Skeleton Technologies, a global provider of AI infrastructure and grid power systems, has today announced the first close of a larger funding round at €33 million. This brings its total venture capital funding to €392 million as it prepares for a planned initial public offering in the United States in 2027.
Power is widely recognised as the main bottleneck to global AI growth. This new funding will help Skeleton meet demand for its high-power energy storage solutions, which address power constraints in AI data centres. Alongside its large-scale supercapacitor facility in Germany and its one-gigawatt SuperBattery factory in Finland, the company is preparing to expand production to the United States.
This round expands Skeleton’s investor base with Axon Partners Group (through its ClimateTech strategy, supported by Ventures EPM), SmartCap and Taiwania Capital. Further investors will be announced as part of a larger round ahead of the IPO.
AI data centres are one of the most critical drivers of global energy demand, and scaling them sustainably requires a fundamentally different approach to power infrastructure, said Francisco Velázquez, Founder and Managing Partner at Axon Partners Group. Skeleton Technologies is exceptionally well positioned to deliver the solutions that will underpin the continued growth of AI, and we at Axon are delighted to support the company as it scales globally and prepares for its next chapter as a public company.
