Big news from our community! We’re excited to share that TheStorage, our valued member since October 2023, has successfully closed a €1 million funding round. 🎉 The investment, led by 2C Ventures (Hendrik Reimand) and Superhero Capital (Jussi Pyörre), will support TheStorage’s mission to decarbonise industrial heat with their innovative sand-based thermal energy storage system. This technology has the potential to significantly reduce greenhouse gas emissions in industrial processes by utilising renewable energy more effectively. A huge congratulations to the founding team — Olli Hannula, Timo Siukkola, Heikki Hannula, and Esko Kulju — on this achievement! This investment will allow them to develop a proof-of-concept system and continue their work with industrial partners to create more sustainable energy solutions. TheStorage is currently #hiring talent to further drive their mission of transforming the global industrial energy landscape. Situated within Tampere’s dynamic startup ecosystem, TheStorage has been engaged with Startup.Tampere and Platform6 Startup House as they advance their technology and contribute to the region’s innovation landscape. We’re proud to have TheStorage in our community and look forward to supporting them on their journey ahead! Read more in the press-release (1st comment).
Excellent news 👍 Sustainable business is an even more important segment for startups as well. Business Tampere Scaleup Launchpad program includes an interesting sustainable company, the Estonian UP Catalyst which produces graphite and carbon nanomaterials directly from CO₂ emissions. #scaleuplaunchpad #upcatalyst
Best of luck
Read the full press-release here: https://platform6.fi/thestorage-secures-e1-million-investment-to-decarbonise-industrial-heat/