Telura Secures €4 Million Pre-Seed Funding for Electric Impulse Drilling to Enhance Geothermal Energy Access
Munich-based startup Telura has raised €4 million in a pre-Seed funding round led by Nucleus Ventures, Possible Ventures, and First Momentum. The funding will support its electric impulse drilling technology aimed at unlocking geothermal energy. Telura plans to enter the market in 2026 under a validation agreement with SPRIND. Founded in 2025 by Philipp Engelkamp and Andrew Welling, the company aims to address Europe's energy gap by providing reliable baseload power through geothermal resources.
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Telura, a DeepTech startup based in Munich, has raised €4 million in a pre-Seed funding round from Nucleus Ventures, Possible Ventures, and First Momentum. The funding will support its electric impulse drilling technology, which aims to enable geothermal energy access.
Telura plans to validate its technology through an agreement with SPRIND and aims for market entry in 2026. The company emphasizes the urgency of addressing Europe's energy gap, forecasting potential reserve shortages by 2029.
Telura's approach utilizes high-voltage pulses to break rock, significantly reducing project costs associated with traditional drilling methods. Founded in 2025, Telura's technology builds on over two decades of research from leading German universities.
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