EIT InnoEnergy home page News & events Skeleton Technologies raises €41.3 million in equity round from top European entrepreneurs

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06 November 2020

Skeleton Technologies raises €41.3 million in equity round from top European entrepreneurs

Skeleton Technologies, the largest European manufacturer of ultracapacitor-based energy storage, has raised €41.3 million in Series D financing round, bringing its total capital raised to over €93 million. This investment is in the top five funding rounds for the cleantech sector in the EU this yearand will further accelerate Skeleton's growth. UBS acted as a financial advisor to the company. All existing investors participated in the equity raise and were joined by notable European entrepreneurs and international investors. 

Taavi Madiberk, CEO and co-founder of Skeleton Technologies:

Diego Pavia, CEO of EIT InnoEnergy:

Three-fold revenue growth despite COVID-19

New investors onboard

A complementary solution to Li-ion batteries

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