WATTALPS is a French lithium-ion battery company that develops modular batteries built around a patented immersion cooling system. Its products are certified to IEC 62619 industrial standards and ISO 26262 automotive safety standards and target heavy-duty and demanding applications including construction equipment, agriculture, mining, cargo handling, and high-performance vehicles. The company has invested 11 years of R&D in immersion cooling and offers batteries designed for improved performance, longevity, and safety, with options for second-life repurposing. WATTALPS reported revenue that multiplied fivefold in 2023 and tripled again in 2024. The new funding will support an eightfold increase in manufacturing capacity at its Moirans facility near Grenoble, cost and productivity improvements, product-range expansion, and commercial expansion beyond Europe, with a target to exceed €100 million in turnover within five years. WATTALPS also quantifies environmental impact, saying each battery module can prevent 1.27 tCO2eq and that deployments could avoid over 290,000 tCO2eq by 2028. WATTALPS develops and commercializes immersion-cooled lithium battery systems designed for heavy-duty industrial machinery. Its immersion cooling technology provides precise temperature control and safety while optimizing battery performance and lifespan in a compact footprint. The company is preparing to develop, validate and market the third generation of its electric batteries. Target applications include construction, lifting, handling, agricultural machinery and certain vessels, addressing global demand for machine electrification. WATTALPS has received European support to accelerate product development and international expansion.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2024