Press release
Modual Secures Financing from Switzerland's Technology Fund to Accelerate Growth and Innovation in Second-Life Battery Technology
Modual Second Life Battery Energy Storage
Modual Secures Financing from Switzerland's Technology Fund to Accelerate Growth and Innovation in Second-Life Battery Technology
Brunnen, Switzerland - November 28, 2024
Modual, Switzerland's leading manufacturer of second-life battery technology, is proud to announce it has secured financing from Switzerland's Technology Fund. This pivotal support will enable Modual to accelerate its growth, further solidify its technological leadership, and continue making impactful contributions to the circular economy.
As part of the Swiss government's climate policy initiative, the Technology Fund supports innovative companies that contribute to a sustainable future. The financing will help Modual expand its production capabilities and drive innovation in repurposing electric vehicle (EV) batteries for battery energy storage systems (BESS).
"Our goal is to make an effective contribution to the circular economy. To achieve this, we are striving for rapid growth and want to further expand and protect our technological lead. The support of the Technology Fund plays a crucial role in this," said Christoph Fässler, Co-Founder of Modual.
About Second-Life Batteries
Second-life batteries represent a transformative approach to sustainability. When EV batteries reach the end of their useful life in vehicles, they retain up to 80% of their original capacity. Modual repurposes these batteries to create high-performance energy storage systems, extending the lifecycle of valuable materials, reducing waste, and mitigating the environmental impact of battery production.
With Modual's advanced technology, these second-life batteries deliver cost-effective, eco-friendly energy storage solutions for both residential and industrial applications. Modual's AC and DC energy storage systems cater to a wide range of needs, from integrating renewable energy sources to retrofitting existing setups.
About the Technology Fund
The Technology Fund is a federal climate policy instrument. Responsibility for the implementation of the Technology Fund lies with the Federal Office for the Environment (FOEN), Climate Division. By providing financial backing to companies advancing innovative climate solutions, the fund fosters the development of technologies that contribute to the reduction of greenhouse gas emissions and promote sustainability.
www.technologiefonds.ch
info@technologiefonds.ch
About Modual
Modual is Switzerland's leading second-life battery manufacturer, dedicated to creating sustainable energy solutions through innovative battery technology. By repurposing electric vehicle (EV) cells, Modual provides high-performance, eco-friendly battery systems for a variety of applications.
Our commitment to sustainability, coupled with our rapid growth and technological leadership, enables us to significantly reduce the environmental impact of energy storage. At Modual, we are passionate about driving a cleaner, greener future, one battery at a time.
For further information on our products and technology, please visit www.modual.ch.
For queries or to request more information, please contact:
Modual
office@modual.ch
+41 41 244 05 50
www.modual.ch
Modual AG
Seewenstrasse 13
6440 Brunnen SZ
Modual is Switzerland's leading second-life battery manufacturer, dedicated to creating sustainable energy solutions through innovative battery technology. By repurposing electric vehicle (EV) cells, Modual provides high-performance, eco-friendly battery systems for a variety of applications.
Our commitment to sustainability, coupled with our rapid growth and technological leadership, enables us to significantly reduce the environmental impact of energy storage. At Modual, we are passionate about driving a cleaner, greener future, one battery at a time.
For further information on our products and technology, please visit www.modual.ch.
For queries or to request more information, please contact:
Modual
office@modual.ch
+41 41 244 05 50
www.modual.ch
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Modual Secures Financing from Switzerland's Technology Fund to Accelerate Growth and Innovation in Second-Life Battery Technology here
News-ID: 3769414 • Views: …
More Releases from Modual AG
Modual Appoints Vincent Marbé as New CEO to Lead Company into Next Growth Phase
Brunnen, December 12th, 2024 - Modual AG, Switzerland's leading second-life battery manufacturer, is pleased to announce the appointment of Vincent Marbé as its new Chief Executive Officer. Marbé, an accomplished leader with a proven track record in the energy sector, will take the helm at Modual to drive its next phase of growth and innovation in sustainable energy storage solutions.
"I am thrilled to join Modual at this pivotal moment in…
Modual Appoints Jesse Morris as New Head of Marketing
Brunnen, Switzerland - [26/06/2024] - Modual, a leading innovator in repurposing end-of-life electric car batteries into second-life energy storage solutions, is proud to announce the appointment of Jesse Morris as their new Head of Marketing. Jesse brings over 15 years of experience in senior leadership roles within the technology and energy storage industries, positioning him as an ideal leader to drive Modual's marketing strategies and global brand growth.
Jesse Morris's distinguished…
More Releases for Technology
Insurance Technology Market Outlook 2021 | TIA Technology, Patriot Technology So …
Insurance Technology Market has recently added by Qurate Research to its vast repository. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. Report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report is integrated with imperative insights on the market, which will support the clients to make precise business decisions. The report incorporates data regarding the…
Global Insurance Technology Market 2019 – Top Companies Xchanging, Insurance T …
"Insurance Technology or Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech.”
Global Insurance Technology Market Research Report is a valuable source of insightful data for business strategists. Provides industry Overviews, including Growth Analysis, Past & Future Costs, Revenue, Demand and Supply Data (where…
Insurance Technology Market Analysis By Major Players | Xchanging, Insurance Tec …
The global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and…
Insurance Technology Market – Major Technology Giants in Buzz Again | TIA Tech …
Global Insurance Technology Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Insurance Technology Market. Some of the key players profiled in the study are Xchanging, Insurance Technology…
Global Insurance Technology Market 2018-2025 Health and Life Insurance By Xchang …
In 2017, the global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges,…
Ultrasonic Technologies Market by Technology (Motor/actuator technology, medical …
The global ultrasonic technologies market provides alteration of processes with the use of oscillating sound of very high frequency. It is expected that the market would grow at a respectable rate as the technology is being widely adopted. Various verticals such as industrial units and healthcare are using ultrasound as it is considered a highly efficient technology. In the healthcare sector, it is used for diagnosis and treatment by minimal…
