Compular Receives €5.3M in Blended Funding from EIC Accelerator Horizon Europe with support from GAEU Consulting

Compular Receives €5.3 Million in Blended Funding from EIC Accelerator Horizon Europe with support from GAEU Consulting

Compular is proud to announce the receipt of a prestigious funding package worth €5.3 million from the European Innovation Council (EIC) Accelerator, part of the Horizon Europe program. This significant financial boost is aimed at digitizing material development, with a particular focus on the battery industry, marking a pivotal step in Compular’s journey towards the market.

Compular’s cutting-edge software stands at the forefront of material innovation, offering unparalleled simulation and analysis capabilities. These tools allow for the prediction of material properties, leveraging intuitive design principles, state-of-the-art methods, and high user flexibility. Historically confined to the realms of academic research, Compular’s technology is now set to democratize computational chemistry, making it accessible to a broader audience. This transition not only catapults material development into the digital era but also promises to significantly expedite the development of new, more efficient batteries. Such advancements are crucial for accelerating the green transition, both in Europe and globally.

Rasmus Andersson, CEO of Compular, comments: ”This funding is not just a financial boost—it’s a vote of confidence in our vision and technology. It empowers us to push the boundaries of applied materials science, driving significant advancements in the pace of battery research and development. With this funding we can expand from the niche of electrolyte optimization to full battery design and eventually beyond the battery space, making our solutions more valuable for more companies. This is an exciting time for Compular and the wider industry, as we work together to meet the urgent demands of the green transition.”

Tomasz Wasik, CEO GAEU Horizon Centre of Excellence, comments: “Assisting Compular in securing this EIC Accelerator funding has been a privilege. This achievement is a testament to the innovative strength and potential of Compular’s technology. We are thrilled to support their journey towards revolutionizing the battery industry and contributing to a more sustainable future.”

This investment marks a critical milestone for Compular and the material development sector. By harnessing the power of digital technology, Compular is set to make significant contributions to the green transition, underscoring the company’s commitment to innovation and sustainability.