French Battery Reconditioning Startup Charges Ahead With €4M Funding Boost

Sustainable energy storage solutions provider VoltR recently announced a €4 million seed funding round to finance its growing battery reconditioning operations. Based in Pays de la Loire, France, VoltR specializes in refurbishing worn lithium-ion batteries and rebuilding them into high-performance energy packs.

Founded in 2022, VoltR was started by Alban Régnier, François Mallet, Maxime Bleskine, and Thibaud Maufront to address the lack of large-scale battery recycling infrastructure in Europe. The company uses advanced testing and modeling to evaluate retired battery cells for reuse potential. Cells that pass muster are then rebuilt into new modular battery systems offering equal performance to virgin units.

VoltR’s process aims to reduce electronic waste while lessening demand for raw material extraction. It also helps lower battery costs by resurrecting components that would otherwise be discarded. The latest round of funding will enable VoltR to build its first major reconditioning plant, a 5,000 square meter automated facility projected to refurbish 2 million cells annually. Scheduled to open within two years, the plant is estimated to create over 100 local jobs.

Investors in the seed round include C4 Ventures, Exergon, Pays de la Loire Participations, and Anjou Amorçage. VoltR plans to launch a Series A round by year’s end to further support expansion of its closed-loop battery recycling operations. The money will also fund continued R&D into efficient remanufacturing techniques. With this injection of capital, VoltR is well positioned to scale its technology and play a key role in developing Europe’s circular battery economy.