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Betteries Secures €2.1M Seed Funding To Upcycle Electric Vehicle (Ev) Batteries And To Avert Climate Change

Mar 29, 2021•over 4 years ago

Round Type

seed

Berlin

Description

The Berlin-based profit for impact startup betteries has successfully closed its €2.1m seed funding round led by impact funds Factor[e] Ventures and Beyond Black. Munich-based family office ISAR AG, an undisclosed French family office as well as existing shareholders have completed the round. Funding will allow betteries to refine its business model, serve more customers in developed economies and frontier markets, get its first two products - the betterPack and the betterGen - launched into the market in 2021 and kick-start the development of the betterStore.

Company Information

Company

Betteries

Location

Berlin, Maryland, United States

About

betteries upcycles 2nd life electric vehicle (EV) batteries to accelerate the transition to renewables and is well positioned to deliver scalable CO2 savings and protect scarce resources. The business model embraces circular economy principles by ensuring recycling at the end of the 2nd life and significantly lowers cost for customers through the battery-as-a-service offering.