Basquevolt has earned a top score of 9 out of 9 in its application to the European Commission’s EIC Accelerator programme, confirming the innovative strength of its solid-state battery technology and its strategic alignment with Europe’s battery industry goals.
The company has secured a €2.5 million grant and may receive up to €10 million in future investment, which will speed up the industrial-scale production of its advanced electrolyte. Basquevolt aims to establish itself as Europe’s primary supplier of electrolytes for solid-state batteries.
As a European frontrunner in the development of solid-state batteries, Basquevolt’s selection places it among the elite, only 40 out of 1,000 applicants were chosen, reflecting a success rate of just 4%. The unanimous 9/9 score from reviewers underscores the credibility and impact of Basquevolt’s proposed technology, which the evaluators see as a vital contribution to Europe’s battery supply chain and the broader transition to sustainable transportation. The proposal was recognized both for its novelty and its role in solidifying Europe’s position in the global battery race.
This recognition marks a turning point for Basquevolt, as it moves closer to deploying a disruptive electrolyte that boosts battery energy density by more than 50% compared to conventional models. This leap in performance means electric vehicles will be able to travel over 50% farther without any increase in battery size or weight. Beyond range improvements, the technology also addresses key safety concerns, which could facilitate the return of micromobility options, like electric scooters, to public transport systems, reinforcing sustainable urban movement.
The funding from the EIC Accelerator will bolster Basquevolt’s market presence and ensure faster rollout of its electrolyte technology across actual applications. This support underscores the EU’s belief not only in the company’s technology, but also in the promise of its business model.
Basquevolt’s electrolyte is designed to overcome core limitations of lithium-ion batteries, delivering greater energy efficiency, enhanced safety, and a reduced environmental footprint. With backing from the EIC, Basquevolt can now take key steps toward industrial-scale production, helping to lower battery costs across the EV industry, costs that remain a central barrier to widespread adoption.
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