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Country: France

Lithium battery systems designed for small and medium production runs, for earthmoving equipment, agricultural equipment, construction machinery, forklift trucks, etc

News

In Isère, France, Wattalps raises €11 million to boost production of batteries for industrial vehicles 28/08/2024

  • Founded in 2018, the start-up, based in Moirans (Isère), has just completed an 11 million euro financing round.
  • This round brings together its historic investors (EIT InnoEnergy, Eximium, the European Innovation Council's investment fund) and European venture capital firms (Supernova Invest, Move Energy, Ring Capital).
  • Objective: to accelerate the production and marketing of its immersion-cooled lithium-ion batteries, a technology developed since 2013 in the CEA-Liten laboratories.
  • Target: construction machinery (half the company's business), agriculture, mining, municipal vehicles, marine and river industries.
  • some twenty employees
  • Exports over 80% of its production to eight European countries.
  • Production of 2,000 batteries a year today, representing a cumulative output of 50 MWh,
  • Production is set to quadruple within 18 months.
  • Wattalps expects sales in excess of 100 million euros over the next five years, and expects this figure to triple by 2024
  • According to specialist consultancy Interact Analysis, nearly 6 million industrial vehicles are sold worldwide every year, with electric vehicles expected to account for 5% by 2030.
  • The main competitors in this technology are Taiwan's Xing Mobility, financed by Japanese agricultural machinery manufacturer Kubota, and Austria's Kreisel, acquired in 2022 by American behemoth John Deere.

Studies mentioning this company

The battery market - France

Other companies mentioned:

  • Tesla
  • CATL
  • LG Chem
  • Theion
  • Verkor
  • Viridian Lithium
  • Green Corp Konnection GCK
  • Vulcan Energy
  • Blue Solutions (Bolloré Groupe)
  • Alteo
  • Iten
  • Panasonic
  • Tiamat Energy
  • Eramet
  • Tyva Energie
  • Li-Cycle
  • Limatech
  • Inocel
  • Glencore
  • Neogy (Startec Energy Groupe)
  • GS Yuasa
  • BYD
  • Foresee Power
  • Batteries Prod
  • Vélo Batterie- Batteries Prod
  • Toyota
  • Stellantis (Groupe PSA et Fiat)
  • Volkswagen Group
  • Audi (Volkswagen Group)
  • Tata Group
  • Bolloré
  • Mecaware
  • Nawa Technologies
  • BMW
  • Samsung Group
  • SK Group Korea
  • Nissan
  • Arkema groupe
  • Mob-Energy
  • Batconnect
  • Hydrovolt
  • Wattalps
  • Vlad