BTRY Secures €153K Investment to Revolutionize Battery Charging Technology
July 18, 2024, 3:50 pm
Location: Switzerland, Zurich, Dübendorf
Employees: 1-10
Founded date: 2023
Total raised: $1.2M
In a groundbreaking move, Swiss Batterytech startup BTRY has secured a significant investment of €153,000 from Venture Kick to propel its one-minute charging solid-state battery technology to new heights. Founded by the dynamic duo of CEO Dr. Moritz Futscher and CTO Dr. Abdessalem Aribia, along with the invaluable scientific expertise of Dr. Yaroslav Romanyuk as an advisor, BTRY emerged in 2023 as a spin-off of Empa and ETH Zurich, with a singular mission to redefine energy storage solutions.
The traditional lithium-ion batteries, while widely used, are plagued by limitations such as slow charging speeds and temperature sensitivity. BTRY's innovative approach involves utilizing thin-film cells stacked on top of each other with advanced semiconductor fabrication methods. This high-precision, solvent-free manufacturing technique not only enables the development of a one-minute charging battery but also ensures reliable operation even in the most extreme temperature conditions, thereby enhancing both commercial viability and environmental sustainability.
With a strategic focus on the burgeoning IoT market, where demand for batteries for remote sensors is rapidly escalating due to the proliferation of Industry 4.0 technologies, BTRY is well-positioned to capture a significant share of this market, which is projected to reach a value of USD 240 million by 2030. Additionally, the company has its sights set on entering the high-end medical and consumer electronics sectors, which collectively boast a market size expected to exceed USD 2 billion by 2030.
The infusion of €153,000 from Venture Kick will play a pivotal role in bolstering BTRY's readiness for a seed funding round slated for Q3 2025. The company plans to utilize this investment to showcase its scalability by demonstrating pilot production on dedicated lines, thereby proving its capability to manufacture batteries at a larger volume. This strategic move aims to de-risk the investment for potential backers and solidify BTRY's position as a frontrunner in the competitive battery industry.
CEO Dr. Moritz Futscher expressed gratitude for Venture Kick's unwavering support, emphasizing the instrumental role it has played in guiding BTRY's growth trajectory. The partnership between BTRY and Venture Kick has been instrumental in facilitating the transition from a research-based entity to a thriving venture, setting the stage for continued success and innovation in the realm of battery technology.
As BTRY gears up to redefine energy storage solutions and revolutionize the battery charging landscape, the future looks exceedingly bright for this visionary startup. With a relentless commitment to pushing the boundaries of technology and a steadfast dedication to environmental sustainability, BTRY is poised to make a lasting impact on the energy storage industry and beyond.
The traditional lithium-ion batteries, while widely used, are plagued by limitations such as slow charging speeds and temperature sensitivity. BTRY's innovative approach involves utilizing thin-film cells stacked on top of each other with advanced semiconductor fabrication methods. This high-precision, solvent-free manufacturing technique not only enables the development of a one-minute charging battery but also ensures reliable operation even in the most extreme temperature conditions, thereby enhancing both commercial viability and environmental sustainability.
With a strategic focus on the burgeoning IoT market, where demand for batteries for remote sensors is rapidly escalating due to the proliferation of Industry 4.0 technologies, BTRY is well-positioned to capture a significant share of this market, which is projected to reach a value of USD 240 million by 2030. Additionally, the company has its sights set on entering the high-end medical and consumer electronics sectors, which collectively boast a market size expected to exceed USD 2 billion by 2030.
The infusion of €153,000 from Venture Kick will play a pivotal role in bolstering BTRY's readiness for a seed funding round slated for Q3 2025. The company plans to utilize this investment to showcase its scalability by demonstrating pilot production on dedicated lines, thereby proving its capability to manufacture batteries at a larger volume. This strategic move aims to de-risk the investment for potential backers and solidify BTRY's position as a frontrunner in the competitive battery industry.
CEO Dr. Moritz Futscher expressed gratitude for Venture Kick's unwavering support, emphasizing the instrumental role it has played in guiding BTRY's growth trajectory. The partnership between BTRY and Venture Kick has been instrumental in facilitating the transition from a research-based entity to a thriving venture, setting the stage for continued success and innovation in the realm of battery technology.
As BTRY gears up to redefine energy storage solutions and revolutionize the battery charging landscape, the future looks exceedingly bright for this visionary startup. With a relentless commitment to pushing the boundaries of technology and a steadfast dedication to environmental sustainability, BTRY is poised to make a lasting impact on the energy storage industry and beyond.