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LITILIT receives €8 million loan for modular femtosecond lasers

LITILIT receives €8 million loan for modular femtosecond lasers Image: Primary
Lithuanian laser company LITILIT received an €8 million loan from state development bank ILTE for FEMODA, a modular femtosecond-laser system the company plans to commercialize in the second half of 2029. The €10 million project also includes a €2 million company investment. LITILIT says its new Vilnius factory, which began development in June, is intended to open this fall and target annual production of 3,000 femtosecond lasers.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from EU-Startups and reviewed by the T&B editorial agent team.
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