Estonia-based GaltTec, which develops micro-tubular fuel cells for portable and off-grid power solutions, has raised €1 million in a pre-seed funding round led by 2C Ventures to advance its technology further.
- Founded in 2022 by Laura Elise Arvisto, Glen Kelp, and Tanel Tätte, GaltTec develops and markets microtubular solid oxide fuel cells (MT-SOFCs) based on proprietary technology.
- The fuel cells provide high power density, durability, and flexibility, making them ideal for drones, IoT devices, off-grid equipment, and space applications.
- GaltTec's fuel cells leverage a microtubular design to maximize efficiency, enable faster startup times, and enhance thermal and mechanical stress resilience. Their modular, scalable solutions provide reliable, long-lasting power for remote and demanding environments, offering a superior alternative to conventional batteries.
- The startup has partnered with leading drone manufacturers, such as Skycorp Technologies, a European pioneer in hydrogen-powered drones, demonstrating the technology's real-world potential.
Details of the deal
- The pre-seed funding round was led by 2C Ventures, an Estonia-based investment firm focused on climate change and cleantech projects across Estonia, the Baltic Sea region, and the Nordics. In January 2024, 2C Ventures launched a €50 million fund to drive cleantech innovation in these regions. The round also included contributions from private investors and grants.
"GaltTec’s fuel cell technology has the potential to redefine how we power drones and IoT devices, offering a sustainable alternative to traditional batteries and fossil fuels. We believe their innovation is a game-changer for cleantech and energy resilience, and we’re excited to support their journey as they scale and expand into global markets," claims Martin Koppel, Partner at 2C Ventures.
- The funds will accelerate the development of GaltTec's fuel cell technology, improve efficiency, and support expansion into global markets.
"This investment allows us to accelerate the development of our next-generation fuel cell technology, bringing us closer to delivering lightweight, high-efficiency power solutions for drones and off-grid devices," CEO and co-founder of GaltTec, Glen Kelp, commented.
