Battery tech startup Volt14 raises $1.87 million from Blume Ventures, others
Battery technology
developer
Volt14
said on Monday it has raised $1.87 million in a funding round led by
Blume Ventures
.
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The round also saw participation by Beyond Next Ventures, Spectrum Impact, Supermorpheus and existing investor Cocoon Capital. The company has raised $4.02 million so far.
Volt14 said it will utilise the funds to scale up anode manufacturing and strengthen its team.
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Founded in 2019 by Animesh Kumar Jha, Volt14 develops battery technologies with higher energy density and improvements in cost. The battery tech startup has developed an in-house cylindrical EV-format battery cell with energy density using
silicon anode
.
Silicon industry expert Puneet Gupta, who has over two decades of management experience, joined the company's board of directors in 2024.
EV battery industry
veteran Yifan Tang, who has been associated with
Tesla
, Lucid and Seres in the past, has also joined the company as an advisor.
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"Volt14's technology delivers a substantial boost to energy density, can leverage installed cell production capacity, and scales efficiently — positioning us strongly for the future," said Jha.
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The size of the global lithium-ion battery market is expected to surpass $300 billion by 2034 with a compound annual growth rate (CAGR) of more than 15%, says a report by industry research firm Global Markets Insights. According to the International Energy Agency, nearly one out of every five cars sold in 2023 was electric, and the global EV fleet is expected to grow 12-fold by 2035.
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