Schlieren ZH – 8inks has raised 3 million euros in pre-seed financing. The start-up has developed its own technology for manufacturing the next generation of lithium-ion batteries.
The start-up 8inks, which specializes in innovative batteries, has successfully raised 3 million euros in pre-seed financing, according to a press release. The round was led by the Swiss fund Founderful, with Übermorgen Ventures, Angel Invest, another.vc, Venture Kick, the ETH Foundation and other investors. With this investment, 8inks is able to bring its innovative battery production process to the market, which could revolutionize the battery industry, according to a Venture Kick press release.
The spin-off from the Swiss Federal Institute of Technology in Zurich(ETH) has developed a new process for manufacturing batteries that is up to ten times faster and 30 percent cheaper than previous methods, according to the report. This breakthrough is based on a "multi-layer coating process", similar to the techniques used in the paper and photographic industries. This approach not only reduces costs, but also improves the energy density of the batteries.
The company has successfully completed laboratory and test plant trials and is now in the process of building pilot plants after receiving EUR 3 million in the pre-seed financing round. With this investment, 8inks is able to bring its innovative battery production process to the market, according to the Venture Kick press release. ce/gba