Eindhoven’s eLstar Dynamics secures €10M to boost its sustainable glass tech and reduce energy use

Eindhoven-based eLstar Dynamics, a developer of dynamic glass technology, has secured €10M in funding from an innovative top 100 Dutch company.

The Dutch company is focused on developing smart glass solutions for buildings and automobiles, which will reduce waste and support the goal of net zero emissions.

Before this round, eLstar Dynamics had raised a total of €13M from Wafloma and Panthea BV, two Dutch family offices with strategic interests in the company’s sustainability-focused technology.

Capital utilisation

eLstar Dynamics will use the funds to support the technological development of its adaptive glass products, with plans to bring them to market.

The company claims to capitalise on the increasing demand for energy-efficient, sustainable, and cost-effective solutions in the building and automotive sectors.

Anthony Slack, CEO of eLstar Dynamics, says, “eLstar is now entering the scale-up phase and embarking on a path to commercialisation. We are immensely grateful for the support of our new investor and the confidence they have in our ability to deliver the full potential of our technology.”

“This funding not only reinforces our commitment to developing sustainable and energy-efficient solutions but also propels us closer to our goal of commercialising products that will significantly reduce energy consumption in buildings and vehicles. We are now at the forefront of deploying technology towards a more sustainable future,” adds Slack.

Brief about eLstar Dynamics

Founded in 2019, eLstar Dynamics develops and provides adaptive smart glass for applications in architecture, automotive, and specialty markets. 

The company offers sustainable and affordable smart glass solutions, using existing manufacturing facilities to reduce energy use and environmental impact. 

eLstar’s smart glass is powered by Electrophoretic Light Emulator (ELM) technology. This technology controls solar energy entry, allowing heat to enter when needed and blocking it when not, leading to energy savings and enhanced visual comfort.

Earlier this year, in February, eLstar Dynamics and TNO partnered to develop SwitchARP, a non-transparent switchable glass-based panel designed to accelerate energy renovation in buildings. 

The panels regulate heat management by adjusting sunlight absorption and reflection, helping to control heating and cooling. The two-year project, partly funded by the Netherlands Enterprise Agency (RVO), combines eLstar’s Electrophoretic Light Modulator (ELM) technology with TNO’s expertise in adaptive facades. 

The goal is to demonstrate that this switchable building envelope can provide an energy-efficient, cost-effective alternative to traditional insulation, potentially even generating energy for heating in winter.