Planckian Raises Over € 2.7 Million to Develop Quantum Batteries

Insider Brief

• Planckian announced it raised over € 2.7 million in pre-seed funding.
• Eureka! Venture led the round, with the participation of CDP Venture, Exor Ventures and strategic angel investors.
• The company explains that quantum batteries  harness quantum mechanics to manage energy in a more efficient way.

PRESS RELEASE — Planckian, the world’s first company committed to developing quantum batteries, is announcing today it raised over € 2.7 million in pre-seed funding in a round led by Eureka! Venture, with the participation of CDP Venture, Exor Ventures and strategic angel investors.

Planckian is the first joint spin-off of the University of Pisa and Scuola Normale Superiore (Italy). Company scientific efforts are led by Marco Polini and Vittorio Giovannetti, experts in condensed matter and quantum information theory.

In the last decade, progress in quantum physics has led to new initiatives exploring whether quantum effects can be exploited in new technology domains besides computing, sensing and communication.

Quantum batteries are a new class of devices that harness quantum mechanics to manage energy in a revolutionary and more efficient way. Planckian’s scientific leadership has pioneered breakthroughs in this field, starting from the first fundamental design of a solid-state energy technology ruled by quantum mechanics.

Stemming from these results and combining unique expertise in materials science and quantum information, the company is on a mission to push the boundaries of quantum technology into new realms by developing innovative technologies for energy management purely relying on qubit-based architectures.

Qubits are at the foundation of current quantum technologies. They identify particles and physical systems, such as atoms, with two distinct states that display peculiar characteristics arising from their quantum-mechanical nature. Qubit states are usually associated with different energy levels, a low-energy level and a high-energy level.

In Planckian’s architecture, quantum effects can be harnessed so that qubits can reach their high-energy levels “collectively” and in a timespan that decreases as their number and, consequently, the energy to manage increases. Its development paves the way for future creation and adoption of breakthrough and sustainable energy technologies with unbeatable performance, being ruled by quantum mechanics rather than classical principles, such as electrochemistry.

“Interest in the new frontiers of quantum physics, particularly in the field of so-called quantum thermodynamics, and the study of unconventional properties of quantum materials, has never been so strong. We believe the time has come to develop new technologies for energy management that can exploit the unique properties of quantum mechanics,” said Marco Polini (CSO and Co-founder) and Vittorio Giovannetti (Executive Scientific Advisor and Co-founder). “We consider this a challenging and ambitious endeavor, for which we are pleased to benefit from the support of a global community of scientists and innovators”.

“Planckian’s pioneering effort can lead to a new chapter in the quantum revolution” – commented Michele Dallari (CEO and Co-founder) – “Thanks to the partnership and support of outstanding investors who share the same vision and ambition, we can accelerate our ongoing efforts centered around breaking new ground in energy management and advancing quantum technologies.  We are excited about the scientific and revolutionary journey ahead!”

Investor’s quote:

Anna Amati and Massimo Gentili, Partners at Eureka! Fund: “Planckian is working towards a new approach in artificial atoms manipulation that combine in a fascinating way quantum mechanics with the latest progress in the fields of thermodynamics. With its recognized scientific excellence and expertise in deep technologies, Planckian’s leadership is uniquely positioned to bring significative advancements in quantum technologies”.

Claudia Pingue, Head of the Technology Transfer fund at CDP Venture Capital SGR: “With Tech4Planet, the Italian Technology Transfer Hub entirely dedicated to fund the best idea in the field of environmental sustainability, we aim to stimulate researchers to transform their insights into successful startups. Planckian is a unique initiative: a team of scientists with an international background who are developing a new technological paradigm that combines efficient energy management with new methods for handling physical systems underlying current quantum technologies”.