Zurich's BTRY Raises €4.9 Million to Advance Solid-State Battery Technology
Swiss battery start-up BTRY AG has secured €4.9 million in an oversubscribed Seed funding round for its ultra-thin solid-state batteries. These batteries promise a combination of fast charging, exceptional temperature stability, and built-in safety, all within a remarkably slim design.
Investment and Support
The funding round was led by Redstone VC and included new investors such as Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, and the 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 Sector Developments
Recent activities in the European battery sector include:
- Estonia’s Jälle Technologies raising €2 million to develop battery recycling and upcycling materials
- Sweden’s DREV securing €2.8 million to expand contamination-control solutions for battery manufacturing
- Germany’s Terra One obtaining €150 million to enhance grid-scale energy storage capacity
These developments highlight Europe's growing investment in various stages of the battery value chain to strengthen competitiveness against Asian markets.