MetisMotion, a Munich, Germany-based tech startup whose innovative technology enables ultra-light and dynamic actuators, raised over €1m in first funding.
Backers included High-Tech Gründerfonds (HTGF), Born2grow Seedfonds – a subsidiary of ZFHN Zukunftsfonds Heilbronn – and Siemens Technology Accelerator (STA).
The company intends to use the funds to finalize development and market launch of the first series products.
Founded in 2018 by Dr. Wolfgang Zoels, Dr. Georg Bachmaier and Patrick Froese, MetisMotion develops technology which includes dynamic and lightweight, force optimized actuators for robotics, aviation, vehicle and safety applications.
The company is a spin-off from Siemens AG, facilitated by the Siemens Technology Accelerator GmbH.