Intelligent heating systems startup watttron announced that it has raised €12 million (USD$13 million) in a Series B funding round. The proceeds are aimed at advancing the company’s sustainable packaging solutions. “Sustainability is more than just a trend; it’s a commitment we take seriously,” said Marcus Stein, CEO of watttron. The funding round was led by the Circular Innovation Fund and the European Circular Bioeconomy Fund (ECBF).
About watttron
Founded in 2016, Germany-based watttron provides solutions that enable packaging companies to transition to sustainable materials. The company addresses challenges including high costs and the need to reconfigure machinery and processes. Watttron’s intelligent heating systems, such as cera2seal and cera2heat, reduce energy requirements. These solutions help achieve flexible and highly efficient production, facilitating the processing of sustainable materials without compromising productivity or quality.
Future directions and endorsements
The company intends to use the new funding to develop its technological capabilities and expand into the American and Asian markets. Watttron’s technology is seen as a significant advancement in the packaging industry, aiming to reduce carbon emissions by lowering material and energy usage. It also promotes the use of monomaterials, which enhances recyclability. Guillaume Gras, Investment Director at ECBF, highlighted the importance of this investment:
Watttron’s technology represents a quantum leap in sustainable packaging,
This initiative is viewed as a commitment to a greener, more efficient future, emphasizing the dual benefits of enhancing production efficiency and cost-effectiveness in the packaging industry.
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