eLstar Dynamics Announces Two Million Euros in Series A Funding

Audio By Carbonatix

EINDHOVEN, Netherlands--(BUSINESS WIRE)--Jul 16, 2024--

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 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 Dynamicsis 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20240715461663/en/

CONTACT: eLstar Dynamics

Anthony Slack, CEO

[email protected]

+31 40 7470123

KEYWORD: NETHERLANDS EUROPE

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE ENVIRONMENT SUSTAINABILITY CONSTRUCTION & PROPERTY BUILDING SYSTEMS

SOURCE: eLstar Dynamics

Copyright Business Wire 2024.

PUB: 07/16/2024 02:00 AM/DISC: 07/16/2024 02:00 AM

http://www.businesswire.com/news/home/20240715461663/en