According to Charged EVs, Basquevolt wants to establish a team that will take care of technical support and the research at the Alava Technology Park, located in Spain.

This way, the startup hopes to develop prototype cells and to build a pilot production line in 2025.

Iberdrola officials stated that "through PERSEO, Iberdrola carries out more than 25 real tests of technologies per year, which serve as a first step towards establishing a commercial relationship or partnership with startups."

On the long run, Basquevolt hopes to be able to start manufacturing solid-state batteries in 2027 and to be able to produce some 10 GWh of annual capacity.

The Spanish startup also received investments amounting to 700 million euros from companies such as CIE Automotive, EIT InnoEnergy and Iberdrola.

Photo source: Basquevolt