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HomeBusinessMade in Emerging Europe: Skeleton Technologies, Rohlik, 10Lines, Longenesis, AerinX

Made in Emerging Europe: Skeleton Technologies, Rohlik, 10Lines, Longenesis, AerinX

Estonia’s Skeleton Technologies grabs 29 million euro Series D extension

Estonian start-up Skeleton Technologies has nabbed a 29 million euros Series D extension from its existing backers Marubeni Corporation, MM Grupp, Harju Elekter and other investors.

Since its founding in 2009 the company has worked on super-capacitors using proprietary “curved graphene” technology. Its products are used in automotive, transportation, grid and industrial applications.

Super-capacitors are different from batteries as they store energy within an electric field. Batteries make use of a chemical reaction.

Skeleton Technologies is now on the point of bring its own take on a battery towards the market. Dubbed super-batteries they'll sit between capacitors and traditional batteries.

“We started with a comparatively specialized niche of super-capacitors and therefore are now moving to super-batteries, covering the high quality, high power niche from the battery market,” says co-founder and CEO Taavi Madiberk.

“As the next phase in our strategy, we are designed for merging long lifetime, fast charging super-capacitors and energy, long-duration battery technology, to offer a more competitive long range EV battery than currently on the market or in the expansion pipeline.”

Czech grocery delivery start-up Rohlik raises 100 million euros, becomes a unicorn

By securing a 100 million euros Series C round, the Prague-based delivery platform Rohlik has turned into a unicorn having a valuation of one billion euros.

The new funding comes just three months after the firm closed a 190 million euros funding round.

This latest capital injection will support the company's expansion. Rohlik has already launched in Hungary and Austria and is eyeing Munich as its next market. The start-up has already been profitable in its home market in Czechia.

Rohlik provides more than 17,000 items that can be delivered within two hours. It has also expanded to offering meat and dairy products under its very own brand, with increased product segments not far off, based on the company.

“The newly secured funding helps us to accelerate even faster than originally intended, mainly within the areas of new market entries, fulfilment centre automation and also the overall pace of innovation, including hiring great talent,” says Tomás Cupr, founder and CEO from the Rohlik Group.

Estonia’s 10Lines raises 700,000 euros for autonomous line-marking robots

Estonian start-up 10Lines has raised 700,000 euros in a seed round led by Terra Ventures.

Founded in 2022, the start-up has developed technology for parking lot and road marking that will permit the current manual tactic to be replaced with an automated solution.

10Lines' robots can complete road marking seven times faster that current processes, eliminating exhaustive measuring and pre-marking, and reducing the need for human oversight. This, says the firm saves 1.9 tonnes of CO2 emissions per robot each year.

The start-up has already started reference projects in Estonia and it has signed letters of intent with striping companies in the usa.

“10Lines is a unique product with the possibility to disrupt an enormous market, which to date continues to be almost entirely untouched by technology. At the moment, parking lots around the world are marked and re-marked – often annually – in a time and resource-intensive process involving experienced groups of workers. In america alone you will find 800 million parking lots, which may cost around six billion US dollars to mark. Our robots are a tech-enabled fix for your problem, combining huge efficiencies with a fast payback time,” says Tarmo Prints, CEO.

Robots that 10Lines makes use satellite positioning in conjunction with other sensors enabling accuracy within 1-2 centimetres.

Latvian start-up Longenesis gets one million euros to speed up biomedical research

Riga-based Longenesis has announced a late seed round to the tune of 1 million euros backed by a number of business angels led by Rustam Gilfanov.

Founded in 2022, the start-up really wants to empower biomedical research beyond borders.

It performs this by assisting to identify and unlock the hidden worth of biomedical data to accelerate the novel drug and treatment discovery and supply better help to those in need.

Medical information is sensitive and confidential and this creates obstacles for researchers who need large and detailed data sets. By introducing digitalisation and consent-enabled showcasing of biomedical assets, as well as putting the emphasis on patient-centricity, Longenesis will help to reduce recruitment costs and accelerate biomedical research.

Longenesis recently announced a partnership with Medtronic, a 140 billion euros company manufacturing medical devices.

The Medtronic-Longenesis partnership, also involving diabetic patient organisations, is a pilot for that digitalisation of patient engagement into research and advocacy initiatives.

Hungarian AerinX announces partnership with VD Gulf to apply innovative aircraft maintenance technology

Budapest-based AerinX has announced a partnership with VD Gulf, a number one independent MRO (Maintenance, Repair, Overhaul) company in the Middle East region. Together the companies will implement an assorted reality-based system for aircraft maintenance.

AerinX’s first method is a mixed reality (MR) based software which makes external surface inspections on aircraft faster, simpler, more precise, and better-documented. The ground-breaking technology helps maintenance engineers identify damages precisely and accurately and reduces maintenance downtime and costs for purchasers.

A significant milestone from the international market launch from the high-tech product was a successful pilot project conducted in Dubai, inside the framework which VD Gulf tested the AerinX system under real-life industry circumstances. Both parties were satisfied with the first Adopter Programme, and for that reason they decided to continue their partnership with a new agreement to implement the innovative solution in the Sharjah-based MRO fully.