What is Skeleton Technologies?
Recognized as a Global Cleantech 100 entity, Skeleton Technologies is a preeminent leader in the development and manufacturing of advanced energy storage technology. The company specializes in high-power, fast-charging solutions designed to facilitate the global shift toward electrification. By partnering with major automotive OEMs, truck fleet operators, and aerospace contractors, Skeleton Technologies provides the essential infrastructure required to reduce CO2 emissions and optimize energy efficiency. Their market position is defined by a commitment to fighting climate change through technological innovation, enabling industrial clients to transition away from carbon-intensive processes while maintaining operational excellence.
How much funding has Skeleton Technologies raised?
Skeleton Technologies has raised a total of $322.9M across 8 funding rounds:
Series A
$5.4M
Series B
$10.8M
Private Equity
$4.3M
Series C
$14.6M
Private Equity
$16M
Series D
$120M
Private Equity
$113.5M
Other Financing Round
$38.3M
Series A (2014): $5.4M with participation from Estonian venture
Series B (2015): $10.8M led by Harju Elekter Group
Private Equity (2016): $4.3M supported by KIC InnoEnergy
Series C (2016): $14.6M featuring FirstFloor Capital, UP Invest, and Harju Elekter Group
Private Equity (2017): $16M backed by European Investment Bank
Series D (2020): $120M with participation from FirstFloor Capital, Adyen NV, MM Grupp, Marubeni, EIT InnoEnergy, and Harju Elekter
Private Equity (2023): $113.5M led by Siemens Financial Services and Marubeni
Other Financing Round (2026): $38.3M supported by Taiwania Capital, SmartCap Technologies, and Axon Partners Group
Key Investors in Skeleton Technologies
Marubeni
Marubeni Corporation is a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors, including energy, infrastructure, and industrial machinery.
KIC InnoEnergy
EIT InnoEnergy is a European institute focused on powering innovation and entrepreneurship by creating environments for sustainable economic growth and technological advancement.
Harju Elekter Group
Harju Elekter is an international industrial group with over five decades of experience in providing innovative and energy-efficient electrical distribution solutions for infrastructure and commercial sectors.
What's next for Skeleton Technologies?
With the successful closure of this latest financing round, Skeleton Technologies is well-positioned to accelerate its manufacturing capabilities and deepen its R&D initiatives. The strategic focus remains on scaling production to support the electrification of heavy-duty transport and grid-scale energy storage. By leveraging this capital, the company aims to further integrate its technology into global supply chains, effectively bridging the gap between current industrial energy demands and a sustainable, low-carbon future. The firm's trajectory suggests a continued emphasis on high-growth markets where energy density and rapid discharge capabilities are paramount.
See full Skeleton Technologies company page
