Kite Kraft announced it raised $1.17 Million in an initial filing from an offering of $1.17 Million
07/14/22, 9:18 PM
Location
Money raised
$1.17 million
Industry
information technology
Round Type
seed
Company Info
Location
rudolf-diesel-strasse 26
munich, bavaria, germany
Additional Info
Kitekraft systems consist of a tethered electric aircraft, a.k.a. a kite. The kite has 8 onboard (flying) wind turbines. It autonomously flies in figure eights and generates electrical energy from the wind. Our systems need 10 times less construction materials compared to a conventional wind turbine, while being able to reach higher altitudes with stronger and more steady winds. This enables electricity generation at very low costs.