Battery Tech Startup Volt14 Raises $1.87 Million in Pre-Series A Funding
Battery technology startup Volt14 has secured USD 1.87 million in a Pre-Series A funding round led by Blume Ventures. The investment, which brings the total funding raised by the company to US $4.02 million, also saw participation from Beyond Next Ventures, Spectrum Impact, Supermorpheus, and previous investor Cocoon Capital.
Volt14 has made significant progress since its last funding round, developing its core material technology and producing anode products ready for adoption and manufacturing by cell producers. The funds raised will be used to scale up anode manufacturing and strengthen the team.
The company is leveraging its proprietary technology to boost silicon content in anodes while maintaining performance stability. Silicon is considered a next-generation anode material that can improve battery energy density, resulting in longer battery life for consumer electronics and electric vehicles. Volt14 has been engaging with multiple battery cell companies to adopt its silicon-rich anode products for their next-generation battery cell products.
Volt14 has successfully developed an in-house cylindrical EV-format battery cell demonstrating state-of-the-art energy density using its silicon anode product. Founded in 2019 by materials science expert Animesh Kumar Jha, a Forbes 30 Under 30 alumni, Volt14 has recently been joined by industry veterans. Dr. Puneet Gupta, a silicon industry veteran with over two decades of management experience, is now on the company’s Board of Directors. Yifan Tang, formerly of Tesla and Lucid, and ex-CTO of SERES, has joined as an advisor.
“We’re delighted to have the backing of high-quality investors like Blume Ventures, Beyond Next Ventures, and Spectrum Impact,” said Animesh Jha, Founder of Volt14. “Our team has made outstanding progress in commercializing our high-performance silicon anode platform. Electrification is an irreversible trend, and we’re excited to help our partners unlock tangible product advantages through superior battery performance.”
Arpit Agarwal, Partner at Blume Ventures, commented, “We’re excited to lead this investment round in Volt14, a company reimagining the future of battery technology. Their silicon anode innovation represents a step-change in energy storage capabilities that could push the boundaries of what’s possible with Lithium-ion batteries.”
The global lithium-ion battery market is experiencing rapid growth driven by the accelerating adoption of electric vehicles and renewable energy storage solutions. It’s expected to surpass US$300 billion by 2034 with a compound annual growth rate (CAGR) of more than 15%. According to the International Energy Agency, nearly one out of every five cars sold in 2023 was electric, with the global electric vehicle fleet expected to grow twelvefold by 2035.
Lithium-ion battery cell manufacturing has become a strategic national priority in key economies, including India and the United States, with multiple incentive schemes and subsidies to boost domestic production. Volt14’s innovative technology positions the company strongly in this rapidly evolving market.
