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CustomCells
Development and series production of electrodes, electrolytes and Battery Cells
About CustomCells
CustomCells operates as a specialized developer and manufacturer of application-specific lithium-ion battery cells, positioning itself at the premium end of the energy storage market. The company was established in 2012 in Itzehoe, Germany, as a spin-off from the Fraunhofer Institute for Silicon Technology (ISIT). The founders, Leopold König and Torge Thönnessen, who have known each other since childhood, identified a market opportunity for customized battery solutions that exceeded the capabilities of the institute.
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Leopold König's background is in industrial engineering, and he previously worked as a paramedic before transitioning to electromobility at Fraunhofer ISIT. Torge Thönnessen holds a background in chemistry and began his scientific career at Fraunhofer ISIT, focusing on scaling up lithium battery cell manufacturing from the lab to industrial production. Their combined expertise established a company that bridges the gap between research and mass production. The company’s business model involves developing and certifying bespoke lithium-ion battery technologies and assisting original equipment manufacturers (OEMs) in scaling these technologies from the laboratory to full production. This includes providing services across the entire value chain, from material selection and prototyping to series production and support for commissioning gigafactories.
CustomCells serves a diverse client base across high-stakes industries, including automotive, aviation, maritime, and medical technology. The firm has become a development partner for major automotive manufacturers and is notably involved in the electrification of air transport, supplying battery cells for Lilium's all-electric jets. A significant milestone was the 2021 formation of the Cellforce Group, a joint venture with Porsche AG, to develop high-performance battery cells. The company's revenue is generated through projects and services tailored to customer needs, as well as through the production of small to medium-sized series of custom battery cells. For certain applications, the business model resembles that of an intellectual property supplier, earning royalties while the OEM or a third party finances the large-scale production facilities.
The company's core offering is its ability to tailor battery cells to specific performance requirements, whether it be power density, energy density, cycle stability, or safety certifications. They manufacture a variety of formats, including pouch and cylindrical cells, and have developed expertise in advanced materials like high-silicon anodes. This is demonstrated by licensing agreements, such as the one with Enevate to produce their silicon-dominant 'XFC-Energy' battery technology. With production sites in Itzehoe and Tübingen, and a new office in Detroit, USA, CustomCells is expanding its global footprint. The company has successfully raised capital to fuel this growth, including a €60 million Series A financing round in late 2022, led by World Fund and Abacon Capital, to expand its e-aviation activities and international presence. Keywords: lithium-ion battery cells, custom battery manufacturing, energy storage solutions, e-aviation batteries, automotive battery technology, battery development, battery industrialization, high-performance batteries, Fraunhofer spin-off, silicon anode technology, Cellforce Group, Porsche partner, Lilium supplier, battery prototyping, energy storage systems, electromobility, battery R&D, advanced air mobility, German engineering, battery value chain, premium battery technology, electric vehicle components, Itzehoe, Tübingen, electrification
At a glance
- Status
- Operational
- Founded
- 2012
- Headquarters
- Itzehoe, Germany
- Employees
- 89
- Open positions
- None listed
- Dealroom signal
- 62.5/100
- Sub-industry
- Energy Storage
- Sector
- Aviation, Lithium-Ion Batteries, Chemistry, Spinout, Sustainable Development Goals, Aviation and Aerospace, EV Battery Production, EV Battery, Climate Tech, Novel Energy, Electric Mobility, Hard Tech, EIT InnoEnergy
- Business model
- Manufacturing
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | May 2023 | $0 | — | Manz | ↗ |
| SERIES AOther financing | Dec 2022 | $69M | $277M | World Fund · Porsche Ventures · Vsquared Ventures · Abacon Capital | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for CustomCells is 1.7K monthly website visits, up 84.8% over the last three months. CustomCells's team declined 15.2% over the past year.
Similar companies
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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.
Series A11 investors entered at this stage
HTGF
IFB Innovationsstarter
Altana
P3 Group
Porsche Ventures
Primepulse SE
Vsquared Ventures
468 Capital
World Fund
Abacon Capital
Manz
Other known investors2 additional known investors
Fraunhofer Society - Fraunhofer Gesellschaft
Fraunhofer Venture
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CustomCells on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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