eLstar Dynamics, an Eindhoven, the Netherlands-based developer of dynamic glass, raised €2M in Series A funding.
The Dutch family office Panthea made the investment.
The company intends to use the funds to complete the development of its product, designed to meet the demand for sustainable and energy-efficient solutions for buildings and vehicles.
Led by CEO Anthony Slack, eLstar Dynamics is a developer and provider of adaptive smart glass for a wide range of applications such as architecture, automotive and specialty markets. By using existing manufacturing facilities, it can produce smart glass with much lower energy and impact to the environment.
The company has raised a total of €13M to date.
Commenting on the news, Anthony Slack said: “With our commitment to developing sustainable solutions for the construction and automotive industries, we are well-positioned for continued growth and delivering the most sustainable adaptive glass solutions, optimized for climate-change adaptation and mitigation.”
FinSMEs
16/07/2024