Vaja announced that it has raised €3.1 million in seed funding to accelerate the commercialization of its next-generation solar tracking technology. The financing brings the company’s total capital raised from equity investments and grants to €6 million.
The seed round was led by The Footprint Firm, with participation from node.vc.
The company said the proceeds will be used to support market entry, validate its products through customer installations, advance its core technology, and expand its team in a measured manner.
Founded by serial entrepreneurs Henrik Eskilsson and Anders Olsson, Vaja is developing VajaTrack, a vertical single-axis solar tracking system designed to improve the economics of solar installations at higher latitudes. According to the company, the system can generate 25% to 50% higher revenue than fixed-mount installations across Europe, much of North America, and large parts of Asia by increasing energy output and capturing higher-value electricity prices during morning and evening hours.
Vaja believes vertical solar tracking could become the dominant installation approach in regions located above 30 degrees latitude, similar to how horizontal tracking systems became standard in lower-latitude markets.
The company noted that the technology could help strengthen energy security and independence in Europe by increasing renewable energy generation in northern regions and reducing reliance on imported energy sources.
In response to strong customer demand, Vaja said it is opening additional installation slots for 2026 and is accepting reservations for agricultural projects and pilot installations with professional solar farm developers.
Vaja is also supported by grants from the Swedish Energy Agency.
KEY QUOTES:
“Vaja is a pioneer for vertical solar tracking technology, a much-needed innovation that harnesses significantly more solar energy across more of the day and year for a significant part of the world. Over the next decade, we believe that vertical solar tracking can emerge as the dominant form of solar installation beyond 30° latitude, just as horizontal solar tracking has become the standard near the equator.”
Henrik Eskilsson, CEO of Vaja
“Solar is fundamental to a credible energy transition, and the companies that will define the next decade are the ones solving the parts that are still genuinely hard. Vaja is one of those companies. VajaTrack solar tracking technology unlocks substantially higher energy where conventional solutions have historically underperformed. With a founding team that combines deep structural engineering expertise with the commercial track record needed to bring a fundamentally new technology to market, this is exactly the kind of venture we want in our portfolio. We are proud to back Henrik, Anders, and the entire Vaja team as they scale the company and its technology.”
Jakob Wichmann, Co-Founder and Partner at The Footprint Firm
