Rivus lands €2M to bring metal-free flow batteries to market
What's the deal? RivusDealroom has a profile for this one. Try Dealroom →, a Swedish battery startup, has raised €2 million in an early-stage round led by Turbine CapitalDealroom has a profile for this one. Try Dealroom →, with Almi Invest GreenTech and existing shareholder XISTA Science VenturesDealroom has a profile for this one. Try Dealroom →. The round is paired with roughly €2 million in non-dilutive funding from the Swedish Energy AgencyDealroom has a profile for this one. Try Dealroom → and VinnovaDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Founded in 2023 as a spin-off from Chalmers University of Technology, Rivus develops metal-free organic electrolytes for flow batteries, made from low-cost commodity chemicals and compatible with existing hardware. The money will fund electrolyte optimisation, production scale-up with external manufacturing partners, and first customer pilots.
Why now? Chief executive officer Cedrik Wiberg said the funding lets Rivus "scale our chemistry, deliver our first customer pilots over the next 18–24 months, and bring our technology to market faster." Pilots are slated for 2026–2027.
What could go wrong? The technology still has to prove itself commercially, moving from lab-scale chemistry to viable pilots and cost-competitive production.
The signal: Europe is racing to add renewables to a grid that cannot store them, largely using chemistries that lean on scarce critical minerals. Rivus's bet is that a critical-metal-free option compatible with existing flow battery hardware can compete on cost per kWh — a wager that fits a wider push toward resilient, homegrown energy storage supply chains.
Read more: rivus-batteries.com
Image credit: Generated with Gemini
