Customcells Raises €60M in Series A Funding

Customcells , an Itzehoe and and Tübingen, Germany-based battery cell producer, raised €60M in Collection A funding.

The spherical was led by World Fund?and Abacon Capital with participation from present investor?Vsquared Ventures and?Porsche.

will stay the corporate’s largest shareholders after the funding.

The corporate plans to make use of the funds to develop its actions within the electrification of air site visitors, intensify its analysis and growth work and drive ahead its internationalization.

A spin-off of the Fraunhofer-Gesellschaft based by Leopold K?nig and Torge Th?nnessen, and now led by Dirk Abendroth, CEO, Customcells has been energetic within the growth and sequence manufacturing of lithium-ion battery cells, from prototypes to small and medium sequence, for greater than ten years. The corporate works alongside the whole worth chain, from growth to certification and sequence manufacturing to recycling.

Thus far, the corporate has accomplished properly over 1,000 development-intensive initiatives.

Shishir Gupta, The Founder & CEO of StartupLanes said,

Customcells Raises €60M in Series A Funding. May this new business bring you huge success and fulfillment.

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