Skeleton Applied sciences raises $48.5 million to develop the aggressive benefit of ultracapacitors

Ultracapacitor producer Skeleton Technologies has introduced the completion of a €41.3-million financing spherical. All the corporate’s present traders participated within the fairness elevate, and had been joined by European entrepreneurs and worldwide traders. 

Skeleton CEO Taavi Madiberk mentioned, “The roadmap to zero emissions wants innovation and a mixture of enabling applied sciences. Ultracapacitors are a key enabler for decreasing emissions—we’re not competing with lithium-ion batteries and hydrogen gasoline cells; we’re complementary in bettering efficiency and decreasing price.”

He continued, “Our ultracapacitors have 4 occasions the facility density of Tesla’s. The clear aggressive benefit will not be solely confirmed by our blue-chip buyer base starting from German automotive to main truck OEMs, grid integrators and the European House Company, but in addition by an unbiased examine backed by the US Workplace of Naval Analysis, and we now have a transparent roadmap to additional improve our aggressive benefit and improve each the vitality and energy density of our merchandise.”  

EIT InnoEnergy CEO Diego Pavia added, “The inexperienced transformation of Europe’s economic system is unthinkable with out revolutionary vitality storage options. Due to this fact, it’s of utmost strategic significance to assist construct European champions on this enviornment. Skeleton, with its world-leading and broadly relevant ultracapacitor know-how, has all it takes to turn into one other a kind of European champions, and we’re proud to proceed and prolong our help for them.”  

Supply: Skeleton Technologies