Zurich's BTRY Secures €4.9 Million for Solid-State Battery Development
Swiss startup BTRY AG has successfully raised €4.9 million in an oversubscribed Seed funding round to advance its ultra-thin solid-state batteries. These batteries reportedly combine fast charging, exceptional temperature stability, and inherent safety, all within a very slim design.
Investment and Support
The funding round was led by Redstone VC, with additional investments from Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, and founders of CustomCells, Leopold König and Torge Thönnessen. Existing investors, HTGF (High-Tech Gründerfonds) and Zürcher Kantonalbank (ZKB), also renewed their support.
“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.
Context in the European Battery Market
Recent activities across Europe’s battery industry highlight significant progress: Estonia’s Jälle Technologies raised €2 million for battery recycling and material upcycling; Sweden’s DREV secured €2.8 million to develop contamination-control solutions in battery manufacturing; and Germany’s Terra One obtained €150 million to enhance grid-scale energy storage capacity.
Summary
BTRY AG's successful funding round reflects growing investor confidence in innovative battery technologies, positioning Switzerland as a notable player in the global solid-state battery market.
Would you like the summary to be more technical or more general?