ReVolt Technology AS receives EUR 7m from VC syndicate

Created in 2004, ReVolt Technology AS (ReVolt) is a spin-off of Sintef, one of the largest contract research institutes in Europe, based in Trondheim. The company’s founder, Trygve Burchardt, has developed a new battery technology that could replace the lithium-ion batteries currently used in mobile applications. Zinc-air batteries, with a substantially higher energy density than regular batteries, have existed for about 20 years but have so far only been used as primary batteries. ReVolt has discovered a method to make Zinc-Air batteries fully rechargeable. In addition, ReVolt’s batteries are considerably less costly to manufacture than Li-ion batteries and there are no toxic materials applied. This represents a major technological breakthrough with significant potential for extending the battery life of mobile electronic equipment, such as mobile telephones, digital cameras, and PCs. In recent years, as more functionality has been added to these devices, energy consumption has risen quickly, but the corresponding improvements in battery performance have not been strong enough to make up for the increased energy needs.

ReVolt plans to concentrate on the market for consumer electronics, where the number of units sold in 2008 is projected to reach 1.6 billion. ReVolt batteries will be particularly adapted to use in mobile telephones, sales of which are expected to reach $3bn by 2008.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• Nordics