28.12.2021

Lekatech selected for EIC Accelerator funding

Lekatech selected for EIC Accelerator funding

Lekatech was selected among the 99 European innovative companies to receive EIC (European Innovatiopn Council) Accelerator funding in October 2021 cut-off. The funding consists of a grant part and an equity investment part and totals about 6,3M€ over 4 years.

With the EIC-funding Lekatech will commercialize its innovative electric breaker hammer technology. The project contains pilot customer projects and setting up of supply chains for production and distribution. The funding enables Lekatech to reach for its ambitious objectives to become the industry benchmark in the emerging market of fully electric breaker hammers.

Background

The EIC Accelerator offers start-ups and SMEs grants of up to EUR 2.5 million combined with equity investments through the EIC Fund ranging from EUR 0.5 to EUR 15 million. In addition to financial support, all projects benefit from a range of Business Acceleration Services that provide access to leading expertise, corporates, investors and ecosystem actors.

For further info, please contact Team Lekatech (www.lekatech.fi). About the funding further information can be found under https://eic.ec.europa.eu/news/largest-ever-funding-round-european-innovation-council-accelerator-99-innovative-companies-set-2021-12-16_en?mtm_campaign=nwl_12_2021

European Innovation Council and
Small & Medium-sized Enterprises Executive Agency (EISMEA)
Established by the European Commission

17.11.2021

MINE.THE.GAP has awarded a voucher to Lekatech and Vemcon

Lekatech Oy and Vemcon GmbH have been awarded the MINE-Demo voucher (totally 100k€) under the Mine.The.Gap program to develop the control and connectivity of the unique Lekatech electric hammer solution. The co-operation between the two young and innovative companies is a perfect match as both address the electric transformation of construction and mining machines. Furthermore, the companies complete each other’s offering and together can offer a more complete solution to the target markets. Vemcon is a specialist in user interfaces and connectivity for excavators, while Lekatech is a specialist in hammering device attachments.

MINE.THE.GAP brings together SMEs from the raw materials and mining sector with companies that have solutions for a more digital, greener, and circular mining value chain. Through open calls and support services, MINE.THE.GAP makes business ideas a reality.

01.11.2021

EIT RawMaterials awards funding for Lekatech led consortium

Lekatech and its 4 consortium members from 3 other European countries will work for 3 years with the common objective to commercialize the Lekatech electric hammer for mining sector. Both underground and open-pit mining sites are addressed. In the core of the project are 3 pilot sites in 3 different European countries where use cases are to be experimented with Lekatech hammer. In addition to piloting, awareness of Lekatech solution’s possibilities are spread in networking events and publications. The total project size is close to 2,5M€.

This project is a big step in the commercialization development of Lekatech and we are happy to do this together with the consortium members and other stakeholder. A big thank you goes to all the parties that have enabled Lekatech to make this possible. For more information about the project, please be in contact with Team Lekatech. (www.lekatech.fi)

EIT RawMaterials supports key activities regarding minerals, metals, raw materials innovation, entrepreneurship and education. The organization is funded by European Union and European Raw Materials Industry. (https://eitrawmaterials.eu/)