Jyväskylä-based startup Aisti has secured €20 million mortgage from the European Funding Financial institution (EIB) to develop manufacturing of its bio-based noise-reducing tiles for buildings.
The financing will assist Aisti’s manufacturing unit enlargement in Kitee, a rural metropolis in Jap Finland. The mortgage will even be used for analysis and improvement to additional improve its product providing.
“With EIB’s assist, we are able to transfer sooner and additional than our preliminary marketing strategy. Doubling our capability strengthens our potential to supply a pure, recyclable different to conventional acoustic tiles – on the scale the market now calls for. This partnership brings us nearer to our imaginative and prescient of fixing building for good by making more healthy, lower-carbon supplies the brand new business normal,” stated Mikko Paananen, founder and CEO of Aisti.
Based in 2019 by Mikko Paananen, Antti Fredrikson, and Petri Jetsu, Aisti is a fabric know-how firm manufacturing pure suspended ceiling acoustic tiles from renewable wooden fibre.
In response to the corporate, it makes use of foam-forming know-how to remodel fibres into acoustic tiles which are secure, sustainable, recyclable, and competitively priced. The patented materials affords a sustainable different to conventional mineral wool tiles. As these tiles don’t include any mineral wool fibres, they don’t launch mineral fibres into indoor air. The tiles are designed to be used in industrial and public-sector buildings, together with faculties and workplace areas.
The brand new large-scale manufacturing facility in Kitee will allow the corporate to double its deliberate manufacturing capability of two.5 million sq. metres. The manufacturing unit is slated to start tile manufacturing within the second half of 2026. In response to EIB, the manufacturing unit will itself have inexperienced options by utilizing an energy-efficient manufacturing course of powered by clear electrical energy
Aisti claims that its tiles have obtained international acoustics and indoor local weather accreditations, and have been examined and achieved hearth resistance class B-s1, d0.
The corporate famous the mortgage will enable it to step up analysis and improvement work to additional improve the tiles’ acoustic and fire-resistant properties. European market enlargement can also be on the playing cards, with a specific deal with the Nordic area.
In 2024, Aisti closed a €29 million Collection A funding spherical, and in 2022, it picked up €1.6 million. It’s backed by notable traders, together with Voima Ventures, Maki.vc, Finnvra, and Valve Ventures.
The financing falls underneath the InvestEU programme and includes enterprise debt, which is a long-term mortgage providing versatile circumstances with out diluting possession.
“Europe’s inexperienced transition is dependent upon the emergence of progressive firms like Aisti. By backing this venture, we’re selling the round economic system, supporting rural improvement, and reinforcing Europe’s capability to supply sustainable building supplies at scale,” stated EIB Vice-President Karl Nehammer.
The venture additionally contributes to the EIB’s TechEU initiative by accelerating innovation in sustainable, biomass-based options.
