Alteva Secures €1.7 Million in Pre-Seed Financing
Deal News | Jan 20, 2025 | High-Tech Gruenderfonds Manage
Cologne-based start-up Alteva Technologies GmbH has successfully raised €1.7 million in a pre-seed funding round led by High-Tech Gruenderfonds (HTGF) with participation from UnternehmerTUM Funding for Innovators, NRW.BANK and other prominent angel investors. Alteva is developing ultra-lightweight batteries that offer superior performance compared to existing technologies. The start-up's innovations are aimed at facilitating the electrification of various transport modes, including aircraft, trucks, buses, and heavy-duty applications. The new funding will accelerate product development and market entry.
Sectors
- Energy Storage
- Transportation
Geography
- Germany – Alteva Technologies GmbH is based in Cologne, making Germany the primary location for its operations and funding activities.
Industry
- Energy Storage – Alteva specializes in the development of ultra-lightweight batteries, a key segment within the energy storage industry.
- Transportation – The start-up's technologies are aimed at electrifying transportation modes such as aircraft, trucks, buses, and heavy-duty vehicles.
Financials
- €1.7 million – The total amount raised by Alteva in the pre-seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alteva Technologies GmbH | Target company | Company | A Cologne-based start-up developing ultra-lightweight batteries for various transport applications. |
| High-Tech Gruenderfonds (HTGF) | Lead investor | PE Firm | A German venture capital firm that led the €1.7 million pre-seed funding round for Alteva. |
| UnternehmerTUM Funding for Innovators | Investor | Institution | An investment arm focused on fostering innovative start-ups, participated in Alteva's pre-seed round. |
| NRW.BANK | Investor | Bank | A bank supporting development and innovation in North Rhine-Westphalia, participated in this funding round. |