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Basquevolt
Solid-state battery technology for mass electrification
About Basquevolt
Basquevolt is a Spanish company founded in June 2022, specializing in the development and production of solid-state lithium batteries. The company spun out of the CIC energiGUNE research center, leveraging over ten years of research in the field. The technology is based on a proprietary composite electrolyte patented by CIC energiGUNE and developed by a team including Professor Michel Armand. Basquevolt's CEO is Pablo Fernández Santos, who has an extensive background in the automotive industry, including at Renault.
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The company's mission is to develop sustainable, safer, and competitive solid-state batteries to enable the mass deployment of electric transportation, stationary energy storage, and advanced portable devices. The main markets served are the automotive, heavy transport, and stationary energy sectors. The business model is focused on becoming a key electrolyte supplier in Europe and producing its own battery cells. Basquevolt aims to reduce battery pack costs by around 30% and the CO2 footprint of production by approximately 40%. The company's products include a polymer composite electrolyte and a high silicon content anode, which are designed to offer higher energy density and safety compared to conventional liquid electrolyte lithium-ion batteries.
Basquevolt launched as a public-private initiative with the Basque Government and a consortium of founding investors, including Iberdrola, CIE Automotive, Enagás, and EIT InnoEnergy. Located in the Álava Technology Park in Vitoria-Gasteiz, Spain, the company has secured significant funding, including a Series A round in March 2025, to accelerate its industrialization. The company plans to commission a pilot production line in 2025 and begin mass production of battery cells by 2027, with a target capacity of 10GWh.
At a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Vitoria, Spain
- Employees
- 83
- Open positions
- 3
- Dealroom signal
- 78.3/100
- Sub-industry
- Energy Storage, Vehicle Production
- Sector
- Transportation, Lithium-Ion Batteries, Battery, Spinout, Sustainable Development Goals, EIC, EV Battery Production, Solid-State Battery
- Technology
- Hardware, Deep Tech, Nanotech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Mar 2026 | $0 | — | Axon Partners Group · CDTI Innvierte | ↗ |
| GRANTOther financing | Jul 2025 | $2.7M | — | InnoEnergy | ↗ |
Growth signals
Latest recorded traffic for Basquevolt is 2.3K monthly website visits, up 0% over the last three months. Basquevolt's team grew 6.4% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed9 investors entered at this stage
InnoEnergy
CIE Automotive
Enagás
Gestión de Capital Riesgo del País Vasco
CIC energiGUNE
PERSEO
Government of Spain. Ministry of Industry and Tourism
CDTI Innvierte
European Innovation Council
Series A3 investors entered at this stage
Ekarpen
Stellum Capital
Axon Partners Group
Other known investors1 additional known investor
BIC Araba
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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