Metismotion raises three million euros

Deeptech wants to promote sustainable and efficient electric motors. It has now raised three million euros in its latest financing round.

Munich-based deeptech Metismotion has raised three million euros in its third round of financing. As in the previous financing round, Born2grow, High-Tech Gründerfonds and Siemens Technology Accelerator are investing. The start-up is a spin-off from the Siemens Group.

Since 2018, Metismotion has been developing bio-inspired actuator systems to electrify drive systems sustainably and efficiently. Patrick Fröse founded the company with former Siemens managers Wolfgang Zöls and Georg Bachmaier. According to the company, in many cases its actuators require only a quarter of the energy compared to pneumatic solutions. Demand is currently so high that pre-series and series production capacities are being tripled at the Munich site.

"Metismotion products are already being used by end customers, for example in the process industry, to demonstrate what will be possible in the future with intelligent electric actuators under the most demanding environmental conditions," says Rudolf Freytag, CEO of Siemens Technology Accelerator. The start-up intends to use the newly acquired capital to drive forward the expansion of its software and IIOT (Industrial Internet of Things) development team. This should make it possible to present a second product series with extended functionality as early as the middle of this year.