As part of the deal, P3 group has acquired the stakes held by the company’s long-standing shareholders.
Founded in 2012 by Torge Thönnessen as a spin-off of the Fraunhofer Institute for Silicon Technology, Custom Cells manufactures tailored electrode foils and special types of rechargeable lithium batteries, while also assembling battery systems for niche markets. Through its strategic investment, P3 group intends to support Custom Cell’s business model, leverage synergies and expand its own markets.
The company serves approx 250 clients in over 30 countries.
Altana, Innovationstarter Fonds Hamburg and High-Tech Gründerfonds exited Custom Cells in conjunction with P3’s investment.