Lugano-based Gaia Turbine introduced the profitable completion of a brand new €1.15 million funding spherical for the event of its hydroelectric micro and mini-turbine – this follows the launch of its first pilot challenge in This fall 2024.
The funding spherical included participation from angel traders and TiVentures SA, which had beforehand invested within the firm.
“This pilot challenge is a pivotal second for Gaia Turbine,” mentioned Franco Tommasini, Co-founder and CTO of Gaia Turbine SA. “We’re each demonstrating the effectiveness of our expertise in n operational setting and we’re making ready to take it to a bigger scale because of the arrogance of our traders and business companions.”
Gaia Turbine SA was established in 2020 by Calogero Amato (CEO) and Franco Tommasini (CTO) with a view to develop a plug-and-play hydroelectric micro & mini-turbine, splendid for aqueducts and minimal very important flows, reportedly with greater than 90% effectivity.
This newest funding marks a major step ahead in Gaia Turbine’s progress technique, following the launch of its first pilot challenge in December 2024 at AMB (Azienda Multiservizi Bellinzona).
The startup’s plug-and-play hydroelectric turbine has been linked to the facility grid, the place it’s efficiently demonstrating its efficiency below real-world and variable working circumstances.
With the extra capital, Gaia Turbine is accelerating its improvement actions, with a transparent give attention to scaling its market presence and advancing towards full industrialisation.
The corporate is at present evaluating potential websites for its subsequent pilot set up, which can additional validate the turbine’s flexibility and effectivity in new software eventualities, equivalent to water provide networks.
Moreover, the Gaia Turbine workforce is strengthening ties with industrial and industrial companions, each in Switzerland and internationally, to foster strategic collaborations and lay the foundations for large-scale deployment of its expertise.
Not too long ago, the corporate additionally introduced the launch of a strategic enterprise examine in collaboration with Pupil Influence, a distinguished affiliation that brings collectively proficient college students from the College of St.Gallen, famous for its experience in sustainable enterprise practices.
This initiative merges Pupil Influence’s perspective with Gaia Turbine’s “dedication to innovation within the hydropower sector“, aiming to discover new methods for enhancing sustainability and enterprise progress.
