Skeleton Technologies closed a €108M funding round  

Ellex in Estonia acted as legal advisor to a capital raising transaction as a result of which Skeleton Technologies, a technology leader in supercapacitor and energy storage, raised 108 million euros of equity investments from Siemens Financial Services (SFS), Marubeni Corporation and other investors. 

This funding will accelerate the development of next-generation products and finance the manufacturing expansion for supercapacitors and the company’s new high-power battery technology – the SuperBattery.

Skeleton Technologies’ CEO and Co-Founder Taavi Madiberk said: „Securing an investment from one of Europe’s largest tech companies is a significant milestone for Skeleton. In addition to SFS’ investment, Siemens is also a key partner, supplier, and customer. Their expertise in industrialisation and commercial partnerships will propel our growth and solidify our role in leading the energy transition.”

The companies have also partnered to automate and digitise Skeleton’s upcoming factory in Leipzig, Germany.

Ellex team who advised the deal included Partners Ermo Kosk and Antti Perli, Counsels Rutt Värk, Toomas Kasesalu, Jaanus Ikla and Gerd Laub, Senior Associates Hanna Pahk and Merlin Liis-Toomela and Lawyers Liis Tava and Karl Rudolf Org.

Skeleton Technologies is the global technology leader in supercapacitor energy storage in automotive, transportation, grid and industrial applications.