Cowa Thermal Solutions secures CHF 1.9 million in second investment round
14.05.2024
Cowa Thermal Solutions has successfully closed its second investment round, securing CHF 1.9 million, with an additional CHF 600,000 available through a newly established capital band. The Swiss startup is ready to advance its innovative energy storage technologies, scale production, and broaden distribution channels.
 Cowa's team
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Cowa Thermal Solutions, a pioneering Swiss startup in the field of sustainable energy storage, has announced the completion of its second investment round, raising CHF 1.9 million. This funding milestone was achieved with contributions from both new and existing private investors from Switzerland and the US. To accommodate the strong interest from the investor community, Cowa has also established a capital band, adding an extra CHF 600,000 for potential additional investors.
The new funds will be instrumental in pushing Cowa's technological innovations forward. With a focus on developing compact and sustainable energy storage solutions, the company is well-positioned to support the global transition to cleaner energy. The capital will enable Cowa to enhance its production capabilities and strengthen its distribution networks, ensuring that its innovative products can meet the growing market demand.
The decision to create a capital band reflects the high level of investor confidence in the Cleantech startup's mission and technological prowess. This additional financial flexibility will allow the startup to respond swiftly to market opportunities and continue its trajectory of growth and innovation.
Cowa won the final stage of Venture Kick in 2020.
The new funds will be instrumental in pushing Cowa's technological innovations forward. With a focus on developing compact and sustainable energy storage solutions, the company is well-positioned to support the global transition to cleaner energy. The capital will enable Cowa to enhance its production capabilities and strengthen its distribution networks, ensuring that its innovative products can meet the growing market demand.
The decision to create a capital band reflects the high level of investor confidence in the Cleantech startup's mission and technological prowess. This additional financial flexibility will allow the startup to respond swiftly to market opportunities and continue its trajectory of growth and innovation.
Cowa won the final stage of Venture Kick in 2020.
"Venture Kick was crucial and supportive particularly in our early stages, providing continuous support by rigorously evaluating our business case from the outset, guiding our initial development on the market, and helping us concentrate on the essential aspects," commented Simon Maranda, CEO and Co-Founder of Cowa.