Voltfang, an energy storage solutions provider, raised €15 million (~$17 million) in a Series B funding round led by Dutch investor FORWARD.One.
Additional investors include existing investors such as Interzero, PT1, Helen Ventures, Daphni, and Aurum Impact (the Goldbeck family office), as well as new partners like Fiege Ventures and Newberry Investments, who participated in this round.
The company uses both high-performance new batteries and reconditioned batteries sourced from the European automotive industry to develop its battery energy storage systems.
With this new funding, Voltfang aims to scale its production capacities and deliver an additional 250 MWh of sustainable battery storage across Europe by the end of 2026. The company will also continue developing its AI-integrated energy management system, Venma.
“Voltfang perfectly embodies our investment strategy: strong hardware paired with intelligent software. With their powerful and truly European storage technology, the team is tackling one of the most pressing challenges of our time—enabling the energy transition. We firmly believe that local energy infrastructure will be a key pillar of Europe’s future economic growth,” said Paul Pruijmboom, Partner at FORWARD.One.
Last year, the company secured more than $8.7 million in an oversubscribed Series A financing round to help deliver its mission of providing sustainable and scalable battery storage solutions for Europe’s energy transition.
According to Mercom’s recently released Q1 2025 Funding and M&A Report for Energy Storage, VC funding in the sector fell 8% year over year, with $1.1 billion raised in 18 deals, down from $1.2 billion raised in 23 deals during the same quarter last year.
In November, Ampd Energy, a provider of battery energy storage solutions for heavy industries, raised $27.3 million in an oversubscribed Series B funding round. Kibo Invest and Openspace co-led the funding round, with participation from existing investors MTR Lab, Taronga Ventures, and 2150.
