Graphene supercaps developer Skeleton Technologies raises 41 million Euro as market heats up

Estonian graphene supercapacitors developer Skeleton Technologies has raised €41.3 million ($48.5 million) in Series D financing round, bringing its total capital raised to over €93 million ($109 million).

This investment will further accelerate Skeleton's growth, after just 2 months ago, the Company signed a €1 billion letter of intent with a leading automotive manufacturer to bring the technology to market.

Skeleton’s products are already on the market and, despite COVID-19, the company will reportedly see three-fold revenue growth for the second year in a row.

Taavi Madiberk, CEO and co-founder of Skeleton Technologies, stated: “The momentum for energy transition and decarbonization of the economy is stronger than ever... We have the right products to capture a dominant market share in the ultracapacitor industry globally.”

As the global supercapacitors market is growing, interest in graphene-based supercapacitors is attracting major attention as well. Graphene-Info's Graphene Supercapacitors report will keep you informed and up-to-date on all you need to know about this technology. Click here to purchase.

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