Flow-nano Secures €1 Million Funding for Breakthrough in Battery Technology
Deal News | Dec 16, 2024 | CDP Venture Capital
Flow-nano, an innovative startup specializing in high-performance nanomaterial-based electrodes for stationary batteries, successfully raised €1 million in a funding round fully subscribed by Tech4Planet, a part of CDP Venture Capital focused on supporting sustainable startups. Founded in June 2023, Flow-nano is developing cutting-edge electrodes for flow batteries, offering a promising technology for renewable energy storage. Despite flow batteries' advantages in scalability and lifespan, their high costs have hindered widespread use. Tech4Planet’s investment will aid Flow-nano in scaling its laboratory technology to a pre-industrial level, validating cost reductions associated with enhanced electrode performance. This investment underscores the significance of advancing energy storage solutions in the global shift toward renewable energy, aligning with messages from key figures, Claudia Pingue of CDP Venture Capital and Flow-nano leaders Laura Giorgia Rizzi and Fabio Di Fonzo. Their statements highlight the strategic importance of transforming advanced research into market-ready technologies through industrialization.
Sectors
- Renewable Energy
- Nanotechnology
- Venture Capital
Geography
- Italy – The funding and development activities are predominantly taking place in Italy, with entities such as CDP Venture Capital, Flow-nano, and the Italian Institute of Technology mentioned.
Industry
- Renewable Energy – The article focuses on energy storage solutions, particularly for renewable sources, which is a critical aspect of the renewable energy industry.
- Nanotechnology – Flow-nano's technology involves the use of nanomaterials for advanced electrode design, representing a significant application of nanotechnology.
- Venture Capital – CDP Venture Capital and its initiative Tech4Planet are pivotal in providing funding, which is a core activity within the venture capital industry.
Financials
- €1 million – The amount raised by Flow-nano in a funding round fully subscribed by Tech4Planet.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Flow-nano | Target Company | Company | A startup developing nanomaterial-based electrodes for advanced flow battery solutions. Founded in June 2023. |
| CDP Venture Capital | Funding Company | Company | A venture capital firm providing financial support through its initiative Tech4Planet for sustainable technology startups. |
| Tech4Planet | Funding Platform | Company | An initiative under CDP Venture Capital focusing on promoting market access for startups in sustainable technology fields. |
| Claudia Pingue | Senior Partner and Technology Transfer Lead | Person | Responsible for the technology transfer fund at CDP Venture Capital, facilitating investments like that into Flow-nano. |
| Laura Giorgia Rizzi | Founder and CEO | Person | Key figure in Flow-nano's leadership, driving the strategic vision of the company. |
| Fabio Di Fonzo | Founder and CTO | Person | Responsible for Flow-nano's technological development and innovation. |