eLstar Dynamics Announces €2 Million in Series A Funding

eLstar’s latest funding round will accelerate the commercialization of sustainable and affordable adaptive glass and reinforce its commitment to reducing global energy consumption and greenhouse gas emissions.

EINDHOVEN, Netherlands, July 16, 2024–(BUSINESS WIRE)–eLstar Dynamics, a leading developer of dynamic glazing, has secured a €2 million investment from Dutch family office Panthea. The funds will be used to finalize the development of eLstar’s dynamic glazing, designed to meet the growing demand for sustainable and energy-efficient solutions for buildings and vehicles.

“We have seen eLstar grow rapidly over the past two years and revolutionize the adaptive glass industry through its strong commitment to sustainable solutions across various sectors,” said a Panthea spokesperson. “We are excited to help eLstar achieve its commercialization goals and look forward to witnessing the company’s commercial success and the environmental impact its products will have.”

“We are grateful for the support of our new investor,” said Anthony Slack, CEO of eLstar Dynamics. “With our commitment to developing sustainable solutions for the construction and automotive industries, we are well positioned to continue our growth and deliver the most sustainable adaptive glazing solutions optimized for climate change adaptation and mitigation.”

eLstar has raised a total of EUR 13 million to date from Wafloma and Panthea BV, two Dutch family offices with strategic interests in eLstar’s sustainability-focused technology.

Buildings are responsible for 39% of global energy-related carbon emissions (World Green Council). eLstar is fully committed to developing smart glass solutions for buildings and automotive that reduce waste and achieve net-zero emissions in the future.

For more information, visit www.elstar-dynamics.com.

eLstar Dynamics eLstar is a leading developer and supplier of adaptive smart glass for a wide range of applications such as architecture, automotive and specialty markets. eLstar addresses the need for feasible solutions by providing sustainable and affordable smart glass. By utilizing existing manufacturing facilities, eLstar can produce smart glass with significantly lower energy consumption and environmental impact.

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Contacts

eLstar Dynamics
Anthony Slack, CEO
[email protected]
+31 40 7470123