Skeleton Technologies Group raises EUR 41.3 million in equity from investors

Ellex in Estonia advised Skeleton Technologies Group in a EUR 41.3 million funding round.

Skeleton Technologies, a European market leader for ultracapacitors and energy storage systems, raised EUR 41.3 million in equity from investors. This is among the top five investments in Europe’s green technology sector this year.

Skeleton Technologies Group OÜ was advised by Partner Ermo Kosk and Senior Associate Sandra Värk.

Skeleton, headquartered in Tallinn, manufactures ultracapacitors. Its manufacturing facilities are located in Germany.

Ultracapacitors, sometimes called supercapacitors, are high-capacity devices which store electrical energy in an electric field. They have a capacitance value much higher than other capacitors, but with lower voltage limits, and bridge the gap between electrolytic capacitors and rechargeable batteries.