# Alva Industries AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alva-industries

- Industry: Power & Utilities
- Headquarters: Trondheim, Norway
- Website: www.alvaindustries.com
- Total disclosed funding: $11M
- Latest round: Series A (Mar 17, 2023)
- Investors on record: 4

## About

Based in Trondheim, Norway, and co-founded by Jørgen P. Selnes (CEO) and Knut Nielsen in 2016, Alva Industries AS doing business as Alva operates as a manufacturer and developer of ironless motors, generators, and propulsion systems. In July 2026, Alva Industries AS raised EUR 16 million in venture funding co-led by new investors Emerald Technology Ventures, Nysnø Climate Investments, and Sandwater, with participation from another new investor  Samsung NEXT Ventures. Returning investors EnvisionTech, Statkraft Ventures, and Statkraft Ventures also participated in the round.

The company manufactures ironless and slotless motor products with full customization features for mission-critical aerial propulsion systems and industrial Unmanned aerial vehicle (UAV) systems. The company through its winding technology, FiberPrinting™, with features like copper fill factors, offers rapid design and production of custom electric motors, in any size and volume including prototype to series production. Some of Alva’s products are systems such as ALTUS X60 Uno, Motors such as X60-Kv120, etc.

The company plans to utilize its June 2026 funding to expand manufacturing capacity, develop new electric motor products, and support international growth.

## Funding rounds

- Series A, Mar 17, 2023, $11M — Hatteland Group, Statkraft Ventures, Drone Fund, EnvisionTech

## Investors

- Hatteland Group — Series A
- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series A
- Drone Fund (https://capitalatlas.ai/funds/drone-fund) — Series A
- EnvisionTech (https://capitalatlas.ai/funds/envisiontech) — Series A