Stockholm-based Vaja AB has raised €3.1 million in seed funding to support the rollout of its solar tracking technology. The round was led by The Footprint Firm, with participation from node.vc. The company said it has now secured €6 million in total capital to date, including equity investment and grants.
Vaja develops VajaTrack, a vertical single-axis solar tracking system designed to improve energy production and project revenue for solar installations. The company said the new funding will be used to accelerate market entry and product validation, deliver customer installations, advance its core solar tracking technology, and expand the team.
The raise comes as investors continue to back energy technologies aimed at improving solar performance and economics, particularly in markets where conventional system designs may be less efficient.
Vaja develops VajaTrack, a vertical single-axis solar tracking system designed to improve energy production and project revenue for solar installations. The company said the new funding will be used to accelerate market entry and product validation, deliver customer installations, advance its core solar tracking technology, and expand the team.
The raise comes as investors continue to back energy technologies aimed at improving solar performance and economics, particularly in markets where conventional system designs may be less efficient.