Norwegian deeptech startup Alva Industries has secured €16 million in an equity funding round led by Nysnø Climate Investments, Sandwater, and Emerald Technology Ventures on behalf of Nabtesco Technology Ventures. Existing investors Statkraft Ventures and EnvisionTech also participated, while Samsung Ventures converted its previous investment into equity as part of the round.
- Alva Industries develops ultra-compact electric motors using its patented FiberPrinting™ manufacturing technology. The company's frameless motors are designed to deliver high torque while reducing weight and size, targeting applications across robotics, aerospace, defence, medical technology, industrial automation, and autonomous systems.
- The company says it is currently working on hundreds of customer projects across commercial and defence markets and has gained traction with OEMs in robotics, aerospace, and medical devices.
- The fresh funding will be used to expand manufacturing capacity in Norway, accelerate product development, and support the company's international expansion as demand for compact electric motors continues to grow.
