Zurich's BTRY Raises €4.9 Million in Seed Round
Swiss battery start-up BTRY AG secured €4.9 million in an oversubscribed Seed funding round for its ultra-thin solid-state batteries. These batteries combine fast charging, high temperature stability, and enhanced safety in a notably slim design.
Investment and Support
The financing round was led by Redstone VC, with contributions from Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, and new investors Leopold König and Torge Thönnessen, founders of CustomCells. Existing investors HTGF (High-Tech Gründerfonds) and Zürcher Kantonalbank (ZKB) also renewed their backing.
“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 Industry
Recent reports from EU-Startups show increased battery-related investments across Europe:
- Estonia’s Jälle Technologies raised €2 million to enhance battery recycling and upcycling materials.
- Sweden’s DREV secured €2.8 million to expand contamination-control solutions for battery manufacturing.
- Germany’s Terra One obtained €150 million to grow grid-scale storage capabilities.
Summary
BTRY AG is positioning itself at the forefront of Switzerland's entry into the solid-state battery sector with significant funding and strong global investor backing.
Author's summary: BTRY AG's recent €4.9 million Seed round highlights growing international confidence in Swiss solid-state battery innovations challenging Asian market dominance.
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