On September 19, Neo Performance Materials opened its new rare earth magnet manufacturing facilities in Narva, Estonia. Neo’s magnet plant in Estonia is playing a catalytic role in strengthening European supply chains for rare earth magnets. 
The Just Transition Fund supports this plant with EUR 14.5 million. It will

On September 19, Neo Performance Materials Inc. announced the signing of a multi-year Memorandum of Understanding with Robert Bosch GmbH as it nears commercial production at its new rare earth magnet plant in Europe.
The commitment from Bosch will enable Neo to plan and optimize the design and construction of the nex

On August 7, Autoware Foundation announced that AuveTech has joined it as an Industry Member. AuveTech will participate in the Operational Design Domain (ODD) Working Group, the Software Working Group, and the Reference Design Working Group. Their goal will be to support the community with practical integration insig

On July 9, Neo Performance Materials Inc. (Neo) announced that it has secured a supply contract for a new platform of permanent rare earth magnets with a leading European Tier 1 supplier of electric vehicle (EV) traction motors for a major OEM.
The magnets will be supplied from Neo’s new rare earth magnet plant in N

On June 19, Invest in Estonia announced that US tech company indiGO Technologies has acquired Estonian autonomous vehicle developer Clevon. Clevon will now operate under a new brand and American leadership. The acquisition, completed through a share swap, gives indiGO a 96.04% stake in Clevon AS. 
The deal will be a

On June 18, Neo Performance Materials Inc. announced that its Made-in-Europe permanent magnet, produced in Estonia, was showcased by the EU Commission President during the 2025 G7 Summit. These magnets are the first Made-in-Europe magnets to meet the specifications of Tier 1 traction motor manufacturers and major aut

On May 19, Auve Tech announced the MiCa 2.0 autonomous shuttle. Powered by the new Auve Stack 2.0, it offers smarter software, smoother ride quality, and stronger performance in busy city traffic. It can navigate real-world environments with greater precision. Auve Tech is a 100% Estonian-owned company developing Lev

On April 25, Invest Estonia announced that Estonia will launch a new chip center.
The EUR 2.4 million initiative, jointly funded by the EU’s Digital Europe program and Estonia’s Ministry of Economic Affairs, brings together AS Metrosert, Enterprise Estonia, and the Estonian Electronics Industry Association in a strat

On April 9, UP Catalyst, in a social media post, announced that it has secured EUR 18 million European Investment Bank (EIB) financing to advance the EU’s critical raw material production.
It will help UP Catalyst to scale up molten salt electrolysis technology and produce high-performance carbon materials for EV bat

On January 31, Invest in Estonia announced that Gridio, a Tallinn-based startup that helps electric vehicle owners charge their cars when electricity is cheapest, has raised EUR 2.4 million in seed funding. The round was led by Neoinvesteeringud, with Encevo, SmartCap, and Renergy joining.
It requires no additional h

On December 19, UP Catalyst announced that it has achieved the lowest carbon footprint for CNTs (carbon nanotubes) and one of the lowest for battery-grade graphite. The cradle-to-gate LCA was conducted by the Research Institutes of Sweden (RISE) and reviewed by Bureau Veritas Poland and Estonia offices. 
The results

On December 2, Invest Estonia announced that Estonian-based Auve Tech has secured Level 4 autonomous driving approval in Japan for its MiCa shuttle. The company’s autonomous shuttles commenced operations on public streets in Taki Town, Mie Prefecture on November 29, 2024. 
The MiCa shuttle is an 8-seat autonomous veh

On November 4, Neo Performance Materials Inc. entered into a loan agreement with Export Development Canada for a term loan of up to USD 50 million to finance the ongoing construction of the sintered magnets facility in Narva, Estonia. The plant is expected to be completed in 2025. 
Strategically located near Neo’s ex

On September 10, UP Catalyst closed a EUR 2.36 million seed extension round. This follows the initial seed round raised last December which amounted to EUR 4 million, bringing the total seed funding to EUR 6.36 million.  
This investment will expedite the development of an industrial pilot reactor capable of processi

On August 22, Invest in Estonia announced that cleanTech startup UP Catalyst raised a EUR 2.36 million seed extension round. The funding will accelerate the construction of its industrial production unit, positioning UP Catalyst as the largest provider of CO₂-grown carbon materials globally. UP Catalyst produces two

Neo Performance Materials Inc. announced that its subsidiary in Estonia, NPM Narva OÜ, won a contract to supply sintered rare earth magnets to a leading European Tier 1 supplier of EV traction motors. The sintered magnets will be supplied by Neo’s new manufacturing facility in Estonia, under its Magnequench segment.

On June 18, Elcogen laid the cornerstone of a new factory in the Loovälja Industrial Park near Tallinn. The 14,000-square-meter factory will significantly increase its current production capacity of solid oxide cells and stacks to meet the growing global demand for emission-free energy and green hydrogen-producing fu

On June 6, Skeleton announced its participation in the Hydrogen IPCEI Hy2Move for the transportation sector, aiming to develop pioneering high-power energy storage solutions for hydrogen fuel cells (H2FC), extend their lifespan, and increase efficiency. 
Skeleton will collaborate with other IPCEI Consortium members,

On May 13, Skeleton Technologies selected France and the Occitanie region to invest EUR 600 million within 5 years. It will start R&D activities in Toulouse in Q4 2024 to develop next-generation battery technology. In the second phase, the group plans to build a manufacturing facility in the Occitanie region to produ

On May 3, Elcogen announced the development of a new factory in Tallinn to expand its solid oxide fuel cell and stack and solid oxide electrolyzer cell and stack manufacturing capacity.
Construction of the new 14000 square meters facility in Loovälja Industrial Park started at the beginning of January 2024, with oper