Zurich's BTRY Raises €4.9 Million for Solid-State Battery Development
Swiss battery start-up BTRY AG has successfully secured €4.9 million in an oversubscribed Seed funding round. The company develops ultra-thin solid-state batteries designed to combine fast charging, exceptional temperature stability, and inherent safety within a very slim format.
Funding Details and Investors
The investment round was led by Redstone VC and included new participants such as 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) also 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 Landscape
- Estonia’s Jälle Technologies raised €2 million to support battery recycling and upcycling materials.
- Sweden’s DREV secured €2.8 million to grow contamination-control solutions for battery manufacturing.
- Germany’s Terra One obtained €150 million to increase grid-scale energy storage capacity.
Author's Summary
BTRY AG's substantial Seed round underscores Switzerland's entry into the competitive solid-state battery sector, aiming to rival Asian dominance through innovative, ultra-thin, and safe battery technology.