Invest-NL to invest in LeydenJar

Invest-NL is to contribute € 5 million to a € 22 million investment round for LeydenJar.LeydenJar is raising the funds from Dutch and American venture capitalists. Joining Invest-NL in this Series A investment round are YARD ENERGY, Catalus Capital, ING Sustainable Investments and Somerset Capital Partners. Existing investors (including BOM, Stichting Doen and PVS Investments) are also making additional investments.

The financial injection is needed to scale up the battery factory and further develop the technology. LeydenJar is thus preparing itself for mass production at a competitive price. LeydenJar's technology creates batteries with 70% more energy storage than the best batteries currently on the market. This will make a much longer range for electric cars possible, less frequent recharging for smartphones and soon even electric powered aircraft. The ultimate goal is to accelerate the energy transition with innovative battery technology.

Batteries with a high energy density are needed, among other things, for the electrification of the automobile industry. With LeydenJar's battery technology, an electric car can cover up to 70% more distance before it needs to be plugged in again. The battery is also fast-charging, so you can be back on the road in 15 minutes. A distinguishing feature is that the production process for these batteries is also considerably more sustainable than that of 'ordinary' li-ion (rechargeable) batteries, reducing CO₂ emissions by up to 85%.

Founder and CEO Christian Rood: "With this investment, we can take a big step in accelerating the energy transition, because battery technology is still frequently the bottleneck for the electrification of cars and many other applications. In the future, we will increasingly use all kinds of battery applications. It is therefore even more important that they are produced in a sustainable way. We are proud to have secured a strong consortium of investors and look forward to further developing this technology with our customers. On to the super battery!"

"LeydenJar’s battery technology has the potential to significantly accelerate the energy transition," saysLeo Holwerda, Director Capital at Invest-NL, "and with this investment we are strengthening the role of the Netherlands in the field of innovative battery technology. This unique and sustainable production process with significantly reduced CO₂ emissions also contributes to a better world."