Why We Invested in WATTALPS
One of the key challenges in the energy transition is the electrification of heavy equipment. Industries like agriculture, construction, and mining rely on machinery with high continuous power demands, which have proven difficult for conventional batteries to meet. OEMs (Original Equipment Manufacturers) face several hurdles when electrifying their equipment using batteries. Among these are heat management, efficient packaging, and streamlined manufacturing. We are convinced that WATTALPS‘ innovative battery solutions can address these challenges, making the company well-positioned to become a tier 1 supplier in this market.
Innovative Battery Architecture
WATTALPS batteries stand out due to their patented immersion cooling technology. This method allows each cell to be in direct contact with a cooling fluid, ensuring optimal heat transfer. As a result, even under high continuous loads or extreme ambient temperatures, the battery cells can maintain their temperature within the desired operating range.
At Move Energy, we focus on ventures that help decarbonize the power, transport, and building sectors. WATTALPS innovative battery solutions drive, among other things, the electrification of the heavy equipment market, making WATTALPS a strong fit with our investment strategy.
The cells are housed in standardized modules, which allow for efficient packaging, especially when space is limited. Additionally, these modules are designed to be compatible with standardized cells, making the Wattalps battery packs cell-chemistry agnostic. These battery solutions have already been tested and proven across various applications, including excavators, feeding robots, pavers, trucks, sports cars, and material-handling equipment.
Growth Potential
Thanks to the trust that WATTALPS has earned from manufacturers, more are adopting their battery solution for series production. This opens up significant opportunities in the rapidly growing market for electrifying heavy equipment. In recent years, WATTALPS has developed a blueprint for scaling its production line. With the funding from this round, the company is poised to expand its production capacity to meet increasing demand.
Strong, Experienced Team
Electrifying heavy equipment is a complex challenge, but WATTALPS’ leadership is well-equipped to navigate it. With a combined 45 years of experience in battery design, manufacturing, and implementation, the three founders form a complementary team that has become a trusted partner for electrification projects.
Move Energy values teams with proven expertise, and WATTALPS’ leadership has demonstrated the technical excellence and industry insight necessary to execute complex electrification projects.
Customer references have highlighted the team’s deep knowledge of battery integration as a key factor in project success. We are confident that they will continue to scale the business while maintaining the operational excellence they’ve demonstrated to date.