Dutch Battery Startup Closes €4 Million Seed Round Led by Innovation Industries
Summary
The round was led by deep tech venture capital firm Innovation Industries and joined by Brabant-focused startup fund Brabantse Ontwikkelingsmaatschappij (Brabant Development Agency, BOM) and renowned investor Sake Bosch. LionVolt’s cutting edge design delivers higher energy density, faster charging, and a longer lifespan – leading to fewer batteries used (and disposed of) over time. LionVolt could be one of the next big OEM’s in the Brainport region.” Earlier this year LionVolt already raised a €1.25 million pre-seed round from TNO, deep tech venture capital firm Innovation Industries, impact fund Goeie Grutten, and Brabant-focused early stage investment Brabant Startup Fonds (BSF) and the Brabantse Ontwikkelingsmaatschappij (BOM). BOM shares knowledge, develops networks, and provides capital to innovative Brabant companies and sustainable energy projects. BOM works to further economic growth, increase employment opportunities, present solutions to social issues, and secure a leading role for Brabant on the world stage.