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24 04 2019 01

Skeleton Technologies of Estonia that specialises in ultracapacitor cells is ready to grow its production in Saxony, Germany. The startup promised to spend an extra 25 million euros and estimates this will increase the workforce tenfold.

Skeleton Technologies had opened the supercap factory in the town of Großröhrsdorf near Dresden in 2017, then investing 6.2m euros. Federal and state agencies bolstered the investment through the GRW programme for regional economic development, and the European Investment bank had helped as well reportedly.

Saxony has welcomed the new investment as well of course, and only this time Skeleton will fund the 25 million euro expansion alone and plans to expand research and development activities and to scale up production as well. Skeleton co-founder and CEO Taavi Madiberk noted in a press release that the company considers Tesla its biggest competitor in the field of supercapacitors and thus has to keep ahead. The EV maker has indeed attempted to get into the market in February this year.

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