GaltTec OÜ, an Estonian deeptech startup developing micro-tubular solid oxide fuel cells (mSOFCs) for portable and off-grid energy solutions, has closed its pre-seed funding round, raising a total of €1 million. The round was led by 2C Ventures, also backed by private investors and grants.
About GaltTec OÜ
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GaltTec, founded in 2022, develops fuel cell technology to meet the growing demand for lightweight, sustainable, and highly efficient energy solutions.
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The company’s fuel cells are designed to significantly extend operational endurance for drones and IoT devices, making them a game-changer for industries that rely on long-lasting, portable power sources.
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GaltTec’s dual-use strategy positions its fuel cells as a critical solution for both commercial and defense sectors.
"GaltTec’s fuel cell technology has the potential to redefine how we power drones and IoT devices, offering a sustainable alternative to traditional batteries and fossil fuels. We believe their innovation is a game-changer for cleantech and energy resilience, and we’re excited to support their journey as they scale and expand into global markets,” said Martin Koppel, Partner at 2C Ventures.
Investment details
The round was led by 2C Ventures and joined by DefCAP OÜ, a defense-sector investment fund managed by Taavi Veskimägi and Kuldar Väärsi, along with Bitsick OÜ and ModulEnergy OÜ.
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2C Ventures is a cleantech venture capital fund established in 2023 with a mission to help the world tackle climate change. 2C Ventures supports innovative cleantech companies in the Nordics and Baltics. Its most recent portfolio includes The Storage and ÄIO.
Thanks to the fresh capital, GaltTec will be able to scale its technology, expand into new markets, and drive the future of sustainable energy solutions extensively used by drones, IoT devices, and beyond.
