Unbound Potential receives further funding from Germany
Thalwil ZH - Unbound Potential hat in der zweiten Phase eines Wettbewerbs der deutschen Bundesagentur für Sprunginnovationen 3 Millionen Euro an Fördergeldern erhalten. Damit will die Ausgründung der Eidgenössischen Technischen Hochschule Zürich ihre membranlose Batterietechnik ausbauen.
Four young companies have qualified for the final second stage of the SPRIND Challenge Long-Duration Energy Storage innovation competition organised by the German Federal Agency for Leap Innovations SPRIND. One of them is Unbound Potential from Thalwil. The spin-off from the Swiss Federal Institute of Technology in Zurich will receive a further 3 million euros in funding over the next 18 months to further develop its membrane-free battery technology, Unbound Potential explains in a press release on startupticker.ch. In the first stage, the start-up received 1 million euros in funding.
Unbound Potential has already found its first commercial customer for its 0.5 megawatt-hour membrane-free redox flow battery. The start-up intends to use the funding from Germany to expand its production capacities and for further pilot systems to validate the technology.
“Through the competition, we can help promising technologies achieve a breakthrough for which there is not yet sufficient private venture capital,” said Jano Costard, Challenge Officer at the Federal Agency for Leap Innovations SPRIND, in the press release. “By linking further funding in the second phase of the SPRIND Challenge to interim results, we are creating competition among the teams and ensuring that investments are made in the most promising technologies and teams.”