Geyser Batteries Oy

Geyser Batteries Oy is focused on delivering sustainable high-power energy storage solutions, utilizing innovative water-based electrolyte technology to provide safe and durable battery systems for various industrial applications. Geyser Batteries Oy, founded in 2018, is based in Vaasa, Finland. The company specializes in high-performance energy storage solutions and has executed a total of 1 deal, with its most recent funding round occurring on December 9, 2019. This Seed round raised EUR 1 million and was led by Voima Ventures.

The founder, Andrey Shigaev, has a background in energy solutions, specifically in developing battery technologies, and Geyser Batteries is positioned to expand its operations internationally. Geyser Batteries specializes in sustainable high-power heavy-duty energy storage solutions, leveraging proprietary water-based electrolyte technology that ensures safety and durability. Their core products include high-performance power batteries tailored to meet energy demands in sectors such as power grid management, heavy machinery, and transportation. These batteries are designed for high efficiency and environmental sustainability, addressing the growing need for reliable energy storage in renewable energy applications and heavy-duty operations across Europe, North America, and Australia.

For the year 2023, Geyser Batteries reported revenue of EUR 0, with an EBITDA of EUR -919,457. 5. The company operates on a business-to-business model, engaging primarily with industrial clients who utilize their energy storage solutions for heavy machinery and power grid applications. Revenue is generated through direct sales and long-term contracts, with pricing structured around volume commitments or subscription models that provide access to technology upgrades and support services.

Geyser Batteries plans to leverage the EUR 1 million raised in its Seed funding round to enhance product development and market expansion. The company is focused on launching new battery solutions designed to improve energy efficiency in heavy-duty applications. Additionally, Geyser Batteries intends to enter new geographic markets, including regions in Asia and South America, by 2024, capitalizing on increased global demand for sustainable energy solutions. This strategic approach aims to bolster partnerships with industrial clients and expand the company’s footprint in the energy storage sector.