Germany’s Telura Raises €4M To Launch Electric Impulse Drilling For Geothermal Energy

The round was led by Nucleus Ventures, with participation from Possible Ventures and First Momentum. Alongside the funding, Telura has signed a validation agreement with Leipzig-based innovation agency SPRIND, setting the stage for its market entry in 2026.

Founded in 2025 by Philipp Engelkamp and Andrew Welling, Telura is pioneering electric impulse drilling technology, which uses high-voltage pulses to fracture rock from the inside rather than traditional grinding methods. The company says this technique allows faster and more cost-effective access to geothermal energy.

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“Intermittent renewables and fossil fuels alone won’t be enough to fill this gap in time. Powering the next era requires a 24/7 supply of reliable baseload power directly tapped into the grid,” said co-founder and CEO of Telua, Philipp Engelkamp.

Telura highlights that Europe faces an urgent energy challenge. With the rise of AI and electrification driving electricity demand and efforts to reduce reliance on imports growing to strengthen resilience against geopolitical risks Europe’s industrial competitiveness is increasingly at stake. The company warns that without accelerated action, energy reserve margins could be depleted as early as 2029.

“Philipp and Andrew bring the rare combination of relentless execution and technical depth needed to solve deep geothermal’s core engineering challenge at unprecedented speed. Their approach to drilling without mechanical wear will unlock unlimited baseload green energy almost anywhere on Earth, finally taking geothermal from a niche resource to a scalable solution,” says Dr Maximilian Ochs, Investment Manager, First Momentum.

Telura’s co-Founder and CTO, Andrew Welling, said, “Electric impulse drilling offers the most direct and scalable path to industrialising next-generation geothermal since the technology is already proven.” What remains is an engineering challenge: turning that scientific foundation into a system that runs reliably and economically in the field.“

About Telura

Telura is a deep-tech company developing electric impulse drilling to make geothermal energy widely accessible. Leveraging over 20 years of research its technology breaks rock from within for faster, cost-efficient access to heat. Telura’s mission is to deliver secure, emission-free energy and support energy sovereignty.