Finland’s Filtrabit secures €2 million funding commitment to tackle particulate pollution in heavy industry

Oulu-based CleanTech firm Filtrabit has actually protected a EUR2 million financing dedication from Ajanta Innovations 2 Ky for its coming funding round.

The Finnish start-up strategies to make use of the resources to increase the implementation of its modular dirt removal innovation right into brand-new markets outside Finland, mainly, yet not solely, in the Nordics, Central Europe, and India.

Dr Kim Fagerlund, Chief Executive Officer of Filtrabit, claimed, ” The enhancing need for much better dirt control is driven not just by ecological policies yet additionally by functional and financial advantages accomplished by applying one of the most contemporary resources collection and reusing approaches readily available.

” Our innovation has actually currently been confirmed in technique in a number of applications in Finland and prepares to be carried out in procedures internationally.

” We are happy for the depend on of our investors and prepare to take the following actions on our growth and development course. This dedication plays a vital duty in our following round and allows us to effectively implement our method guidebook as prepared greater than a year earlier.”

Developed in 2011, Filtrabit makes industrial-scale dirt removal systems with a concentrate on resolving the dirt control troubles of market and enhancing air high quality inside and outside plants.

According to the firm, its option essences microparticles from commercial dust-laden gas streams, which helps in reducing air contaminants from commercial resources and speed up discharges decreases with the reuse of recouped resources.

Filtrabit uses dirt splitting up devices on an operating lease design. It additionally assists its customers create the essential hooding and ducting, with the assistance of its companions.

According to the firm’s site, the modular devices are serially made and mobile, making it possible for capability to be customized and retrofitted without calling for structure licenses. The firm specifies that setup can be finished in a solitary day when the essential ducting remains in location. The gadget can additionally be outfitted with many sensing units according to the client’s certain information demands. Its clients consist of steel mills, factories, quarries, in addition to mining and ore handling procedures.

In May this year, Filtrabit increased EUR2 million in funding for ongoing development. In June, Organization Finland granted it a EUR600k give to sustain item growth. In 2024, the firm protected EUR4 million in lease funding centers from the Finnish Environment Fund and a EUR5 million finance from Norion Financial institution.

The article Finland’s Filtrabit secures €2 million funding commitment to tackle particulate pollution in heavy industry showed up initially on EU-Startups.