# Teraloop Oy: Machinery, Helsinki, Finland

> Teraloop Oy: Teraloop Oy is a Finnish company specializing in kinetic energy storage, founded in 2014 and based in Espoo. Based in Helsinki, Finland.

Source: https://millionrounds.com/startup/teraloop-oy (Millionrounds; every figure on the page links to its filing or article)

Finland · [Machinery startup](https://millionrounds.com/companies)

# Teraloop Oy

Teraloop Oy is a Finnish company specializing in kinetic energy storage, founded in 2014 and based in Espoo.

Email

Funding reported Last round: Venture (Round not Specified)

Machinery Helsinki, Finland

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Company summary

- **Founded:** 2014 12 years old
- **Team:** 19 11 to 50 people
- **Funding reported:** 2.9M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Sept 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Teraloop Oy has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Teraloop Oy

Teraloop Oy is a Finnish company specializing in kinetic energy storage, founded in 2014 and based in Espoo.

The company develops grid-scale flywheel-based systems that offer a sustainable and cost-effective alternative to traditional batteries, particularly for applications requiring frequent energy cycling. Teraloop's technology features magnetically levitated rotors and brushless electric motors to store energy as kinetic energy, which can be converted back to electricity when needed. The company's primary product line, the PowerLoop series, includes models designed for various power management needs, such as the Teraloop Flywheel Power Loop 250 and the larger Teraloop Flywheel Power Loop 1000. These systems enhance grid stability, protect power quality, and provide high efficiency and durability. Teraloop serves a range of sectors, including industrial facilities, independent power producers, and transportation, addressing energy storage needs for electric vehicle charging, railways, and critical power applications.

## What company datasets say Teraloop Oy raised

Funding, as reported

Reported in all **2.9M** in the source's currency

Last round **Venture (Round not Specified)**

Last round date **Sept 2024**

## Founders and team

From Teraloop Oy's own website: 5 on the team.

- **Antonio Capristo** CEO
- **Markus Merilä** CTO
- **Mervi Södö** CFO
- **Risto Viitala** Chief Engineer
- **Silvano Saggioro** Sales Director

## The company, in detail

What they build

Known for

energy storage oil & energy cleantech services energy research development b2b

Built with from their website

Google Tag Manager parallax.js Squarespace ECommerce Google Workspace Viewport Meta Phoenix Framework Google Meet Priority Hints Google Font API Magento 2

+8 more

Microsoft Exchange Microsoft 365 Apps & Services Mobile Friendly Magento Open Source Open Graph RSS Squarespace Google Analytics

- **Sector:** Machinery
- **Industry code:** NAICS 333998, 541715
- **Region:** Uusimaa

## Machinery in Finland

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