Skeleton Technologies brings in additional capital to close a total of €70 million equity in Round D financing
Summary
• None The close follows the announcement of €51 million in funding by Germany’s Federal Ministry for Economic Affairs and Energy (BMWi) and the Free State of Saxony announced in March 2021, bringing the total capital raised in the last twelve months to over €120 million for the company. the global technology leader in energy storage for automotive, industrial and grid stability applications, today announced the successful closing of a further €29 million in its Series D financing. The company is backed by leading industrial investors from Marubeni and InnoEnergy to the founders of Adyen. It is a great proof of trust generated by the good progress all these investors have seen over the last six months since becoming shareholders.” Whilst most of the energy industry focuses on incremental improvements of a generally similar li-ion battery technology, Skeleton has chosen to differentiate itself by focusing on materials technology, having created the patented Curved Graphene material. As the next step of our strategy, we aim at merging the long lifetime, fast charging supercapacitors and high energy, long-duration battery technology, to allow to offer a more competitive long range EV battery than currently on the market or in the development pipeline,” Madiberk explained.