Alva Industries raises €16M to scale its ultra-compact electric motors

AI Today Summary
Alva Industries, a Trondheim-based deep-tech company, has secured €16 million in funding to expand production of its ultra-compact electric motors that utilize a patented FiberPrinting process. These motors are lighter and more efficient than traditional designs, making them suitable for applications in robotics, aerospace, medical devices, and defense. The new investment will support increased manufacturing capacity, product development, and international growth.
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