French cleantech startup PowerUp claims that its technology is designed to make the management of lithium-ion batteries more reliable while extending their lifetime. Now, this startup announced that it has raised €5M funding to grow across its home market France and the rest of Europe.
€5M investment from Supernova Invest
PowerUp has raised €5M funding from Supernova Invest (its historic investor), business angels, and the EDF Group. This new investment underlines the company’s ambitions to play a part in the energy and ecological transition, strengthen its leadership position in France followed by Europe and North America, and accelerate its growth by hiring 25 new employees. Also, it marks the debut of a new era, which equips to PowerUp tackle the energy storage systems sector and the entry into the new international market.