EUR 7,6mln for The Batteries to Produce Safe Superbatteries

The Batteries, a company supported by EIT InnoEnergy, will mass-produce cheap batteries that will charge a smartphone in less than 15 minutes and last twice as long. Funds from investors will support the commercialisation of the solution. Breakthrough technology for low-cost production of thin-film batteries with a solid electrolyte has convinced leading investors. The Batteries announces the closing of a Series A with €7,6 million. The funding comes from the existing investor – Aper Ventures fund, January Ciszewski and JR Holding, UAB Electronics System as well as EIT InnoEnergy. The funds will be used to build a production line in the Rzeszów factory in Poland, enabling the sale of safe and ecological batteries on a global scale. The company also wants to increase the team of engineers responsible for developing the breakthrough solid-state technology further. The total…

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