Voltan Energy (Voltan Lähienergia Oy), a Helsinki, Finland-based developer of a heating and cooling service based on ground source heat energy raised €2.5 million in its second round of financing.
Backers included Holdix Oy Ab, Turret Oy Ab and Timo Soininen (former co-founder of Small Giant Games), who had previously been shareholders in the company, participated in the financing round.
These funds will be used to strengthen the sales organization and also to build the heating and cooling systems themselves.
Led by Miikka Lemmetty, CEO, Voltan Energy is challenging district heating with its new type of heating and cooling service based on ground source heat energy. The system brings individual apartment buildings lifecycle savings of hundreds of thousands of euros and enables cooling in their homes.
In sales, the company focuses on fast-scaling new construction projects through cooperation with construction companies. It initially aims to build about 30 to 50 sites per year in Finland. In the near future, Voltan intends to expand to other Nordic countries and possibly also to Central Europe.
FinSMEs
30/06/2022