Ellex Raidla has advised energy storage technology company Skeleton Technologies on its EUR 108 million round with equity investors Siemens Financial Services and the Marubeni Corporation, among others.
According to the firm, Skeleton Technologies is the global technology leader in supercapacitor energy storage in automotive, transportation, grid, and industrial applications. "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," Ellex reported. The companies have also partnered to automate and digitize Skeleton’s upcoming factory in Leipzig, Germany.
"Securing an investment from one of Europe’s largest tech companies is a significant milestone for Skeleton," Skeleton Technologies CEO and Co-Founder Taavi Madiberk commented. "In addition to SFS’ investment, Siemens is also a key partner, supplier, and customer. Their expertise in industrialization and commercial partnerships will propel our growth and solidify our role in leading the energy transition."
The Ellex team included Partners Ermo Kosk and Antti Perli, Counsels Rutt Vark, Toomas Kasesalu, Jaanus Ikla, and Gerd Laub, Senior Associates Hanna Pahk and Merlin Liis-Toomela, and Lawyers Liis Tava and Karl Rudolf Org.
The firm did not respond to our inquiry on the matter.
