Filtrabit Secures €5 Million Loan from Norion Bank to Accelerate Decarbonization Efforts

Helsinki, Finland – September 11, 2024 – Filtrabit, an innovative climate tech company specializing in industrial dust separation, today announced a €5 million loan from Norion Bank, a prominent Nordic financing group. This financing strengthens Filtrabit’s position as an innovator in industrial dust separation driving decarbonization by enabling the expansion of their unique operating lease model.

Partnership for a Sustainable Future

Filtrabit’s innovative approach to dust extraction, coupled with their scalable lease model, resonated strongly with Norion Bank’s commitment to supporting environmentally conscious businesses. This strategic partnership allows Filtrabit to accelerate the deployment of their technology, directly impacting the reduction of particulate emissions within heavy industries.

Funding Fuels Organic Growth

The €5 million loan from Norion Bank complements a recent €4 million capital loan secured by Filtrabit from the Finnish Climate Fund. This combined financing empowers Filtrabit to address the upfront and capital costs associated with manufacturing new dust extraction units for their growing portfolio of lease agreements.

Positioned for Continued Success

“This significant commitment from Norion Bank validates the impact of our technology and operating model,” says Kim Fagerlund, CEO of Filtrabit. “The financing will allow Filtrabit to further accelerate the organic growth over the coming period.”

About Filtrabit

Filtrabit is a Finnish climate tech company dedicated to providing innovative solutions for industrial dust separation. Their patented flow-dynamic technology and unique operating lease model facilitates rapid installation and scalability, empowering heavy industries to achieve significant emissions reductions. Filtrabit is headquartered in Finland. Read more on: www.filtrabit.com 

Contact

Kim Fagerlund, CEO, Filtrabit