SolidWatts receives 850,000 euros in seed capital
Pully - SolidWatts from the Swiss canton of Vaud has gained 850,000 euros in a funding round. The technology from the CERN spin-off makes radiofrequency heating without the use of fossil fuels available to industry for production processes. Product development will now reportedly be accelerated toward megawatt performance.
(CONNECT) SolidWatts has concluded a pre-seed investment round with 850,000 euros. According to a press release from the spin-off founded by former employees at the nuclear research center CERN based in Geneva in 2022, the round was led by the venture capital company Evercurious based in Athens. The start-up promotor Kickfund from Basel and angel investors were also involved.
With its dielectric heating, also known as microwave, radiofrequency, or high-frequency heating, SolidWatts provides non-fossil heating for industrial processes. For this, an alternating electromagnetic field generates heat in a material.
According to information provided by the company, this is “an incredibly efficient way to apply heat for industrial processes such as drying, curing, welding, forming and the chemical transformation of materials.” Its proprietary solid state power amplifier technology reportedly offers “unprecedented efficiency.” The world’s largest, most powerful installation of a solid-state power amplifier such as this is at CERN.
As SolidWatts’ CEO and Co-Founder Dr. Markus Aicheler commented in the announcement, the fresh capital from the investment round will enable SolidWatts to accelerate the development and deployment of its technology, helping industries to significantly reduce their reliance on fossil fuels and slash CO2 emissions. To achieve this, the company plans to reach megawatt power levels for its products. ce/mm
