Voltify, a startup working on technology to convert diesel trains into electric ones, has raised US$30 million in a Seed funding round.
The round was led by Aleph and Fortescue. Other investors included the Menomadin fund of Haim Taib, as well as Jimpact, The Dock, and individual investors like Yasmin Lukatz and Chemi Peres.
Voltify is building a solution that helps railway companies switch from diesel trains to electric ones without spending huge amounts on new infrastructure.
Its system is designed to cut energy costs by about 20% and also reduce pollution. The platform uses battery-powered trains, fast-charging technology, and a network of microgrids to supply power to the trains.
“Our goal is to reduce energy costs for railway companies, which currently spend about $11 billion annually on energy, mostly diesel,” said Langer. “Energy is their largest expense, accounting for roughly 20% of total costs. If they switch to electricity, that figure could drop to around $3 billion.”
“Our goal is to reduce energy costs for railway companies, which currently spend about $11 billion annually on energy, mostly diesel,” said Langer. “Energy is their largest expense, accounting for roughly 20% of total costs. If they switch to electricity, that figure could drop to around $3 billion.”
Founded in 2024 by CEO Dafna Langer and CTO Alon Kessel, Voltify has signed a paid pilot deal with one of the world’s largest railway operators, and the project is expected to start in the next few months.
The company is also seeing strong demand, with more orders coming in from regional rail operators in the United States. It plans to fully launch its platform later this year, including its trains, charging systems, and energy network.
Voltify believes its technology can cut more than 50 million tons of carbon emissions each year from rail operations within the next 10 years.
Its microgrid network can also help reduce the load on polluting power plants, especially during times of high electricity demand.
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