Smoltek lands $202,000 grant to apply nanofiber tech to batteries
What's the deal? SmoltekDealroom has a profile for this one. Try Dealroom → Nanotech Holding has been awarded about US$241.8K (≈$202,000) in grant funding from the Swedish Energy AgencyDealroom has a profile for this one. Try Dealroom → to develop next-generation battery technologies. The money splits into a direct US$60.4K grant and roughly US$181.3K through the five-year INBATT project.
What's the endgame? Smoltek wants to apply its proprietary carbon nanofiber (CNF) technology to advanced energy storage. The grant lets it study battery concepts aimed at better performance, higher energy and power capacity, and further miniaturization.
Why now? The funding is non-dilutive, letting Smoltek fund research without issuing new shares. It also opens a new market beyond the company's core semiconductor and hydrogen businesses.
The direct US$60.4K grant, run with RISE Research Institutes of SwedenDealroom has a profile for this one. Try Dealroom → as validation partner, supports an initial study of CNF-based battery concepts. The remaining US$181.3K comes via INBATT, which runs from 2027 to 2031 and starts in January 2027.
INBATT is a national competence center hosted by Chalmers University of Technology, funded with about US$19.3M over five years. It brings together more than 30 partners across academia, industry, and research, including ScaniaDealroom has a profile for this one. Try Dealroom →, AB Volvo, Volvo CarsDealroom has a profile for this one. Try Dealroom →, and RISE.
"The funding enables us to establish a position in a strategically important growth market and creates new opportunities for innovation, complementing our core businesses in semiconductors and hydrogen," says Oskar Säfström, chief executive officer of Smoltek.
The signal: The grant sits at the modest end of the funding spectrum, but it buys Smoltek a seat in a well-resourced Swedish battery ecosystem. For a small technology company, access to validation and industrial partners can matter more than the headline figure.
Read more: news.cision.com
Image credit: U.S. Army Combat Capabilities Development Command
