KTH Holding AB has invested in Foil Technologies AB to support the development of affordable hydrofoil systems as part of its commitment to sustainability and electrification in the maritime industry.

Target Company Overview

Foil Technologies AB is an innovative company that has gained traction through its participation in the KTH Innovation ecosystem. It was recently a part of the KTH Innovation pre-incubator program, which has significantly contributed to its development. Following the program, KTH Holding AB recognized the potential of Foil Technologies and decided to invest, supporting the company’s journey towards market readiness. The primary goal is to launch a commercial prototype by the end of summer, with plans to rigorously test all integrated software and hardware components in a marine environment.

Industry Overview in Sweden

The technology sector in Sweden is recognized as one of the most innovative and dynamic in Europe. Driven by a strong emphasis on research and development, Sweden has established itself as a leader in sustainable technologies, particularly those addressing climate change. The increasing pressure for sustainable solutions has spurred interest in electrification across various sectors, including maritime transport. Innovations in this field are spearheaded by a high number of start-ups that thrive on collaboration with universities and research institutions.

Sweden’s commitment to sustainability is further reflected in its policies that encourage technological advancements for environmental compliance. With growing investments in renewable energy and smart maritime technologies, the landscape is ri