SolidWatts funding news – Pully-based SolidWatts Secures €850k in a Pre-Seed Funding

This funding marks a significant milestone in their mission to revolutionize industrial heating processes and drive sustainability in global industries.

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The capital infusion will enable it to accelerate its product development towards Megawatt power levels to meet the growing demand for more efficient and less polluting forms of large-scale industrial heating.

Dr. Markus Aicheler, CEO of SolidWatts said, “This investment empowers SolidWatts to accelerate the development and deployment of our technology, helping industries significantly reduce their reliance on fossil fuels and slash CO2 emissions, Industrial heating processes account for 20% of global energy demand and 10% of worldwide CO2 emissions, producing 3.6 billion tonnes annually. Electrifying even 1% of these processes using SolidWatts’ Radio Frequency technology could eliminate 36 million tonnes of CO2 each year - the equivalent of removing 7.8 million cars from the road. "

In the coming months, the company aims to recruit specialist engineering and business talent, and strengthen partnerships with key industry players to broaden market reach and accelerate the transition to clean, electrified industrial processes.

About SolidWatts

SolidWatts was founded in 2022, aiming to revolutionize industrial heating processes with state-of-the-art solid-state Radio Frequency technology. Offering unprecedented efficiency its products enable industries to transition from fossil fuels to clean energy solutions, contributing to a greener planet