CUSTOMCELLS has successfully concluded a multi-million financing round. Investors include venture capital specialists Vsquared Ventures and 468 Capital, which were both advised by GvW Graf von Westphalen, and Porsche Ventures, the venture capital provider of Porsche AG.
CUSTOMCELLS was founded as a spin-off of the German Fraunhofer-Gesellschaft. With its sites in Itzehoe and Tübingen, it is now one of the leading companies in the field of development and serial production of special lithium-ion battery cells. Cell technology is seen as a key technology for numerous industries such as automotive and aviation. Only recently, CUSTOMCELLS announced the establishment of a joint venture with the Stuttgart-based car manufacturer Porsche AG as well as a cooperation with the aerospace company Lilium (for more information, see: greencarcongress.com / evtolinsights.com).
Venture capital investor Vsquared Ventures specialises in early-stage technology-venture investments. Based in Munich, the company pursues an investment strategy focused on deep tech companies.
468 Capital is a venture capital investor focused on European tech companies. With offices in Europe and the US, 468 Capital invests in early-stage growth of European tech start-ups from pre-seed to Series B.
GvW advised Vsquared Ventures and 468 Capital in this transaction with a Frankfurt team consisting of Titus Walek (lead), Jan Hüniken (both venture capital), Karsten Kujath (employment) and Joachim Mulch (IP). The GvW team of Titus Walek recently advised Vsquared Ventures on the investment in OQmented, another spin-off of Fraunhofer-Gesellschaft.