Zurich's BTRY Raises €4.9 Million for Ultra-Thin Solid-State Batteries
Swiss battery start-up BTRY AG has secured €4.9 million in an oversubscribed Seed funding round to develop its ultra-thin solid-state batteries. These batteries promise fast charging, high temperature stability, and intrinsic safety, all within an extremely thin design.
Investment Details
- The round was led by Redstone VC.
- New investors included Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation.
- CustomCells founders Leopold König and Torge Thönnessen also participated as new investors.
- 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 Industry Context
Recent EU-Startups reports reveal growing activity across Europe's battery value chain:
- Estonia’s Jälle Technologies raised €2 million to enhance battery recycling and material upcycling.
- Sweden’s DREV secured €2.8 million to scale contamination-control solutions for battery manufacturing plants.
- Germany’s Terra One obtained €150 million to increase grid-scale energy storage capacity.
Author’s Summary
BTRY's new funding highlights Switzerland's entry into the solid-state battery race, aiming to rival Asian dominance with advanced technology and strong European industrial partnerships.