Akkurate secures funding and eyes Asian market

The year-old startup from the small town of Kaarina raised 500 000 euros in funding from Lifeline Ventures, Hong Kong-based Suffice, Lappeenranta University of Technology’s investment firm Green Campus Innovations and private investors.

The team behind Akkurate has collectively more than 100 years of experience in developing lithium-ion batteries, their production chain and entire life cycle.

“The number and size of batteries are constantly increasing, and new uses for them are opening up in the future,” says co-founder Mika Kanninen. “Electric vehicles, mobile devices, the Internet of Things, and energy storage all require reliable, efficient and secure solutions.”

International expansion is now on the agenda for Akkurate, which is eyeing the Chinese market with special interest. “In the future we are aiming for the world, and especially the enormous battery markets created by the electrification of traffic in China,” Kanninen explains.

The Finnish startup is also aiming to become a world leader in battery diagnostics and is currently in the midst of a research project in the field sponsored by Business Finland. It is also a member of the EU Battery Alliance task force working to secure the competitiveness of Europe’s battery industry, all the while widely engaged in joint research with Finnish universities.

Good News from Finland is published by Finnfacts, which is partof Business Finland.