fbpx

EV Engineering News

Customcells raises 60 million euros for development of electric aviation

German battery maker Customcells has closed a Series A financing round for 60 million euros with investors that include VC World Fund, Abacon Capital, Vsquared Ventures and Porsche. The company plans to use the funds to expand activities in the electrification of air traffic, intensify R&D and further internationalize operations.

Customcells, a spin-off of research organization Fraunhofer, has been active for more than a decade in the development and production of lithium-ion battery cells. Plans call for more powerful battery cells for aviation use, leading to certifications by the European Aviation Safety Agency (EASA) and the US Federal Aviation Administration (FAA).

“Customcells has the opportunity to enable the disruption of aviation and thus rapidly decarbonize the entire industry,” said Daria Saharova, World Fund cofounder.

Source: CustomCells

Comment
Comments
Create Account. Already Registered? Log In

Virtual Conference on EV Engineering: Free to Attend

The sessions from our Fall 2022 Virtual Conference are now available to view on-demand. Register for a session below to watch the recording and download the presentation.

LOAD MORE SESSIONS

EV Engineering Webinars & Whitepapers

EV Tech Explained