Basquevolt has secured new investment from Axon Partners Group, alongside public funding from the Centre for the Development of Technology and Innovation, as it advances plans to commercialise solid-state battery technology.
Founded in 2022 by a consortium including Iberdrola, CIE Automotive, Enagás, EIT InnoEnergy, CIC energiGUNE and the Basque Government, Basquevolt is focused on developing next-generation batteries with higher energy density, faster charging and improved safety compared with conventional lithium-ion systems.
The company said its solid-state electrolyte technology could deliver around 50% higher energy density than current lithium-ion batteries, potentially increasing electric vehicle range without adding weight or size.
The newly secured funding, the size of which was not disclosed, is intended to support Basquevolt’s transition toward industrial-scale production. The company plans to expand its electrolyte manufacturing capabilities and enhance validation processes while continuing collaboration with European automotive manufacturers and original equipment manufacturers (OEMs).
“Basquevolt represents the type of deep-technology innovation Europe needs to accelerate the energy transition,” said Alvaro Pascual, senior associate at Axon Partners Group. He added that the company’s technology addresses key challenges in next-generation energy storage while offering a pathway toward industrial scalability.
Pablo Fernández Santos, managing director of Basquevolt, said the investment and continued public support mark a key milestone for the company’s development and will help accelerate its roadmap toward pre-industrialisation.
The funding reflects broader efforts in Europe to strengthen a domestic battery value chain and reduce reliance on external suppliers as demand for electric vehicles and energy storage continues to grow.
