Radix Ventures has invested €1.5 million in Naco Technologies to support its expansion and production capabilities for advanced nano-coating solutions in the green energy sector.

Information on the Target

Naco Technologies is a prominent Latvian company specializing in advanced nano-coating solutions aimed at enhancing the efficiency of green energy systems. The company is known for its innovative use of proprietary magnetron sputtering technology, which allows for the application of ultra-thin coatings at high speeds. This technology significantly improves energy efficiency while increasing the durability of components used in various green energy applications.

By achieving up to a 90% reduction in the usage of rare and costly materials such as platinum and iridium, Naco Technologies' solutions not only lower production costs but also facilitate scalability in hydrogen production and other green energy technologies, making them more accessible on a global scale.

Industry Overview in Latvia

The green energy sector in Latvia has been witnessing remarkable growth, driven by the government's commitment to sustainability and the EU's green initiatives. The Latvian government has set ambitious targets for increasi