Cologne-based startup Alteva secures €1.7 million in Pre-Seed funding to develop ultralight batteries aimed at decarbonizing the global transport sector.

Information on the Target

Alteva Technologies GmbH, a Cologne-based battery startup founded in 2023 by Ida Milow and Aiko Bernehed, has successfully raised €1.7 million in a Pre-Seed funding round. This round was led by the High-Tech Gründerfonds (HTGF), with participation from UnternehmerTUM Funding for Innovators, NRW.BANK, and prominent angel investors. Alteva focuses on the development of ultralight battery technology that significantly surpasses existing market options, aiming to electrify aviation, trucks, buses, and heavy-duty applications. The recent capital infusion will accelerate the company’s mission to provide cleaner and more sustainable energy storage solutions worldwide.

Industry Overview in Germany

The transportation sector in Germany, like much of the world, remains heavily reliant on fossil fuels. Current battery technologies for fully electric aircraft or long-haul trucks are often deemed impractical due to their excessive weight. However, Alteva has made a significant breakthrough by developing an innovative ultralight carbon material with unique physical properties. This next-generation battery technology is up to three times lighter than existing solutions on the market while also offering enhanced energy density and durability.

This advancement is backed by research conducted at the German Aerospace Center (DLR) and holds the potential to electrify a major portion of the transport sector, contribut