What is Skeleton Technologies?
Skeleton Technologies is recognized as a Global Cleantech 100 company, dedicated to developing and producing world-class energy storage technology. Their primary mission is to enable businesses to reduce CO2 emissions and conserve energy. The company collaborates with major global entities, including automotive and industrial equipment OEMs, truck fleet operators, and aerospace prime contractors. By providing advanced solutions, Skeleton Technologies actively contributes to decreasing carbon footprints, enhancing fuel efficiency, and promoting wider electrification efforts to combat climate change.
How much funding has Skeleton Technologies raised?
Skeleton Technologies has raised a total of $284.6M across 7 funding rounds:
Series A
$5.4M
Series B
$10.8M
Private Equity
$4.3M
Series C
$14.6M
Private Equity
$16M
Series D
$120M
Private Equity
$113.5M
Series A (2014): $5.4M with participation from Estonian venture
Series B (2015): $10.8M led by Harju Elekter Group
Private Equity (2016): $4.3M supported by KIC InnoEnergy
Series C (2016): $14.6M featuring UP Invest, Harju Elekter Group, and FirstFloor Capital
Private Equity (2017): $16M backed by European Investment Bank
Series D (2020): $120M with participation from Marubeni, Harju Elekter, EIT InnoEnergy, Adyen NV, MM Grupp, and FirstFloor Capital
Private Equity (2023): $113.5M led by Siemens Financial Services and Marubeni
Key Investors in Skeleton Technologies
Siemens Financial Services
Siemens Financial Services provides financial solutions and services to support Siemens' customers and partners in their business activities, often focusing on technology and infrastructure projects.
Marubeni
Marubeni Corporation is a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors, including energy and infrastructure.
EIT InnoEnergy
EIT InnoEnergy is part of the European Institute of Innovation and Technology, focused on increasing Europe's competitiveness and sustainable economic growth through innovation and entrepreneurship in the energy sector.
What's next for Skeleton Technologies?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for Skeleton Technologies. This influx of capital is expected to accelerate the company's research and development initiatives, expand its manufacturing capabilities, and broaden its market reach. With a focus on cleantech innovation, Skeleton Technologies is well-positioned to capitalize on the increasing global demand for sustainable energy solutions, further solidifying its leadership in the fast energy storage sector and driving significant environmental impact.
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