About CustomCells
CustomCells is a company based in Itzehoe (Germany) founded in 2012 by Torge Thonnessen. It operates as a Product-as-a-Service, Professional Services, and Mobility-as-a-Service. CustomCells has raised $63 million across 5 funding rounds from investors including European Union, P3 and World Fund. CustomCells offers products and services including Modular Cell Technology and Battery Development Services. CustomCells operates in a competitive market with competitors including Geli, About Energy, oorja, IONETIC and Ionworks, among others.
- Headquarter Itzehoe, Germany
- Founders Torge Thonnessen
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Customcells Holding Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$63 M (USD)
in 5 rounds
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Latest Funding Round
$63 M (USD), Series A
Dec 08, 2022
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Investors
European Union
& 6 more
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Employee Count
Employee Count
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Products & Services of CustomCells
CustomCells offers a comprehensive portfolio of products and services, including Modular Cell Technology and Battery Development Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance battery cells are tailored for specific customer needs.
Customized battery solutions are developed across the value chain.
Funding Insights of CustomCells
CustomCells has successfully raised a total of $63M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $63 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $63.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - CustomCells | Valuation | World Fund | |
| Jun, 2021 | Amount | Series A - CustomCells | Valuation | Porsche Ventures |
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| Jan, 2020 | Amount | Grant - CustomCells | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CustomCells
CustomCells has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, P3 and World Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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World Fund is recognized as a leading European climate tech venture capital fund.
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Founded Year | Domain | Location | |
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A family-owned investment firm is operated focusing on sustainable sectors.
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Founded Year | Domain | Location | |
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Vsquared Ventures is engaged in technology-focused venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CustomCells
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CustomCells
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Customcells Comparisons
Competitors of CustomCells
CustomCells operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Geli, About Energy, oorja, IONETIC and Ionworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Develops energy storage operating software
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| domain | founded_year | HQ Location |
Battery design software is provided for energy applications.
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| domain | founded_year | HQ Location |
Platform offering battery simulation and life management solutions
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| domain | founded_year | HQ Location |
Provider of battery pack technology for auto manufacturers to make the transition to electrified powertrains
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| domain | founded_year | HQ Location |
Virtual prototyping suites are developed for battery design and research.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Customcells
Frequently Asked Questions about CustomCells
When was CustomCells founded?
CustomCells was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is CustomCells located?
CustomCells is headquartered in Itzehoe, Germany. It is registered at Itzehoe, Schleswig-holstein, Germany.
Who is the current CEO of CustomCells?
Dirk Abendroth is the current CEO of CustomCells.
Is CustomCells a funded company?
CustomCells is a funded company, having raised a total of $63M across 5 funding rounds to date. The company's 1st funding round was a Grant of $716.61K, raised on Aug 28, 2013.
What does CustomCells do?
CustomCells is involved in the development and industrialization of premium battery technology, focusing on high-performance solutions for automotive, aviation, and maritime sectors. The company is recognized for its expertise in material RD, cell design innovation, and manufacturing processes. Services are provided across the entire value chain, from ideation and prototyping to full-scale production and gigafactory commissioning. Innovations are driven by a customer-centric approach, ensuring tailored solutions that meet specific performance requirements. Additionally, sustainability and decarbonization are prioritized through ESG commitments and circular economy practices, positioning CustomCells as a key player in the global energy transition.
Who are the top competitors of CustomCells?
CustomCells's top competitors include Geli, oorja and About Energy.
What products or services does CustomCells offer?
CustomCells offers Modular Cell Technology and Battery Development Services.
Who are CustomCells's investors?
CustomCells has 7 investors. Key investors include European Union, P3, World Fund, ABACON CAPITAL, and Vsquared Ventures.
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