ReVolt Technology, a Norway-based developer of rechargeable batteries backed by German energy company RWE’s corporate venturing unit, has filed for bankruptcy.

In May last year it had extended its series B round by €2m ($2.9m) from undisclosed investors but last month said it would file for bankruptcy unless it found a buyer or further investors.

The company has also gained €21m in grants, loans, tax credits, subsidized loans and other financing incentives to take its total raised since launch to…

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