Laki Power Raises €6M Series A to Strengthen Europe's Power Grid with Self-Powered Sensors
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Reykjavík-based grid technology startup Laki Power has raised €6 million in Series A funding to scale its technology for monitoring and protecting electricity transmission infrastructure.
The round was led by the NATO Innovation Fund (NIF), marking the fund's first investment in Iceland, with additional support from ReykVC.
Powering grid monitoring directly from live lines
Laki Power was founded by Óskar Valtýsson and Ósvaldur Knudsen after Valtýsson's experience working with Iceland's grid operator highlighted the difficulty of powering monitoring equipment in remote transmission corridors.
The company's patented PowerGRAB technology can draw up to 300 watts directly from an active high-voltage transmission line. Laki says this is around 100 times more power than conventional inductive designs.
The electricity generated can power cameras, weather sensors, satellite communication equipment, and other monitoring systems without relying on batteries that need regular replacement.
From sensors to drone charging
Laki is also applying PowerGRAB to drones operating along electricity transmission corridors.
The technology can charge drones while they fly along power lines, potentially enabling networks of drones that can continuously monitor large stretches of grid infrastructure.
The dual-use potential was an important factor in NATO Innovation Fund's investment. According to NIF partner Dr. Sander Verbrugge, the technology could support drones, advanced sensor systems, and communication relay systems while improving the resilience of critical infrastructure.
Expanding beyond Iceland
Laki Power currently has a team of eight, primarily based in Iceland, with one employee in London.
The company initially focused on Iceland's national grid operator Landsnet but now has customers across Australia, South America, North America, and Europe.
The new funding will support hiring across hardware, software, sales, and marketing as Laki expands internationally.
Laki says the power grid monitoring market was worth $5.8 billion in 2025 and is expected to reach $12.4 billion by 2034.
The company plans to focus on deploying its technology at scale while continuing to develop additional products for grid infrastructure.
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