By Jason Deign
Skeleton Technologies is expanding its top team and contemplating further cash injections as its sets its sights on a precious German market.
The Estonian ultracapacitor maker, which has so far raised €26.7m in funding, is looking for a vice president of global sales as it expands manufacturing into Germany, which is expected to account for a fifth of its global market.
The company was also showing off to potential investors and customers at a showcase event called The Business Booster (TBB), in Barcelona, Spain, last Thursday.
Having closed its round C funding, for €13m, this summer, programme director Egert Valmra appealed to TBB’s audience for a round D injection in support of UCGEN3, a ‘next-generation’ ultracapacitor programme led by Skeleton.
In the meantime, however, Skeleton is focusing attention on scaling up production in Estonia and building a presence in Germany, where it opened a factory this year.
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