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Estonian Battery Maker Skeleton Gets Cash to Ramp Up German Production

  • Skeleton gains $42 million to bring supercapacitors to market
  • Company to seek more funding within 18 months, mulls IPO
Skeleton Technologies’s production facility in Grossrohsdorf, Germany.

Skeleton Technologies’s production facility in Grossrohsdorf, Germany.

Source: Skeleton Technologies
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Estonian battery developer Skeleton Technologies will boost production in Germany after raising 37.6 million euros ($42 million) in its latest financing round. 

Skeleton has so far raised 200 million euros for its high-efficiency supercapacitors, energy storage devices that can be charged in a few seconds and recharged almost endlessly.