Volt14, a Battery tech startup has raised $1.87 million in a pre-Series A funding round led by Blume Ventures. The round also saw participation from Beyond Next Ventures, Spectrum Impact, Supermorpheus and existing investor Cocoon Capital.
This brings the total funding raised by the company so far to $4.02 million, inclusive of this investment.
The fresh funds raised will be used to scale up the manufacturing of its anodes and to strengthen the team.
Founded in 2019 by Animesh Kumar Jha, Volt14 leverages its proprietary technology that allows it to boost silicon content in anodes while maintaining performance stability. Silicon is an anode material being adopted by the lithium-ion battery industry to improve battery energy density which results in longer battery life for consumer electronics and a range of electric vehicles.
The company has been engaging with multiple battery cell companies for the adoption of its silicon-rich anode products for their next-generation battery cell products. Volt14 has developed an in-house cylindrical EV-format battery cell that demonstrates state-of-the-art energy density using its silicon anode product.
Since its last fundraise, Volt14 has made substantial progress from the development of its core material technology to now offering its anode products, ready for adoption and manufacturing, to cell producers.
Animesh Jha, Founder, Volt14, said, “We are delighted to have the backing and vote of confidence from such high-quality investors — Blume Ventures, Beyond Next Ventures, and Spectrum Impact. Over the past five years, our focused and resilient team has made outstanding progress in commercializing our high-performance silicon anode platform. Electrification is an irreversible trend, and in this paradigm we are excited to help our partners unlock tangible product advantages through superior battery performance. Volt14’s technology delivers a substantial boost to energy density, can leverage installed cell production capacity, and scales efficiently — positioning us strongly for the future.”
Arpit Agarwal, Partner, Blume Ventures, said, “We are excited to lead this investment round in Volt14, a company that is fundamentally reimagining the future of battery technology. Their breakthrough silicon anode innovation represents a step-change in energy storage capabilities that could push the boundaries of what’s possible with Lithium-ion batteries. Under the very capable leadership of Animesh and Puneet, whose technical expertise and vision are world-class, we have full confidence in Volt14’s ability to scale this company globally. We look forward to supporting their journey as they revolutionize energy storage solutions for a more sustainable future.”
“As Japan’s top deep tech fund, we invest early in startups that align with our fund thesis of Healthy Planet, Happy People. Our investment in Volt14 is a step in that direction. Volt14 and the founders’ disruptive vision for a sustainable world by innovating in the battery chemistry space perfectly resonates with our mission to back the pioneers building a happy planet,” said Jay Krishnan, Partner, Beyond Next Ventures.
