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Electronics Production | June 30, 2005

ReVolt receives EUR 7 Mn in financing

Norway based battery specialist, ReVolt Technology AS, has developed a rechargeable zinc-Air battery, has received 7 million euro in a first round of financing.;
The investment has been made by Northzone Ventures, Sofinnova Partners, Techno Venture Management (TVM), and Viking Ventures. ReVolt (Trondheim, Norway) was formed as a spin-off from contract research institute Sintef in 2004 and is led by Nils Kristian Nakstad as chief executive officer.
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