Deal Ticker: Kellerhals Carrard advises Libattion AG on its EUR 14M Series A Financing Round
Kellerhals Carrard is pleased to have advised Libattion AG on its recent EUR 14M Series A Financing Round!
Libattion AG a fast-growing, leading-edge company offering stationary energy storage solutions from upcycled electric vehicle batteries based in Zurich which known for its unique algorithms and power control systems that extend the service life of upcycled batteries, ensuring their performance matches that of new batteries. Libattion AG’s innovative energy storage systems, called “e-Racks,” cover a wide range of capacities, from 97 kWh to 60 MWh, offering modular and versatile solutions. These systems provide energy flexibility services such as frequency control, peak demand reduction, and fast EV charging. They are also ideal for supporting critical infrastructure and hybridising renewable assets to store surplus energy.
The round was led by A&G Energy Transition Tech Fund together with Spanish automotive components manufacturer Teknia, the Portuguese fund HCapital New Ideas II and Swiss energy utility company EBL.
Kellerhals Carrard comprehensively advised Libattion on all aspects of the transaction with a team co-led by Karim Maizar and Norbert Schenk (both Corporate/VC) and comprising of Lisa Schmid (Corporate/VC).
“This milestone marks a significant step forward in our mission to improve circular economy by upcycling EV batteries. We extend our deepest gratitude to the team at Kellerhals, whose exceptional legal expertise, professionalism, and excellent coordination enabled us to close the financing round at high speed. Their dedication and support have been invaluable, and we look forward to continuing our partnership as we drive innovation and growth in the energy sector.” says Stefan Bahamonde, Libattion AG’s co-founder and CEO.