Aurelia Turbines Oy
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Aurelia Turbines Oy - overview
Established
2013
Location
Lappeenranta, -, Finland
Primary Industry
Power & Utilities
About
Based in Lappeenranta, Finland, and founded in 2013, Aurelia Turbines Oy designs and manufactures small gas turbines for industrial applications. The company was founded by Matti Malkamäki. In December 2021, Aurelia Turbines raised EUR 5 million in venture debt funding from Ilmastorahasto. As of 2024, the company is led by its CEO, Tony Hynes.
Aurelia Turbines specializes in the design and manufacturing of small gas turbines, with its flagship product being the Aurelia® A400, which provides 400 kWe of electrical output and boasts an efficiency rate exceeding 40%. The company’s turbines are designed to operate with a variety of fuels, including hydrogen, biogas, synthetic gas, and other renewable and non-standard fuels. Aurelia Turbines markets its products globally, with a notable presence in regions such as Europe and South America, catering to energy providers and industrial clients. Aurelia Turbines generates revenue through the direct sale of its gas turbine products, specifically the Aurelia® A400, to various commercial and industrial clients.
The company's transaction structure is primarily B2B, focusing on partnerships with energy firms and system integrators.
Current Investors
First Imagine! , Green Campus Innovations
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services, Wind Power
Website
www.aureliaturbines.com
Verticals
Manufacturing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Aurelia Turbines Oy - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 1,377.7 | - | 208,435 | - | - | - |
| % Revenue Growth (YoY) | - | - | (100.0%) | - | - | - | - |
| EBITDA (USD) | (1,820,773.8) | (2,509,484.7) | (1,749,362.5) | (1,626,115.2) | - | - | - |
| Operating Income (USD) | (2,351,057.8) | (2,987,056.4) | (2,220,293.6) | (2,393,345.2) | - | - | - |
| Operating Margin | - | (216814.7%) | - | (1148.2%) | - | - | - |
| % EBITDA Margin | - | (182150.3%) | - | (780.2%) | - | - | - |
| NET Income (USD) | (2,495,619.3) | (3,154,890.4) | (237,207,447) | (2,595,362.9) | - | - | - |
| % Net Margin | - | (228996.9%) | - | (1245.2%) | - | - | - |
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