone VC and featured new investors including Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, and CustomCells founders Leopold König and Torge Thönnessen. Existing backers High-Tech Gründerfonds (HTGF) and Zürcher Kantonalbank (ZKB) also renewed their stakes.
"The oversubscribed round confirms strong investor confidence from experienced DeepTech and industrial backers. Working closely with this international consortium will enable us to transform world-class research into a scalable product," said Dr. Moritz Futscher, CEO and co-founder of BTRY AG.
Recent Developments in European Battery Innovation
- Estonia’s Jälle Technologies raised €2 million to improve battery recycling and materials upcycling.
- Sweden’s DREV obtained €2.8 million to advance contamination-control systems in battery manufacturing plants.
- Germany’s Terra One secured €150 million to boost grid-scale energy storage capacity.
These developments highlight growing momentum across Europe to innovate and compete in the battery technology sector, challenging the current dominance of Asian manufacturers.
Author's summary: BTRY AG’s successful fundraising underscores Europe's push in cutting-edge battery tech, aiming to rival Asia by advancing ultra-thin, fast-charging solid-state batteries with strong investor backing.