TESVOLT
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | - | 15.2m | 20.0m | 20.0m | 27.1m | - | 82.9m |
% growth | - | - | 32 % | - | 35 % | - | - |
EBITDA | - | - | - | - | (2.5m) | - | - |
% EBITDA margin | - | - | - | - | (9 %) | - | - |
Profit | <1m | (2.1m) | (<1m) | <1m | (4.1m) | 2.8m | - |
% profit margin | - | (14 %) | (1 %) | 1 % | (15 %) | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Series A | ||
€2.2m | Grant | ||
N/A | €3.1m | Grant | |
€40.0m | Late VC | ||
Total Funding | AUD76.9m |
Related Content
Recent News about TESVOLT
EditTesvolt is a German-based startup that specializes in the production of lithium battery storage systems. These systems are designed for industrial, commercial, and agricultural use, providing reliable and efficient energy storage solutions. Tesvolt's batteries are considered among the safest in Europe, and they are made in Germany, specifically in Europe's first Gigafactory for battery storage in Lutherstadt Wittenberg.
The company's product portfolio is broad, catering to a variety of applications. Their energy storage solutions can be tailored to specific requirements, whether connected to high voltage or low voltage, on-grid or off-grid, and in combination with solar, wind, water, or cogeneration power. The core of their storage systems is the modern prismatic lithium battery cells from Samsung SDI, along with their patented and TÜV-certified intelligent cell control Active Battery Optimizer.
Tesvolt operates in the renewable energy market, serving clients who are looking for sustainable and efficient energy storage solutions. Their business model revolves around the production and sale of these battery storage systems. They generate revenue by selling these systems to businesses in various sectors, including industry, commerce, and agriculture.
In simple terms, Tesvolt makes and sells advanced battery systems that store energy for businesses. These batteries help businesses save money and protect the environment by using renewable energy sources like the sun, wind, and water.
Keywords: Tesvolt, Battery Storage Systems, Renewable Energy, Industrial Use, Commercial Use, Agricultural Use, Lithium Battery, Energy Efficiency, Sustainable Solutions, Made in Germany.