BTRY, an EIC Accelerator Winner, Plans a Thin-Film Battery Plant
BTRY sets out from three weaknesses of the conventional lithium-ion battery: it recharges slowly, its liquid electrolyte can burn, and it copes badly with heat. The 2023 spin-off of Empa and ETH Zurich in Dübendorf builds its cells from layers a few micrometres thick, deposited in a vacuum and stacked, with a solid electrolyte instead of a flammable liquid. The company says the result is a battery from 0.1 mm thick that charges and discharges in about a minute and works at up to 150 °C, according to its website and the Hannover Messe release that announced its HERMES Startup Award in April 2026.
The European Innovation Council named BTRY among 38 companies in the Accelerator round it announced on 15 June 2026, describing the project as "industrialising an energy-dense solid-state battery that can be charged in one minute". CORDIS records an EU contribution of €2,260,125 for the project, also called BTRY, from 1 October 2026 to 30 September 2028. The project has not started yet, so this article sets out what it promised and what can already be checked.
Company file
- Legal entity
- BTRY AG, CHE-349.269.438, c/o Empa, Überlandstrasse 129, Dübendorf
- Registered
- Statutes dated 19 April 2023, entered in the commercial register in May 2023
- Founders
- Moritz Futscher (CEO), Abdessalem Aribia (CTO), Yaroslav Romanyuk (head of Empa's Thin Films and Photovoltaics laboratory)
- Board
- Abdessalem Aribia (president), Moritz Futscher, Pascal Stürchler (since 2025)
- Investors
- Redstone VC (seed lead), Bloomhaus Ventures, Linear Capital, Kickfund, Kick Foundation, High-Tech Gründerfonds, Zürcher Kantonalbank
- Staff
- 14, per Empa in November 2025
- EIC project
- BTRY, agreement 101329841, October 2026 to September 2028
Semiconductor tools for a battery
BTRY's founders came out of Empa's Thin Films and Photovoltaics laboratory. A single thin-film cell is only a few micrometres thick, and the company's approach, as chemeurope reported at its pre-seed round in January 2024, is to stack many thin cells into one battery and make them with high-precision vacuum coating and no toxic solvents. The Gebert Rüf Stiftung, which backed the company with CHF 150,000, describes the same approach: stacked thin cells for fast charging and a solvent-free vacuum process that cuts energy use.
The first named product is the BTRY 1S4P, which the company announced on 12 March 2025 as a battery for smart cards: under 0.1 mm thick, 4 by 5 centimetres, up to 50 mAh, rated from -40 to +150 °C and for more than 1,000 cycles. These are the company's figures. No independent test of the cells has been published that this review could find.
For scale, a solid-state microbattery already in licensed production, Ilika's Stereax M300, is listed on Ilika's product page at 1.1 mm thick and 300 µAh, made under licence by Cirtec Medical for medical implants and industrial sensors. The two products target different devices, so the comparison shows the format BTRY is aiming for, not which battery is better.
The format
A cell eleven times thinner than a licensed rival
Stated thickness of BTRY's smart-card battery against Ilika's Stereax M300, a solid-state microbattery made under licence by Cirtec Medical. The two are built for different devices: the Stereax is a few millimetres wide, the BTRY 1S4P covers 4 by 5 centimetres.
BTRY, 12 March 2025; Ilika, Stereax product page. Both are manufacturer figures.
Three rounds before the grant
BTRY's money so far has come in three steps. High-Tech Gründerfonds led a CHF 900,000 pre-seed round with Zürcher Kantonalbank in January 2024, per chemeurope. Gebert Rüf Stiftung approved its InnoBooster grant on 3 July 2024. In November 2025 the company closed a seed round that Empa and Tech.eu put at $5.7 million, led by Redstone VC; the CORDIS project summary gives the same round as €4.9 million. Empa said at the time that the company had 14 employees.
The Swiss commercial register matches that sequence. It records share capital of CHF 100,000 at founding, CHF 134,578 after a capital increase resolved on 28 December 2023 that created pre-seed preference shares, and CHF 178,677.68 after one resolved on 27 October 2025 that created seed preference shares. The same entries show Yaroslav Romanyuk leaving the board in January 2024, Pascal Stürchler joining it in November 2025, and an auditor appointed from January 2025. The register shows no insolvency, name change or deletion.
The register
Share capital rose with each funding round
Registered share capital of BTRY AG after each change filed in the commercial register: at founding, after the pre-seed round and after the seed round. Share capital is the nominal value of the shares, not the money raised.
Zefix, Swiss Official Gazette of Commerce entries of 2 May 2023, 10 January 2024 and 3 November 2025. Values in CHF.
Grant or blended finance
The winner table behind this series lists BTRY under blended finance, the EIC's mix of grant and equity. The company's own announcement of 16 June 2026 speaks only of €2.2 million in "non-dilutive grant funding", and CORDIS records only the grant. The EIC says 84% of the companies in the round are eligible for blended finance. BTRY does not appear on the EIC Fund's beneficiaries page as checked on 4 November 2026, and no EIC Fund investment has been announced, so whether an equity component will follow is not public.
What the EIC project promises
The CORDIS summary sets out the goal plainly: reach technology readiness level 8 and build "Europe's first thin-film solid-state battery factory" on a solvent-free, roll-to-roll process that uses equipment from the semiconductor industry, for devices in the Internet of Things, medical technology and consumer electronics. The company's EIC announcement adds a capacity of millions of batteries a year, without naming a site, a date or an investment figure. The summary also says BTRY has validated its process on four production platforms and holds commercial agreements with electronics companies, which it does not name.
The record
From an Empa laboratory to an EIC grant in three years
BTRY was registered in 2023 and has raised money in three steps before the EIC grant, which starts in October 2026.
- May 2023Company registeredBTRY AG entered in the Zurich commercial register, seated at Empa in Dübendorf, statutes dated 19 April 2023
- Jan 2024Pre-seed roundLed by High-Tech Gründerfonds with Zürcher KantonalbankCHF 900k
- Jul 2024InnoBoosterGebert Rüf Stiftung approves support for the one-minute battery, running September 2024 to April 2026CHF 150k
- Mar 2025BTRY 1S4PCompany announces a battery for smart cards, under 0.1 mm thick, with up to 50 mAh
- Nov 2025Seed roundLed by Redstone VC, to move from laboratory to roll-to-roll production$5.7M
- Apr 2026HERMES Startup AwardPresented at the opening of Hannover Messe
- Jun 2026EIC selectionNamed among 38 companies in the EIC Accelerator round announced on 15 June 2026
- Oct 2026EIC project startsGrant agreement 101329841 runs to 30 September 2028€2.26M
Zefix commercial register; chemeurope, 22 January 2024; Gebert Rüf Stiftung; BTRY, 12 March 2025; Empa via Newswise, 6 November 2025; Hannover Messe; European Innovation Council; CORDIS.
- Technology readiness level 8Project not startedThe CORDIS project runs from October 2026; no report exists yet.
- Thin-film battery factoryNo site namedThe company gives a capacity of millions of cells a year, but no location or timetable.
- Roll-to-roll productionFunded, not shownThe seed round was raised for the move to roll-to-roll, per Empa; no line has been shown in public.
- Customers and offtakeUnnamedPaid pilots per the Gebert Rüf Stiftung, smart-card makers testing per the company; none named.
Pilots, awards and an unnamed customer base
The commercial record is thin in public. The Gebert Rüf Stiftung's portfolio entry says BTRY demonstrated industrial fabrication, delivered first cells to customers and ran paid pilot engagements. The company said in March 2025 that smart-card manufacturers were testing the 1S4P and that prototypes in other formats were under evaluation in medical technology and wearables. When it won the >>venture>> Startup Challenge in June 2025, it said it was scaling from lab-scale cells to small series production. None of these sources names a customer.
The one named partner is InsightSilica, a semiconductor metrology company in Sunnyvale, California. A release of 24 September 2026, carried by IoT For All and listed on BTRY's news page, says the two will adapt and validate BTRY's batteries for semiconductor manufacturing environments. It discloses no value, duration or volume.
"The start-up BTRY has demonstrated the superiority of both its product performance and its production technology."
Holger Hanselka, President of the Fraunhofer Society and HERMES Award jury chair, Hannover Messe, April 2026The same Hannover Messe release quotes Hanselka saying BTRY is already negotiating with licensees, and Design Engineering also reported the award. A licensing route would sit alongside the factory the EIC project describes; neither BTRY nor the EIC has said how the two fit together.
Where it fits in European battery policy
The European Parliament's research service wrote in a January 2025 briefing that China accounts for more than 80% of the manufacturing capacity for battery cells, with the United States and the EU at around 5% each. The briefing deals with batteries for the transport and energy sectors. BTRY's announced smart-card cell holds up to 50 mAh and its target devices are labels, sensors, wearables and cards, so those capacity shares describe a different market from the one BTRY sells into. The project's own case is narrower: a European factory for a battery format made with semiconductor-style tools, which it describes as the first of its kind in Europe.
What the company says
A battery from 0.1 mm thick that charges in a minute and runs at 150 °C, validated on four production platforms, with commercial agreements in place and a factory for millions of cells a year to come.
What the record shows
A registered, active company with two equity rounds reflected in its share capital, a €2,260,125 grant in CORDIS starting October 2026, one named development partner and an industry award; no named customer, no published independent test and no factory site.
Verdict
BTRY has done the things a three-year-old hardware company can show: a seed round led by a specialist investor, a product with published specifications, and recognition from a Fraunhofer-chaired jury. The EIC money is for a production line, and the project only starts in October 2026. Until a customer, an offtake deal or a factory site is named, the case for the cells rests on the company's own figures.
The reporting is based on publicly available sources, listed below.
Sources
- CORDIS, BTRY project fact sheet, grant agreement 101329841
- European Innovation Council, 38 start-ups and SMEs secure EIC support, 15 June 2026
- BTRY, BTRY wins €2.2M EIC Accelerator grant, 16 June 2026
- EIC Fund, equity investment beneficiaries
- Zefix, BTRY AG, commercial register entries 2023 to 2025
- BTRY, company website and news
- BTRY, Announcing BTRY 1S4P, 12 March 2025
- BTRY, BTRY wins >>venture>> Startup Challenge, 24 June 2025
- chemeurope, BTRY raises CHF 900,000 in pre-seed funding, 22 January 2024
- Gebert Rüf Stiftung, BTRY project GRS-030/24
- Empa via Newswise, $5.7 million to industrialize ultra-thin solid-state batteries, 6 November 2025
- Tech.eu, BTRY closes $5.7M to industrialise ultra-thin solid-state cells, 6 November 2025
- Hannover Messe, HERMES Startup Award 2026 goes to Swiss startup BTRY
- Design Engineering, Schaeffler wins HERMES Award, BTRY wins Startup Award
- IoT For All, InsightSilica and BTRY collaborate on solid-state batteries for the semiconductor industry
- Ilika, Stereax solid-state batteries
- European Parliamentary Research Service, Powering the EU's future: Strengthening the battery industry, January 2025
Industry
EnergyEnergy storage
- Focus
- Battery cells and manufacturing
- Technologies
- Battery chemistry
- Thin films
- Keywords
- Solid-state batteries
- Internet of Things
- Wearables
- Semiconductor manufacturing
- Fast charging
- Smart cards