When was Tesvolt founded?

Tesvolt was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is Tesvolt located?

Tesvolt is headquartered in Seevetal, Germany.

Which legal entities is Tesvolt associated with?

Tesvolt is associated with TESVOLT GmbH.

How many employees does Tesvolt have?

As of Jul 31, 2026, the latest employee count at Tesvolt is 162.

Is Tesvolt a funded company?

Tesvolt is a funded company, having raised an undisclosed amount across 5 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Mar 2017.

When was the latest funding round of Tesvolt?

Tesvolt's latest funding was a $***** Series C round on Nov 16, 2021, with participation from 4 investors.

Where does Tesvolt rank among its competitors?

Tesvolt ranks 19th amongst 691 active competitors, of which 73 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was GridCARE, which secured $64M in May, 2026.

Who are the top competitors of Tesvolt?

Tesvolt's top competitors include A123 Systems, Amperehour Solar Technology and Corvus Energy. Among them, GridCARE secured the most recent funding round in May, 2026.

Tesvolt - 2026 Company Profile, Team, Funding, Competitors & Financials

Tesvolt is a public company based in Seevetal (Germany), founded in 2014 by Daniel Hannemann and Simon Schandert. It operates as a Provider of energy storage systems, software, services, and energy trading. Tesvolt has raised an undisclosed amount in funding from Liechtenstein Group. The company has 691 active competitors, including 73 funded and 51 that have exited. Its top competitors include companies like A123 Systems, Amperehour Solar Technology and Corvus Energy.

Company Details

Provider of energy storage systems, software, services, and energy trading. The company delivers battery storage solutions for commercial customers and municipal utilities. It supports storage projects for commercial clients and project development for municipal utilities. The company offers electricity marketing on the energy exchange. It provides services digitally, including training, project planning, quotation tools, online shop, app-based commissioning, and remote maintenance of systems.

Website: www.tesvolt.com/en/
Social
Email ID: *****@tesvolt.com

Key Metrics

Founded Year

2014

Location

Seevetal, Germany

Stage

Public

Latest Funding Round

Series C, Nov 16, 2021, $*****

Investors

Liechtenstein Group & 13 more

Ranked

19^th among 691 active competitors

Employee Count

162 as on Jul 31, 2026

Investment & Acquisitions

Wendeware AG

Similar Companies

A123 Systems & 361 more

Exit Details

Public

View Tesvolt's full profile

Tesvolt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TESVOLT GmbH CIN: HRB20947 , Germany, Active	Aug 05, 2014	-	40 (As on Dec 31, 2018)

Tesvolt has raised funding over 5 rounds. Its first funding round was on Mar 2017. Its latest funding round was a Series C round on Nov 16, 2021 for $*****. 4 investors participated in its latest round. Tesvolt has 12 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Tesvolt:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 16, 2021	4167479	Series C	7354629	6091846	7891508	7776990
Sep 30, 2020	5615001	Grant (prize money)	1550129	4175755	1610526	EIC Fund
Dec 04, 2018	6460767	Grant (prize money)	3476541	4052061	8364304	SME Instrument

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View details of Tesvolt's funding rounds and investors

The founders of Tesvolt are Daniel Hannemann and Simon Schandert.

Here are the details of Tesvolt's key team members:

Daniel Hannemann: Co-Founder of Tesvolt. They serve on the board of 1 company.
Contact Info: 1 email address
Simon Schandert: Co-Founder of Tesvolt. They serve on the board of 1 company.
Contact Info: 1 email address

Tesvolt's Board of Directors

Tesvolt's board has 2 active members. Daniel Hannemann and Simon Schandert are part of team.

Here is the list of Tesvolt's board of directors:

Name	Type	Representing	Status	Duration
Daniel Hannemann	Team	-	Current	3y 10m
Simon Schandert	Team	-	Current	3y 10m

View details of Tesvolt's Founder profiles and Board Members

Tesvolt's employee count trend

Tesvolt has 162 employees as of Jul 26. Here is Tesvolt's employee count trend over the years:

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Top competitors of Tesvolt include A123 Systems, Amperehour Solar Technology and Corvus Energy. Here is the list of Top 10 competitors of Tesvolt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, DTE Energy Ventures & 19 others	76/100
2nd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
3rd	Corvus Energy 2009, Nesttun (Norway), Acquired	Developer of energy storage systems (ESS) based on lithium NMC technology	$88.3M	Equinor, Morgan Stanley & 11 others	66/100
4th	Farasis Energy 2002, Nanchang (China), Public	Manufacturer of lithium-ion batteries for electric vehicles and energy storage	$793M	Mercedes-Benz, China Venture Capital & 15 others	66/100
5th	Sonnen 2010, Wildpoldsried (Germany), Acquired	Developer of energy storage systems and smart energy solutions hardware	$180M	Shell, SET Ventures & 9 others	65/100
6th	Base Power 2023, Austin (United States), Series C	Provider of battery storage system	$1.3B	Addition, Andreessen Horowitz & 18 others	65/100
7th	Microvast 2006, Stafford (United States), Public	Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage	$430M	IFC, Ashmore & 7 others	64/100
8th	Haven Energy 2022, Austin (United States), Series B	Online platform offering energy storage solutions	$51.2M	Giant Ventures, Lerer Hippeau & 10 others	64/100
9th	GridCARE 2024, Redwood City (United States), Series A	Provider of AI data center power solutions leveraging existing grid infrastructure	$77.5M	Temasek, Xora Innovation & 20 others	63/100
10th	FranklinWH 2019, San Jose (United States), Series B	Manufacturer of home energy management and battery storage solutions	$25M	Peak XV Partners, Particle Future & 3 others	62/100
19th	Tesvolt 2014, Seevetal (Germany), Public	Provider of energy storage systems, software, services, and energy trading	-	Berenberg, UBS & 12 others	57/100