About Kitemill
Kitemill is an Energy & Utilities company based in Vossevangen (Norway) founded in 2008. It operates as an airborne wind energy systems are developed for renewable power generation. It operates on a Green Energy-as-a-Service model. Kitemill has raised $2.54 million across 7 funding rounds from investors including European Union and EIC Fund. The company has 9 employees. Kitemill has completed 1 acquisition, including Exact Aircraft. Kitemill offers products and services including Airborne Wind Energy System. Its focus areas include Energy, Renewable Energy and Wind Energy. Its competitors include Enerkite, Skypull, Windlift, Kite Power Solutions and Makani and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Vossevangen, Norway
- Employees 9
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website kitemill.com
- Social LinkedIn X Facebook
- Legal Name Kitemill
- Annual Revenue$482.2 K (USD)-53as on Dec 31, 2022
- Net Profit-$1.27 M (USD)-30as on Dec 31, 2022
- EBITDA-$1.44 M (USD)-32as on Dec 31, 2022
- Total Equity Funding$2.54M (USD)
in 7 rounds
- Latest Funding Round$2.72M (USD), Grant
Jul 2024
- InvestorsEuropean Union
& 1 more
- Employee Count9
- Investments & Acquisitions
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.
- Total Funding $2.54M
- Total Rounds 7
- Last Round Grant — $2.72M
- First Round $52,653
(Jan 2017)
- Investors Count 2
All 7 funding rounds of Kitemill with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $2.72M | Grant | – | – | |
| Jan 2023 | $2.54M | Seed | – | – | – |
| Jan 2022 | $3.81M | Grant | – | – | |
| Sep 2021 | $58,208 | Grant | – | – | |
| Oct 2019 | $2.67M | Grant | – | – | |
| Nov 2017 | $59,254 | Grant | – | – | |
| Jan 2017 | $52,653 | Grant | – | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Aircraft are designed and traded via an online marketplace. | exactaircraft.com | Skien, Norway | 2015 | Jun 2023 | •••• |
Complete acquisition details for Kitemill
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Timeline of Kitemill
4 dated milestones of Kitemill across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Kitemill is founded.
- Funding First funding round of $53K.
- Acquisition Acquires Exact Aircraft.
- Funding Latest funding round, Grant, of $2.7M.
Competitors of Kitemill
Kitemill has 9 listed competitors in our database, 5 of them funded. They include Enerkite, Skypull, Windlift, Kite Power Solutions and Makani, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enerkite.de | 2010 | Kleinmachnow, Germany | – | 23 | Airborne Wind Energy System | |
| skypull.technology | 2013 | Lugano, Switzerland | $131,894 | – | Box-type altitude wind power systems are developed. | |
| windlift.com | 2006 | Raleigh, United States | $160,000 | 17 | Airborne wind energy systems are developed for electricity harvesting. | |
| kps.energy | 2011 | Glasgow, United Kingdom | $6.34M | 29 | Manufactures airborne wind turbines for renewable energy solutions. | |
| makanipower.com | 2006 | Alameda, United States | $15M | – | Harnesses high altitude wind energy | |
| ewindsolutions.com | 2013 | Beaverton, United States | – | – | Airborne wind energy systems are developed for higher-altitude wind access. | |
| twingtec.ch | 2013 | Dubendorf, Switzerland | – | – | Wind energy drones are provided for higher-altitude power generation. | |
| brainwhere.com | 2018 | Kilchberg, Switzerland | – | – | Airborne wind turbines are developed for high-altitude energy generation. | |
| kitepowersystems.com | 2016 | London, United Kingdom | $2.36M | – | Airborne wind turbines are manufactured for renewable energy applications. |
Detailed competitors of Kitemill
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Web traffic of Kitemill
The website of Kitemill (kitemill.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▲ 196.8% vs previous month
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Kitemill (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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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. The company's 1st funding round was a Grant of $52.65K, raised on Jan 2017.
Kitemill has 9 employees.
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.
Kitemill operates through Kitemill.