Floatech Secures €2.5 Million Funding from European Innovation Council for Battery Anode Development
Madrid-based Floatech, specializing in high-performance battery anodes, has secured €2.5 million in funding through the European Innovation Council's Accelerator programme, which supports disruptive technologies. This funding validates IMDEA Materials Institute's technology transfer strategy, facilitating the industrialization of Floatech's patented Floating Catalyst Chemical Vapour Deposition (FCCVD) technology. The company plans to launch a manufacturing megafactory by 2029 and aims to collaborate with automotive manufacturers for electric vehicle gigafactories starting in 2030.
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Floatech, a Madrid-based start-up focused on high-performance battery anodes, has received €2.5 million in funding through the EIC Accelerator programme. This funding supports its patented Floating Catalyst Chemical Vapour Deposition technology and its product Si⋮Coil, a silicon anode intended to replace graphite.
Floatech plans to establish a manufacturing megafactory by 2029 to serve the electronics sector and collaborate with automotive manufacturers for electric vehicle gigafactories by 2030. The EIC funding could lead to an additional €10 million investment, enhancing Floatech's position within European industrial value chains and reducing dependency on critical materials sourced externally.
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