Lithuanian startup Aktyvus Photonics receives €4.2M from ILTE Lietuva

Lithuanian laser technology developer Aktyvus Photonics has received a €4.2M strategic loan from Lithuania's national agency ILTE Lietuva. The loan is part of ILTE's Billion for Business Facility, which was created to support projects in the closed-loop economy, digitalization, energy efficiency, high value-added product development and defense sectors.

According to CEO of Aktyvus Photonics Laurynas Šatas, the funds received will be used to increase production capacity and further develop new integrated laser devices.

Aktyvus Photonics, a company founded in 2020 in Vilnius, Lithuania, specializes in laser technologies for extreme environments, including defense applications. The co-founders of Aktyvus Photonics are Tomas Žalandauskas and  Laurynas Šatas.

ILTE is Lithuania's national development bank providing financial services to local businesses, the public sector, agriculture and fisheries. The organization was founded in 2001.