The Viennese storage manufacturer Salzstrom announces the conclusion of a seven-figure pre-seed financing round. The company is not disclosing the exact amount. According to Salzstrom, it has launched a CE-certified sodium-ion-based battery module on the European market and installed the first pilot systems, including a 32.4 kWh system in the Upper Palatinate (image) and a 3.6 kWh system in the greater Hanover area. The next step is to bundle research and development activities in a new company.
“We are convinced that the time is ripe for a safe, environmentally friendly and fair alternative to lithium-ion batteries,” says Stefan Nolte, CFO and co-founder of Salzstrom. “This financing is a very strong signal and an important milestone on our path. We would like to thank all the financing partners involved – especially Erste Bank – for their professional and committed support in this crucial phase of the company’s development.”
© PHOTON
