Germany's Voodin Blade Technology and three partners secured a €48.18 million grant from the EU Innovation Fund for the Voodin Blade 1st Factory (VB1F) project. The consortium includes project coordinator VMG Wood Invest, VMG Technics, Voodin Blade Technology, and Anker-Tec. The funding will support a first-of-its-kind factory in Navarre, Spain, expected to launch in 2031 and produce up to 160 sets of wooden wind turbine blades per year.
About Voodin Blade Technology
Voodin Blade Technology has developed a fully automated, mold-free manufacturing process to produce fully recyclable wind turbine blades made from Laminated Veneer Lumber (LVL), replacing conventional composite materials with engineered wood.
Germany, Germany
Read Company ProfileFrequently Asked Questions
What type of funding round did Voodin Blade Technology raise?
Voodin Blade Technology raised a grant round.
How much did Voodin Blade Technology raise in its grant?
Voodin Blade Technology raised $48,180,000 EUR in its grant.
When did Voodin Blade Technology raise its grant?
Voodin Blade Technology raised its grant on 2026-07-21.
Who invested in Voodin Blade Technology's grant?
The investors in Voodin Blade Technology's grant are: EU Innovation Fund.
What type of investment was Voodin Blade Technology's grant?
Voodin Blade Technology's grant was a equity investment.
How will Voodin Blade Technology use the funds from its grant?
Voodin Blade Technology plans to use the funds for: scale the production of fully recyclable wind turbine blades made from Laminated Veneer Lumber (LVL), build the Voodin Blade 1st Factory (VB1F) project, establish Spain’s first automated, mold-free wind turbine blade factory in Navarre, create an all-European sustainable supply chain.