Wirepas Secures €24 Million EIB Loan and €5 Million Investor Funding to Scale Mesh Networking

Folks, we have big news! With a capital B. 🤸 The European Investment Bank (EIB) is trusting us with a €24M loan. The financing accelerates our R&D activities in Finland and France in our continuous commitment to European standards and supports the global expansion of our connectivity technology for ultra-resilient, massive-scale infrastructure networks. On top of that, we're especially proud that our existing investors and board members are reinforcing their belief and commitment to everything Wirepas stands for, with an additional €5M investment. This is a strong vote of confidence in our shared vision and our technology. They clearly see the same long-term potential that we do. "Tesi has been a proud and longstanding investor in Wirepas and has evidenced its business growing to large commercial scale with more than 20 million deployed nodes, thanks to the team’s strong efforts and uniqueness of the technology. We are also happy to continue our co-operation with EIB in investing into Finnish world-class deep tech companies.” - Juha Lehtola, Director, Venture and Growth Investments, Tesi We all see the importance of resilient, scalable European technology, and this close to €30M combined additional funding from all parties signals a recognition in the need to strengthen digital sovereignty and industrial competitiveness. Ever grateful to the #EIB, our investors, customers and partners - we see every year together as trust and continued support. In return, we bring you our resilient connectivity to keep operations, business and life uninterrupted. Always. 👏 Read the full announcement here: https://lnkd.in/dXAwWyzh #Wirepas #RFMesh #InvestEU