Skeleton Technologies to enter Asian automotive market through strategic cooperation with and investment from Marubeni

Skeleton Technologies, Estonia-based manufacturer of graphene-enhanced supercapacitors, and Marubeni Corporation, one of Japan’s largest conglomerates, have signed a strategic cooperation agreement to support commercial scale-up and customer acquisition for Skeleton’s supercapacitors in the Asian automotive sector, with a strong focus on electrified vehicles and hydrogen transportation.

As part of this agreement, Marubeni Corporation also made an equity investment on top of the €41.3 million Series D financing round announced by Skeleton in November 2020. The sum of Marubeni’s investment was not disclosed.