Italvolt
Italvolt S.p.A. was an Italian company founded in 2019 to construct Italy's first lithium-ion battery Gigafactory. The entity has entered formal insolvency proceedings under Italian law with all operational activities suspended.
- Company typePrivate
- Founded2019
- HeadquartersMilan, Italy
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Italvolt firmographics
Firmographics- Name
- Italvolt
- Legal name
- Italvolt S.p.A.
- Website
- https://italvolt.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Closed
- Headcount range
- 51–100 employees
- Short description
- Italvolt S.p.A. was an Italian company founded in 2019 to construct Italy's first lithium-ion battery Gigafactory. The entity has entered formal insolvency proceedings under Italian law with all operational activities suspended.
- Ownership category
- akta.pro rank
Italvolt industry classification
Industry- Product category
- Battery Cell Manufacturing
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Battery Cell Manufacturing (EV) (IMACACAB)
- akta.pro secondary industries
- Battery Pack Manufacturing & Module Assembly (EUAFABAI), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Manufacturing Equipment & Gigafactory Automation (Coating, Calendering, Stacking/Winding) (EUAFABAM)
Keywords
Where Italvolt is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Markets served
Italvolt business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Technology or R&D, Personnel
Italvolt product offering
Product offeringCore offering
Italvolt S.p.A. was constructing Italy's first "Gigafactory" — a cutting-edge, large-scale battery cell manufacturing facility. The company's intended product was battery cells for the electric vehicle and energy storage value chains. Per the company's current official notice, all operational activities have been suspended under formal Italian insolvency proceedings and no products or services are offered.
Differentiator
Problem solved
Functional benefit
Products and services
- Italy's first Gigafactory (battery cell production facility) A cutting-edge, large-scale battery cell manufacturing facility intended for the electric-vehicle and energy-storage value chains. Per the company's current official notice, all operational activities have been suspended under formal Italian insolvency proceedings (procedura concorsuale) and no products, services, or commitments are offered or maintained.
Companies that use Italvolt
Customer profileIdeal customer profiles1 record
Italvolt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Italvolt competitors and assessment
Company assessmentEmerging players
- FREYR Battery: Norway-headquartered battery cell developer with European gigafactory plans. Similar stage and scale profile to Italvolt, comparable technology roadmap and customer-development challenges.
- SVOLT: Chinese cell manufacturer with European gigafactory footprint in Germany. Comparable as a foreign cell producer localizing into Europe, and a potential strategic acquirer of Italian assets.
- Morrow Batteries: Norway-based battery cell startup building a gigafactory in Arendal. Comparable emerging European cell manufacturer with similar greenfield execution challenges to Italvolt.
Broad incumbents
- CATL: World's largest battery cell manufacturer with European joint ventures. Sets the competitive benchmark for European cell production and is the most likely Asian incumbent to absorb stranded European gigafactory projects.
Direct peers
- Verkor: French battery cell manufacturer developing a gigafactory in Dunkirk with Renault offtake. Competes with Italvolt for European OEM cell supply and EU policy support.
- PowerCo (Volkswagen): Volkswagen's battery subsidiary building multiple European gigafactories. A direct competitor for European cell demand and the kind of strategic OEM-backed player Italvolt would have needed to partner with to succeed.
- ACC (Automotive Cells Company): Joint venture of Stellantis, Mercedes-Benz, and TotalEnergies building European EV battery gigafactories. Directly comparable as a European cell manufacturer with auto-OEM offtake backing, and a natural alternative outcome for the demand Italvolt was targeting.
- Northvolt: Swedish battery cell manufacturer that also pursued European gigafactory ambitions and filed for Chapter 11 in 2024. The closest structural parallel to Italvolt in terms of European greenfield cell production at scale.
- Britishvolt: UK battery startup that entered administration in 2023 before its Blyth gigafactory was completed. The most direct cautionary precedent for Italvolt's failure mode and a structural twin in the European gigafactory cohort.
- AESC (Envision AESC): Global battery cell manufacturer with European gigafactory plans (Spain, UK, France). Comparable as a non-OEM-backed cell maker building European capacity, and a potential acquirer of Italvolt residual assets.
Market position
Customer concentration
Italvolt social profiles
Digital presenceItalvolt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Italvolt leadership team
Management profileNumber of profiles
Italvolt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Italvolt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Italvolt
What does Italvolt do?
Italvolt S.p.A. was constructing Italy's first "Gigafactory" — a cutting-edge, large-scale battery cell manufacturing facility. The company's intended product was battery cells for the electric vehicle and energy storage value chains. Per the company's current official notice, all operational activities have been suspended under formal Italian insolvency proceedings and no products or services are offered.
Is Italvolt a public or private company?
Italvolt is a private company. It is classified as unknown and is currently closed.
When was Italvolt founded?
Italvolt was founded in 2019. It employs 51 to 100 people.
Where is Italvolt based?
Italvolt is headquartered in Milan, Italy, in the Europe region.
Who are Italvolt's main competitors?
Emerging players on record are FREYR Battery, SVOLT and Morrow Batteries. CATL is listed as a broad incumbent. Direct peers are Verkor, PowerCo (Volkswagen), ACC (Automotive Cells Company), Northvolt, Britishvolt and AESC (Envision AESC).
Does Italvolt have an API?
No public API is recorded for Italvolt.
What industry is Italvolt in?
Italvolt's product category is Battery Cell Manufacturing. Its primary akta.pro industry code is IMACACAB, Battery Cell Manufacturing (EV), with a secondary code of EUAFABAI, Battery Pack Manufacturing & Module Assembly. Its NAICS code is 33591 and its SIC code is 3620.