Kitekraft raises $1.6 million for grid-connected demonstrator
Kitekraft raised $1.6 million to move its flying-wind-turbine technology from prototype testing to a grid-connected demonstrator.
Evidence notes
- Roughly $300,000 of the package came through the Horizon Europe MERIDIONAL project.
- The capital was allocated to reliability and efficiency work, a grid-connected demonstrator, team growth and preparation for a pilot installation.
Company context
Kitekraft builds flying wind turbines. The Munich company develops autonomous aerial hardware for renewable energy generation.