Skeleton Technologies announced the first close of a larger pre-IPO financing round with an initial €33 million investment, bringing the company’s total venture capital funding to approximately €392 million ahead of its planned U.S. initial public offering in 2027.
The company develops energy storage and grid power systems designed to support AI infrastructure and data center power requirements.
Skeleton Technologies said the financing will support growing demand for its high-power energy storage solutions targeting power bottlenecks in AI data centers. The company stated its technology is designed to reduce AI data center energy consumption by 40%, increase computing power by 40%, and accelerate grid connection timelines.
The company currently operates supercapacitor manufacturing operations in Germany and a one-gigawatt SuperBattery factory in Finland. Skeleton also said it is preparing to expand production capabilities into the United States.
New investors participating in the financing include Axon Partners Group, SmartCap, and Taiwania Capital. Skeleton said additional investors are expected to join as part of the broader financing round leading up to the company’s IPO plans.
Skeleton Technologies said the funding also strengthens strategic relationships with the Taiwanese semiconductor and AI infrastructure ecosystem as global demand for AI computing capacity continues expanding.
The company positions its energy storage and power management technologies as infrastructure solutions addressing the increasing electricity demands associated with hyperscale AI data centers and accelerated computing workloads.
KEY QUOTES:
“As AI infrastructure continues to scale, reliable, high-performance power solutions have become critical. This funding round brings additional strategic partners to the table and strengthens our ability to deliver the next generation of power solutions that cut AI data center energy consumption by 40%, increase computing power by 40%, and enable faster power grid connection.”
“We are pleased to strengthen our investor base with new partners such as Axon, whose technology investment and growth-stage expertise will support Skeleton’s IPO preparations. Through Taiwania Capital, we are also deepening our relationship with the Taiwanese chip industry, creating more strategic opportunities as demand from AI data centers continues to grow.”
Taavi Madiberk, CEO And Co-Founder, Skeleton Technologies
“AI data centers are one of the most critical drivers of global energy demand and scaling them sustainably requires fundamentally new approaches to power infrastructure. Skeleton Technologies is uniquely positioned to deliver the solutions enabling the continued growth of AI, and we are excited to support the company as it scales its solutions globally and prepares for its next chapter as a public company.”
Francisco Velazquez, Founder And Managing Partner, Axon Partners Group
“Taiwan acts as the global hub for the AI data center supply chain, while Europe is a powerhouse of deep-tech innovation. We view Skeleton’s technology as a critical solution for enabling the next generation of AI infrastructure. By backing Skeleton Technologies, we are connecting their breakthrough energy solutions with Taiwan’s robust AI data center supply chain. Together, we are building the resilient energy backbone needed to unlock the full potential of the AI era.”
David Weng, CEO, Taiwania Capital
