At a Glance
Talas Electric has developed, productionized and IPR protected (patent is in process) a unique measurement method to help industry customers optimize their electric motors availability, replacement and service intervals.
Traction and Ask
With €15k net annual revenues from pilot installations in the last 12 months and leading industry, municipality and defense customers with facilities like power plants, sawmills, wood and pulp industry, freshwater and wastewater pumping stations, Talas Electric is now looking to raise €150k funding. The ideal investor would have expertise in industrial electrical components and/or HW / SW business in the Nordics and/or in the EU. The investment is needed to:
- Reach 100+ customers within EU and €2M net revenues by Q4 2026.
- Strengthen the team with 1 new hire in sales and marketing and business development.
- Develop EU wide customer delivery network utilizing cooperation partners.
Market, Business Model, Financials and Team
Founded in 2015 in Helsinki, Talas Electric is poised to capture a significant share of the global industrial electric motors usability improvement market worth €1,5B (+5-7% CAGR/Year).
Talas Electric is monetizing through direct sales charged to B2B and B2B2B industrial, defense and municipal customers. Additionally monthly fee from the electric motor data collection and use for customer’s service interval optimization is in the planning. Revenue is forecasted to reach €2M by Q4 2026.
Product installations have been already delivered and in use at some major players in the wood and paper industry, municipal water pumping stations, steel industry, power generation and defense business.
Talas Electric team of 4 (2 full-time and 2 part-time employees) combines several decades of manufacturing, electronic and automation technology, international sales and product development expertise.
Competitive Advantage
Key USPs versus competitors (like Bender) are:
- First in the world to measure electrical motors insulation resistance and thus optimize motors service intervals and usability in a Variable Frequency Drive (VFD) driven systems.
- First to measure both in grounded and IT systems.
- First to measure without adding additional connections to electric motors in field installation thus making retrofitting commercially viable.
Round Details
At a €550k pre-money valuation, Talas Electric aims to close this round by January 30, 2024. Some minority investors have already committed to join with €25k. The minimum investment ticket size is €10k.
Talas Electric has previously raised ca. €100k in private capital from business angels to develop and validate its product and secure IPR, validate the product market fit and develop scalable production and delivery chain, which means that, after this investment round is secured, Talas Electric is fully ready for international commercial uptake.
Get in Touch
Seppo Hatunen, CEO / Partner, and the other owners and founders, are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their KPIs and financial plans in detail.