![]() Their early investment in us in September 2018 has literally laid a founding stone for the company. “ The Butterfly team was the first to believe in Geyser. Remarkable growth is driven by several factors such as increasing demand for renewable energy solutions, the use of supercapacitors in trains and aircraft as well as demand for regenerative braking systems in hybrid and electric vehicles. Researchers estimate that the market size will reach €3-5 billion by 2025. The supercapacitor market is currently valued at €700 million, and it has a compound annual growth rate of 22 %. Geyser Batteries can be used in multiple industries, from heavy machinery to power grids and transportation. The batteries are manufactured from common materials and water-based electrolytes, and they do not contain any toxic nor flammable materials. They charge to full only in seconds every time and remain operational from -60 to +85 ˚C.Besides being extremely powerful and long-lasting, Geyser Batteries are environmentally friendly and carbon neutral. ![]() While li-ion batteries last thousands of cycles, Geyser Batteries are capable of charging millions of times. Geyser Batteries produces the world’s most sustainable high-performance batteries. Revonte’s e-bikes are supposed to arrive in stores in 2021. Revonte raised a seed round very fast after the pre-seed, and closed a €1.8 million financing round (led by Maki.vc) in Q3/2019. With the help of the investment, the company is going to start mass production of Revonte ONE drive system in 2020. We are also very impressed how much Revonte has been able to reach and deliver with the limited resources they have – they have outperformed many bigger players.” – Juho Risku, Partner and Co-founder of Butterfly Venturesīutterfly Ventures invested in Revonte in Q1/2019. The fact that market is sizeable in billions and clearly underserved (both in terms of service as well as product features) meant a lot as well. The founders handled investor relations extremely well and it was obvious that they’re super smart and experienced serial startup entrepreneurs. “The founding team of Revonte was one of the major reasons why we decided to invest in the company. In September 2019, Revonte ONE was published in Eurobike Fair, which is the second-largest cycling trade show in the world. Because Revonte has software at the core of its product, it has been able to move extremely fast in its product design. Revonte was founded in 2018 in Tampere, with a mission to create a smart and fully customizable drive system. Revonte’s founders had been in the e-bike industry for years when they realized how inadequately customizable the bikes were. Our cooperation has always been easy and communication fast.” – Otto Chrons, CEO of Revonte Monthly meetings with Butterfly Ventures helped us to maintain a clear focus and emphasize relevant matters. Butterfly Ventures had an important role during our follow-on funding: they introduced us to new investors and advised us regarding different investor materials. ![]() The funding has also helped us to recruit great people and assemble an outstanding team. Without proper funding, we would not have been able to deliver a finished product to the most important event of this industry, Eurobike Fair, in September. “ The funding from Butterfly Ventures enabled us to develop Revonte ONE e-bike drive system with a very fast schedule. European Cyclist Federation (ECF) has estimated that over 150 million e-bikes will be sold in the EU during the next 11 years. The e-bike market is growing fast: it was valued at €13 billion in 2018 and is expected to reach nearly €24 billion by 2025. With its competitive and fresh approach, Revonte aims to become a major system operator in the e-bike industry. Additionally, Revonte has opened its service APIs to external developers to integrate with and build upon existing products. The core of the product is in the software, which enables unprecedented customization opportunities and value-added services for the bike manufacturers. ![]() Unlike competitors’ products, Revonte’s engine can be installed on any e-bike model. Revonte ONE includes automatic gearing, Linux-based controller, efficient battery, and mobile application. ![]() Revonte reforms the e-bike industry by providing the best-in-class software centric drive system with sensational user experience. ![]()
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