TESVOLT

Germany
Allendorf an der Lumda, Hesse, Germany, 06886

Company profile

TESVOLT company profile

TESVOLT AG is one of the innovation and market leaders for commercial and industrial energy storage system solutions in Germany and Europe. TESVOLT products enable companies to end their energy dependency and play a part in the energy transition. The agile company produces intelligent lithium storage systems with power ratings from 10 kilowatt hours through to multiple megawatt hours – with top quality and TÜV-certified safety. TESVOLT manufactures its commercial storage system solutions in series production at its own carbon-neutral gigafactory in Lutherstadt Wittenberg and delivers them worldwide. The company has already received several awards, including the German Entrepreneur Award in the “Rising Stars” category, “Innovator of the Year” from TOP 100 and the smarter E Award in the “Outstanding Projects” category. The company was founded with the ambition to continue to drive the renewable energy sector forward. The company’s co-founders, Daniel Hannemann and Simon Schandert, have been working in the photovoltaic sector for many years, so they have excellent knowledge of the market and innovations in the renewables industry. Their main goal was to develop and sell economical commercial and industrial storage solutions.

Business identity

Contact email
[email protected]
Operating status
Active
Company type
For Profit
Employee range
251-500 employees
Revenue range
$0-$1M
Founded
2014-01-01, Year

Headquarters

Postal code
06886
Country code
DE
Continent
Europe

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
4
Total equity funding
$45.3M
Last funding
Series B / 2022-02-02
Last equity funding
Series B
Investors
8
Lead investors
3
Founders
2
Articles
35

Founders and investors

Founders

Daniel HannemannSimon Schandert

Lead investors

bmp VenturesIBG Beteiligungsgesellschaft Sachsen-AnhaltLiechtenstein Group

Investors

AENUBerenbergbmp VenturesIBG Beteiligungsgesellschaft Sachsen-AnhaltUBS