An interesting article on funding. It shows that the Europeans...

An interesting article on funding.

It shows that the Europeans are very serious when it comes to funding sustainable and affordable adaptive glass, and strengthens its commitment to lowering global energy consumption and greenhouse gas emissions.
Hopefully one day in the near term CPV will be a beneficary of this type of funding.


eLstar Dynamics Announces Two Million Euros in Series A FundingeLstar's latest round of funding will accelerate the commercialization of sustainable and affordable adaptive glass, and strengthen its commitment to lowering global energy consumption and greenhouse gas emissions.July 16, 2024 02:00 AM Eastern Daylight TimeEINDHOVEN, Netherlands--(BUSINESS WIRE)--eLstar Dynamics, a leading developer of dynamic glass, has secured a two-million-euro investment from the Dutch family office Panthea. The funds will help complete the development of eLstar’s dynamic glass product, designed to meet the booming demand for sustainable and energy-efficient solutions for buildings and vehicles.“We are excited to support eLstar in meeting its commercialization milestones, and look forward to witnessing the company’s commercial success and the environmental impact their products will have.”Post this“We have seen eLstar grow rapidly in the past couple of years and revolutionize the adaptive glass industry with its strong commitment to sustainable solutions across various industries,” says a spokesperson for Panthea. “We are excited to support eLstar in meeting its commercialization milestones, and look forward to witnessing the company’s commercial success and the environmental impact their products will have.”“We are grateful for the support of our newest investor,” said Anthony Slack, CEO of eLstar Dynamics. “With our commitment to developing sustainable solutions for the construction and automotive industries, we are well-positioned for continued growth and delivering the most sustainable adaptive glass solutions, optimized for climate-change adaptation and mitigation.”eLstar has raised a total of 13 million euros to date from Wafloma and Panthea BV, two Dutch family offices with strategic interests in eLstar’s sustainability-focused technology.Buildings are responsible for 39% of global energy-related carbon emissions (World Green Council). eLstar is fully committed to developing smart glass solutions for buildings and automotive that lower waste and achieve net zero emissions in the future.For more information, visit www.elstar-dynamics.com.eLstar Dynamics is a leading developer and provider of adaptive smart glass for a wide range of applications such as architecture, automotive and specialty markets. eLstar addresses the needs for attainable solutions by offering sustainable and affordable smart glass. By using existing manufacturing facilities, eLstar can produce smart glass with much lower energy and impact to the environment.ContactseLstar DynamicsAnthony Slack, [email protected]+31 40 7470123ELSTAR DYNAMICSRelease VersionsDutch EnglishMore NewsContactseLstar DynamicsAnthony Slack, [email protected]+31 40 7470123HomeServicesNewsEducationAbout UsLog InSign UpMore from Business WireBlogUK/IrelandDeutschlandFranceHong KongItalyJapanTradeshownews.comContact UsUK Tax StrategyPrivacy StatementManage CookiesTerms of Use© 2024 Business Wire



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