Details

Last Funding Type

Funding Round

Last Funding Money Raised

€40M

Industries

Battery

Founded date

Jan 1, 2014

Number Of Employee

11 - 50

Operating Status

Active

TESVOLT, named after inventors Nikola Tesla and Alessandro Volta (inventor of the battery), develops and produces flexible battery storage systems with high capacities. TESVOLT has advanced existing technologies with its strategic partners, for example SMA SOLAR Technology AG, and focuses primarily on quality “Made in Germany”. The energy storage systems are produced in Germany, and the battery systems are also assembled in Germany.

The company was founded with the ambition to continue to drive the renewable energy sector forward. The company’s co-founders, Daniel Hannemann and Simon Schandert, have been working in the photovoltaic sector for many years, so they have excellent knowledge of the market and innovations in the renewables industry. Their main goal was to develop and sell economical commercial and industrial storage solutions.