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Elimen looks to raise millions

A Polish company that creates solutions for electromobility and power electronics is looking to raise over PLN 8 million to fund its development and market expansion.

Elimen specializes in the design and popularization of technologies that meet the needs of sustainable development, such as electric vehicles and energy storage. Examples of projects carried out by the company include solutions for municipal transport, the construction industry and motor sport. It is also energy storage that can be combined into distributed systems and the world’s first professional system for diagnostics, repair and balancing of battery packs in electric vehicles. The company’s goal is to create unusual solutions in its R&D base and adapt them to mass production with foreign partners.

Elimen plans to increase its capital by PLN 8 million in the form of an offer for a limited number of selected investors. The funds obtained thanks to the starting round of financing will be allocated to scaling its sale of products – especially drives and energy storage, as well as expansion of the machine park and the purchase of components, which will allow it to increase production. According to conservative estimates, by 2025 the company’s turnover is to exceed PLN 50 million.

“Solutions for sustainable development are not only long-term, but are also needed here and now. In addition, Elimen, by creating original concepts, actively collaborates with many Polish companies, helping to build the strength of Polish business in the world,” says Łukasz Blichewicz, president of the Assay Group, which has invested in Elimen Group.