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PowerCo

The AI engine Fit Assessment

Beta

The company will attend Deep Tech Momentum 2026

Blurb

PowerCo's development is the next phase in expanding the global battery business.

HQ Location

Salzgitter (Germany)

Founded

2022

Employees

1001 - 5000

Total funding raised

$512.78M

Funding Status

Grant, $512.78M, April 21, 2023

At PowerCo, we are shaping the battery future. Founded by the Volkswagen Group in 2022, PowerCo is a globally operating battery cell manufacturer with a strong commitment to sustainability. The company, headquartered in Salzgitter, is rooted in Europe and is responsible for the development and production of battery cells, as well as the vertical integration of the value chain. PowerCo is currently ramping-up three cell factories with a combined capacity of up to 200 gigawatt-hours per year: Salzgitter in Germany, Valencia in Spain, and St. Thomas in Canada.

Our company is dedicated to driving sustainable energy solutions that contribute to a greener future, leveraging our expertise and innovation to make a positive impact on the global energy landscape.