Zurich's BTRY Raises €4.9 Million to Develop Ultra-Thin Solid-State Batteries
Swiss battery start-up BTRY AG secured €4.9 million in an oversubscribed Seed funding round to advance its ultra-thin solid-state batteries. These batteries are designed to offer fast charging, exceptional temperature stability, and intrinsic safety all within a slim format.
Investment Round Details
- The round was led by Redstone VC.
- New investors included Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, and CustomCells founders Leopold König and Torge Thönnessen.
- Existing backers HTGF (High-Tech Gründerfonds) and Zürcher Kantonalbank (ZKB) 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.
European Battery Innovation
Other European battery ventures are also making strides:
- Estonia's Jälle Technologies raised €2 million to further battery recycling and materials up-cycling.
- Sweden's DREV secured €2.8 million to enhance contamination control in battery manufacturing.
- Germany's Terra One obtained €150 million to increase grid-scale energy storage capacity.
BTRY’s successful funding round marks an important step for Switzerland as it joins the global race to develop advanced solid-state battery technologies, aiming to challenge Asia’s dominant position.