Pioneering lithium-ion battery expertise
This new funding intends to propel WATTALPS ahead because it continues to push the boundaries of lithium-ion battery expertise, notably with its patented immersion cooling system. This expertise gives a definite benefit by enhancing battery efficiency, longevity, and security. The corporate’s modular battery system, licensed to fulfill each IEC 62619 industrial requirements and ISO 26262 automotive security requirements, affords strong options for a spread of purposes, together with building gear, agriculture, mining, cargo dealing with, and even high-performance automobiles.
WATTALPS has been on the forefront of this cutting-edge expertise, with 11 years of R&D devoted to batteries using immersion cooling. The funding will allow a number of key initiatives:
- An eightfold enhance in manufacturing capability at its Moirans facility close to Grenoble, aiming to exceed €100 million in turnover inside 5 years.
- Value and productiveness enhancements for its present modular and high-performance lithium-ion batteries.
- Enlargement of its product vary to handle extra market wants.
- Extension of its business protection past Europe.
Matthieu Desbois-Renaudin, CEO and Co-founder mentioned: “This funding gives us with the monetary sources wanted to develop our enterprise and meet buyer demand. It permits us to remain on the forefront of battery expertise whereas increasing our manufacturing capabilities to maintain tempo with rising demand.”
Marine Glon, Funding Director at Supernova Make investments, expressed confidence in WATTALPS’ potential: “We’re delighted to spend money on WATTALPS, whose achievements align completely with our mission to help visionary entrepreneurs growing breakthrough improvements.”
Mirjam Terhorst, Companion at Transfer Vitality, added: “We’re enthusiastic about our funding in WATTALPS, given their unparalleled potential to decarbonize heavy-duty automobiles. We sit up for unlocking the market in Northern Europe with their progressive vitality options.”
Increasing market alternatives in electrification
WATTALPS makes a speciality of offering batteries for heavy-duty and demanding purposes, each on-road and off-highway. In response to market intelligence agency Work together Evaluation, the off-highway market noticed 5.8 million unit gross sales in 2023, with substantial development potential pushed by the wave of electrification. WATTALPS has already skilled important development, with its revenues multiplying fivefold in 2023 and tripling once more in 2024.
Matthieu Desbois-Renaudin emphasised the reliability of WATTALPS’ batteries: “Our prospects need batteries which might be protected and carry out persistently in all situations, together with probably the most difficult environments. Many started with different batteries however reached their limits earlier than switching to WATTALPS. Now, they need extra of our high-quality batteries, which embody our dedication to customer support and innovation.”
The electrification of industrial quality gear is a key driver of WATTALPS’ development. The corporate’s batteries play a essential function in lowering carbon emissions. In response to WATTALPS, every battery module can forestall 1.27 tons of CO2 equal (tCO2eq) when used to affect industrial gear, doubtlessly stopping over 290,000 tons of CO2eq by 2028—the equal of taking 180,000 automobiles off the highway yearly. Moreover, WATTALPS affords the choice to repurpose its batteries for much less demanding purposes on the finish of their first life, additional enhancing their environmental advantages.
