Quantum Partners exclusively advised VoltStorage GmbH and its shareholders in the financing process
financed
Achim Lederle has worked as an investor, supervisory board member and consultant for national and international companies for over 20 years. He has focused on the retail, internet, software and electronics sectors and has supported companies from their foundation and growth to their sale or IPO. </p>
<p>As a partner at 3i, the largest European venture capital firm, Mr. Lederle has managed transactions ranging from EUR 0.5 to 270 million. He played a leading role in the strategic sale of 3i's global venture portfolio and subsequently continued to manage and successfully sell these companies as a venture partner at Cipio Partners. He began his career in venture capital as an investment manager at the technology holding company VC. </p>
<p>As a business angel, Achim Lederle is regularly involved in entrepreneurial activities with capital and know-how.</p>
<p>After studying business administration at the University of Augsburg, he joined the management consultancy Deloitte Consulting.
<p>As a partner at 3i, the largest European venture capital firm, Mr. Lederle has managed transactions ranging from EUR 0.5 to 270 million. He played a leading role in the strategic sale of 3i's global venture portfolio and subsequently continued to manage and successfully sell these companies as a venture partner at Cipio Partners. He began his career in venture capital as an investment manager at the technology holding company VC. </p>
<p>As a business angel, Achim Lederle is regularly involved in entrepreneurial activities with capital and know-how.</p>
<p>After studying business administration at the University of Augsburg, he joined the management consultancy Deloitte Consulting.
Achim Lederle
Deal Partner
lederle@quantum-partners.de
+49 89 414 144 352
Quantum Partners advised VoltStorage GmbH on the EUR 24 million financing round by Cummins Inc.
Making renewables available 24/7 – is the mission of VoltStorage GmbH and at the same time probably the greatest challenge in the energy sector on the way to CO2 neutrality. Fossil power plants still must compensate for the volatility of renewable energy sources. However, to create a real alternative to conventional power generation, electricity storage solutions are needed that make renewable energy reliably available when it is needed. In the course of global decarbonization, the demand for corresponding large-scale long-duration energy storage has increased enormously in recent years. By 2030, the market size is forecast to exceed EUR 100 billion.
While lithium-ion batteries currently still dominate the offering, the Munich-based start-up VoltStorage has developed an iron-based battery system with redox flow technology that is superior to previous solutions in terms of cost – and at the same time relies on safe, environmentally friendly and sustainable raw materials.
Founded in 2016, the company has already been able to successfully position its storage technology on the market as home storage for private households. However, additional growth capital was needed for the logical step to enter the market of long-duration energy storage for commercial and industrial customers. Together with the management, Quantum Partners started a broad-based, international financing round and was able to bring with Cummins the ideal investor on board. While Cummins, one of the world’s leading manufacturers of diesel gensets, is looking to reduce its dependence on the combustion engine in the future, VoltStorage benefits not only from the strengthened equity financing but also from a powerful, long-term thinking partner with a high level of industry expertise and an international sales network.
Official press release: https://www.handelsblatt.com/unternehmen/volt-storage-90-prozent-billiger-start-up-will-mit-eisen-salz-batterien-das-problem-der-erneuerbaren-energien-loesen/28519886.html
About VoltStorage GmbH
VoltStorage is a Munich-based battery technology start-up founded in 2016 with over 50 employees. Based on redox flow technology, the company initially developed and successfully marketed sustainable home storage for private households. Since 2021, VoltStorage has now focused on long-term storage for commercial customers and the energy sector.
About Cummins Inc.
Cummins Inc. is among the leading global manufacturers of diesel engines, primarily for use in commercial vehicles and power generators. Founded in 1919, the US company generated sales of EUR 20.3 billion in 2021 and is listed on the NYSE. In addition to traditional combustion engines, the Group is focusing intensively on CleanTech solutions with its “New Power” division, which is expected to account for 30% of total sales by 2030.
About Quantum Partners
Quantum Partners GmbH, headquartered in Munich, is a specialized corporate finance advisor that supports clients in company transactions as well as in finding financing.
