ENERGY STORAGE

Libattion raises €14m in funding round led by A&G Energy Transition Tech Fund

July 8, 2024

Zurich-based energy storage system company Libattion has raised €14 million with A&G Energy Transition Tech Fund acting as lead investor.

Other investors included Spanish automotive supplier Teknia, Portuguese fund HCapital New Ideas II from HCapital Partners and Swiss utility EBL (Genossenschaft Elektra Baselland).

Libattion’s battery storage technologies use recycled EV batteries from the European automotive sector.

The company specialises in the production of energy storage systems known as ‘e-Racks’, which offer a wide range of capacities from 97 kWh to 60 MWh.