Tallinn-based Elcogen, a manufacturer of green energy technology, announced on Wednesday that it has raised funding from Baker Hughes in a fresh funding round.
Baker Hughes is an energy technology company that has a diverse portfolio of equipment and
service capabilities that span the energy and industrial value chain.
Along with equity investments from Hydrogen One Capital Growth plc, HD Hyundai, and Mirae, as
well as project grants from the European Commission, including an IPCEI project, amounting to
over €24M, and a proposed debt of €15M, Elcogen has raised more than €140M overall.
https://siliconcanals.com/news/startups/baker-hughes-backs-elcogen/
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