Under BatteryStorage’s STO plan, the minimum capital required (soft cap) is EUR 13.5 million, while the company’s maximum goal for capital raised (hard cap) is set at EUR 72 million.
The funds raised will be used to finance a 60 MW Li-ion energy storage solution in Glasgow, UK as well as licensing, cryptocurrency mining equipment, and other related capital expenditures and operating expenses.
At present, BatteryStorage is raising capital via the private BSO security token pre-sale.
The BatteryStorage team brings together the expertise of leading industry experts including Robert Miles, former head of commerce at British Gas;
Arvydas Kazlauskas, co-founder of Akv Energy;
Steven Bradley, co-founder of Vox Energy and Edison Energy;
and Jing Bai, investment director at Immersa.
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