Visedo is the rising star of the Finnish cleantech scene
To get out of fossil fuels and enable a global energy transition all industries must be electrified and powered by renewable energy. Founded in 2009 in Lappeenranta, the high-tech epicentre of Finland’s Far East, Visedo is an early mover when it comes to electrifying marine vessels such as ferryboats and barges and heavy duty vehicles and machines used in mining, construction and transport. Visedo makes customised electric propulsion systems to convert vessels and vehicles to fully electric or hybrid machines with zero or low emissions. After raising a €13.5M Series C in December 2016 from Emerald, VNT Management, Sinituote, Tesi, Green Campus Innovations and others, Visedo is now the rising star of the Finnish cleantech scene enjoying sustainable traction.
Last year the late stage startup achieved over €5M revenues and an annual growth rate of 100% with 60 employees. Co-Founder and CEO Kimmo Rauma is a sales machine himself, every week he is in another country talking to one of his 50 customers that include Volvo Group, Damen and Linkker. As part of the new funding round, Kimmo also brought in fresh human capital recruiting seasoned CFO Tarja Järvinen and CMO Nina Harjula, herself a globally connected cleantech and marketing geek. Visedo now has a beautiful new brand identity and recently hired Life Size Media to spread the word about electricity in motion.
Originally, Veijo Karppinen, the Founder of VNT Management and Vacon (merged with Danfoss), had the vision that electrification will happen anywhere and that heavy duty machines should be next. In 2009, Veijo and his VNT partner Harri Ollila searched for customers, technology and talent and found the Lappeenranta University of Technology where Kimmo Rauma was a researcher at the time. Soon after, VNT Management co-founded Visedo and became one of the first investors together with Nuremberg-based Semikron that is still a key supplier to Visedo. 7 years later, Visedo is a well positioned global startup and chances are that acquirers from China and Japan will soon knock on their door.
Tags: Cleantech, Damen, Electric heavy duty machines, Electric marine vessels, Electricity in motion, Electrification, Emerald Technology Ventures, Finland, Finnish Industry Investment, Green Campus Innovations, Harri Ollila, Industrial electrification, Kimmo Rauma, Lappeenranta University of Technology, Late Stage Startup, Life Size Media, Linkker, Nina Harjula, Semikron, Sinituote, Smart Green Startup, Tarja Järvinen, Tesi, Veijo Karppinen, Visedo, VNT Management, Volvo Group