phelas newsletter 09/2021

Hi there,

we have been working hard the last months and we want to bring you up to date with our achieved milestones, foremost successfully closing our fundraising.

A great mix of experienced Early Stage Investors trusted us with over 600.000 €. The hand-picked Investors bring in vast experience in managing own companies, successful exits (e.g. to Apple), specialist experience in cryogenics or electronics and, most importantly, great sense of humor.

Additionally, we secured public grants via esa BIC & Climate KIC, Initiative for Industrial Innovators and are working on more innovation-focused programs.

We are also proud that we won the Deutsche Telekom hubraum Network Sustainability Award 2021 as the first and only start-up to be recognised in pre-revenue state.

With the funding secured, we are pushing to extend our prototype to reach a proof-of-concept in 2022. To fulfill that mission, we hired 4 new team members. phelas will continue to grow, so please spread the message if you know talent to join us remotely or in Munich!

We are once again happy to have you interested in our journey to make 100% renewable energy a no-brainer on this planet.

phelas team