Swiss Battery Start-up BTRY AG Raises €4.9 Million
BTRY AG, a Swiss battery start-up, successfully raised €4.9 million in an oversubscribed Seed round to develop ultra-thin solid-state batteries. These batteries combine fast charging, high temperature stability, and inherent safety within a very slim design.
Investment and Participation
The funding round was led by Redstone VC and included new investors such as Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, and CustomCells founders Leopold König and Torge Thönnessen. Existing investors High-Tech Gründerfonds (HTGF) 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 Industry Developments
Recent reports show significant activity in the European battery sector:
- Estonia’s Jälle Technologies raised €2 million to enhance battery recycling and upcycling materials.
- Sweden’s DREV secured €2.8 million to expand contamination-control solutions for battery manufacturing sites.
- Germany’s Terra One acquired €150 million to grow grid-scale energy storage capacity.
BTRY AG’s funding reflects Switzerland’s growing ambition to compete in the global solid-state battery market alongside Asian leaders.