Tartu-based GaltTec OÜ, a DeepTech start-up creating micro-tubular strong oxide gas cells (mSOFCs) for mobile and off-grid power services, has actually effectively shut its EUR1 million pre-Seed financing round.
The round was led by 2C Ventures, sustained by DefCAP OÜ, Bitsick OÜ and ModulEnergy OÜ. This financial investment matches public give financing from the Estonian Company and Advancement Firm, the European Room Firm Company Incubation Facility, the Estonian Ministry of Protection, the State Shared Solution Centre, and the NATO DIANA accelerator program.
The financial investment will certainly increase the business’s objective to supply light-weight, lasting power services for drones and IoT gadgets, lowering dependence on traditional batteries.
“ This financial investment enables us to increase the advancement of our next-generation gas cell modern technology, bringing us closer to providing light-weight, high-efficiency power services for drones and off-grid gadgets,” claimed Glen Kelp, Chief Executive Officer and Founder of GaltTec.
Established In 2022 by Glen Kelp, Laura Elise Arvisto, and Tanel Tätte, GaltTec is introducing gas cell modern technology to fulfill the expanding need for light-weight, lasting, and extremely effective power services.
The business’s gas cells are developed to considerably prolong functional endurance for drones and IoT gadgets, making them a game-changer for markets that rely upon lasting, mobile source of power.
GaltTec currently companions with drone makers, consisting of Skycorp Technologies, a European leader in hydrogen-powered drones, showcasing the real-world possibility of its modern technology.
“ GaltTec’s gas cell modern technology has the possible to redefine just how we power drones and IoT gadgets, supplying a lasting choice to typical batteries and nonrenewable fuel sources,” claimed Martin Koppel, Companion at 2C Ventures. “ Our team believe their advancement is a game-changer for CleanTech and power durability, and we’re thrilled to sustain their trip as they scale and increase right into worldwide markets“
GaltTec’s dual-use approach places its gas cells as a possible option for both business and protection industries.
In 2024, the business ended up being the initial Estonian start-up to sign up with the NATO DIANA accelerator program, which sustains DeepTech firms adding to nationwide safety and protection. In addition, GaltTec has actually authorized a collaboration contract with the Estonian Protection Forces to check ethanol-based gas cells, even more strengthening the calculated possibility of its modern technology.
With solid support from both exclusive and public industries, GaltTec is well-positioned to scale its modern technology, increase right into brand-new markets, and drive the future of lasting power services for drones, IoT gadgets, and past.
The article GaltTec secures €1 million to power drones and IoT devices with next-generation fuel cells showed up initially on EU-Startups.
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