Mat4Greentech secures SEK 9 million to accelerate growth
In April 2024, Mat4Greentech reached an important milestone by securing SEK 9 million in new funding to accelerate the company’s growth and move closer to industrial-scale production.
The investment came from existing investor Chalmers Ventures, new investor Jovitech Invest, and Energimyndigheten, with each contributing SEK 3 million.
This funding enables Mat4Greentech to expand production capacity and continue scaling its technology to meet the growing demand for indium tin oxide solutions in Europe and globally — particularly within the rapidly expanding solar industry.
Our long-term vision is clear: to serve the growing solar market with sustainable indium tin oxide products produced in Sweden.
As part of this next phase, Mat4Greentech is also conducting a life cycle analysis together with RISE Research Institutes of Sweden to validate the environmental impact of our production method. The goal is to demonstrate that our process can reduce CO₂ emissions by up to 80% compared to traditional alternatives.
At the same time, we are continuing product trials with several solar manufacturers in Europe, as well as one of the world’s largest indium tin oxide manufacturers in South Korea.
This investment marks an exciting step forward as we continue scaling our technology, expanding partnerships, and building more sustainable solutions for the future of clean energy.
