Skeleton Technologies, Europe’s leading ultracapacitor manufacturer, has received €13 million in new investment led by FirstFloor Capital, a Malaysian venture capital investment firm specialising in funding high-growth technology companies.

The Round C investment, which also includes existing Skeleton Technologies’ investors UP Invest and Harju Elekter, brings total financing to €26.7 million and will support Skeleton Technologies in its next phase of revenue ramp-up to bring graphene ultracapacitors from high-end sectors to the mass market, while moving higher up the value chain with turnkey energy storage solutions.

Ultracapacitors are high-power energy storage devices with more than 100 times increased power density across more than a million life-cycles, compared to the best battery technologies. Skeleton Technologies’ devices are the only ultracapacitors to use a patented graphene-based material in their manufacture, allowing them to deliver twice the energy density and five times the power density of their competitors.

FirstFloor Capital Principal and Executive Director Fahmi Hamzah said Skeleton Technologies’ rapid realisation of its business development goals showed it was suitable for inclusion in FirstFloor’s high-growth technology portfolio. 

 

About Skeleton Technologies www.skeletontech.com

About FirstFloor Capital www.firstfloorcapital.com

 

News by Skeleton Technologies GmbH