About Kitemill
Kitemill is a company based in Vossevangen (Norway) founded in 2008. It operates as a Green Energy-as-a-Service. Kitemill has raised $2.54 million across 7 funding rounds from investors including European Union and EIC Fund. The company has 9 employees as of December 31, 2021. Kitemill has completed 1 acquisition, including Exact Aircraft. Kitemill offers products and services including Airborne Wind Energy System. Kitemill operates in a competitive market with competitors including Enerkite, Skypull, Windlift, Kite Power Solutions and Makani, among others.
- Headquarter Vossevangen, Norway
- Employees 9 as on 31 Dec, 2021
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Kitemill
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Annual Revenue
$482.2 K (USD)-53as on Dec 31, 2022
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Net Profit
-$1.27 M (USD)-30as on Dec 31, 2022
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EBITDA
-$1.44 M (USD)-32as on Dec 31, 2022
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Total Equity Funding
$2.54 M (USD)
in 7 rounds
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Latest Funding Round
$2.72 M (USD), Grant
Jul 22, 2024
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Investors
European Union
& 1 more
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Employee Count
9
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Kitemill
Kitemill offers a comprehensive portfolio of products and services, including Airborne Wind Energy System.
Innovative kite-based system harnesses high-altitude wind energy.
Funding Insights of Kitemill
Kitemill has successfully raised a total of $2.54M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $2.72 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Kitemill
Kitemill has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Locked | Locked | Locked | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Locked | Locked | Locked |
Investor details for Kitemill
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Investments & Acquisitions by Kitemill
Kitemill has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Exact Aircraft.
Investment portfolio details for Kitemill
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Aircraft are designed and traded via an online marketplace.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for Kitemill
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Financial Statements - Kitemill
Detailed financials for Kitemill
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Kitemill Comparisons
Peer comparison for Kitemill
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Competitors of Kitemill
Kitemill operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enerkite, Skypull, Windlift, Kite Power Solutions and Makani, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Airborne Wind Energy System
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Box-type altitude wind power systems are developed.
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Airborne wind energy systems are developed for electricity harvesting.
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Manufactures airborne wind turbines for renewable energy solutions.
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Harnesses high altitude wind energy
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Detailed competitors of Kitemill
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Latest news on Kitemill
Complete news archive for Kitemill
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Frequently Asked Questions about Kitemill
Kitemill was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Kitemill is headquartered in Vossevangen, Norway. It is registered at Vossevangen, Vestland, Norway.
Kitemill is a funded company, having raised a total of $2.54M across 7 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Kitemill is 9.
Annual revenue of Kitemill is $482.2K as on Dec 31, 2022.
Kitemill is focused on pioneering airborne wind energy technology, harnessing wind power at altitudes above 350 meters where winds are stronger and more consistent. The solution, based on a kite tethered to a ground-based generator, is designed to reduce the levelized cost of energy by 50 through minimal material usage and increased energy yield. Operations are conducted with minimal environmental interference, and the technology is aimed at unlocking new wind energy sites. The sector of focus is renewable energy, specifically wind power, with innovative solutions for sustainable energy production.
Kitemill's top competitors include Windlift, Skypull and eWind Solutions.
Kitemill offers Airborne Wind Energy System.
Kitemill has made 1 acquisition, including Exact Aircraft.
Kitemill has 2 investors. Key investors include European Union, and EIC Fund.