Dynelectro, a Danish startup specialising in sustainable energy solutions, has raised an €11 million investment. The round was led by Denmark’s Export & Import Fund Organisation (EIFO) that recently invested in Danish startups Kvantify and EvodiaBio, Yara Growth Ventures, Vsquared Ventures, PSV DeepTech, The Footprint Firm, and the European Investment Bank (EIB).

Additionally, it secured €9 million in grants through industrial collaborations with leaders such as Shell and European Innovation Council, underscoring the robust support for their vision of sustainable energy solutions.