eLstar Dynamics Announces Two Million Euros in Series A Funding
Summary
eLstars latest round of funding will accelerate the commercialization of sustainable and affordable adaptive glass, and strengthen its commitment to lowering global energy consumption and greenhouse gas emissions.EINDHOVEN, Netherlands, July 16, 2024--(BUSINESS WIRE)--eLstar Dynamics, a leading developer of dynamic glass, has secured a two-million-euro investment from the Dutch family office Panthea. The funds will help complete the development of eLstars dynamic glass product, designed to meet the booming demand for sustainable and energy-efficient solutions for buildings and vehicles. "eLstar has raised a total of 13 million euros to date from Wafloma and Panthea BV, two Dutch family offices with strategic interests in eLstars sustainability-focused technology.Buildings are responsible for 39% of global energy-related carbon emissions (World Green Council). eLstar is fully committed to developing smart glass solutions for buildings and automotive that lower waste and achieve net zero emissions in the future.eLstar Dynamics is a leading developer and provider of adaptive smart glass for a wide range of applications such as architecture, automotive and specialty markets. By using existing manufacturing facilities, eLstar can produce smart glass with much lower energy and impact to the environment.