Tesvolt AG Asset Profile

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Year established

2014

Location

Germany

Primary Industry

Energy Storage & Batteries

About

Founded in 2014 and based in Germany, Tesvolt AG operates as a manufacturer of flexible battery storage systems with high capacities. Daniel Hannemann and Simon Schandert are the co-founders of the company. In November 2021, Tesvolt AG raised EUR 40 million in venture funding from Liechtenstein Group, E.R. Capital Holding, UBS, Berenberg, and IBG Venture Capital. The company provides products including E-Series cabinet systems including TS HV 70 E, TS-I HV 80 E, TS-I HV 100 E, and TPS-E; A-Series cabinet systems including TS 48 V, TS HV 70, TS-I HV 80, and TPS FLEX; and energy management systems. The firm offers applications including self-consumption optimisation, peak shaving, charging station control, backup power, PV-diesel-hybrid-optimization, off-grid, ancillary services, micro-grid, zero feed-in, direct marketer interface, and more. The organization plans to use the November 2021 funding to expand its growth and expand its internationalization efforts.

Current Investors

UBS, BMP, Berenberg

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Primary Industry

Energy Storage & Batteries

Sub Industries

Energy Storage & Batteries

Website

www.tesvolt.com

Verticals

Manufacturing

Company Stage

Early Stage

Total Amount Raised

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