Subra, a deeptech company, has raised €40 million in a Series A funding round led by Novo Holdings, with participation from Maj Invest and SPRIND.
Alongside the funding, the company has acquired THEVA Dünnschichttechnik to strengthen its position in advanced superconducting technologies.
What The Company Does
Subra develops high-temperature superconductor (HTS) cable systems designed to improve the efficiency and scalability of energy transmission. Its core product, SUBRACABLE, enables near zero-loss electricity transmission, addressing limitations in conventional grid infrastructure.
Founded in 2014 as a spin-off from the Technical University of Denmark, the company focuses on solutions for energy systems, industrial applications, and emerging technologies such as fusion energy.
The acquisition of THEVA adds complementary expertise in superconducting material manufacturing, allowing Subra to integrate both cable design and material production within a single organisation. This combination is expected to enhance control over the value chain and improve production capabilities.
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Market Context / Industry Background
Superconducting technologies are gaining attention as energy systems face increasing pressure to improve efficiency, capacity, and sustainability. As electrification accelerates across industries, demand for advanced transmission solutions is expected to grow, particularly in regions investing in renewable energy infrastructure.
Europe has identified superconductors as a strategic technology, both for energy transition goals and for reducing reliance on external supply chains. Strengthening domestic capabilities in materials and manufacturing is becoming a priority within broader industrial policy frameworks.
By combining Danish and German expertise, Subra’s expansion reflects a wider trend of consolidating deeptech capabilities within Europe to support long-term technological independence.
Founder / Investor Commentary
Anders C. Wulff, CEO of Subra, described the acquisition as a step toward building a unified platform for superconducting innovation. He noted that combining complementary technologies and expertise allows the company to accelerate development and deployment of solutions for modern energy systems.
He also highlighted the timing of the move, pointing to increasing pressure on European energy infrastructure and the need for more efficient transmission technologies to support the transition toward low-carbon energy systems.
Growth Plans / Use Of Funds
The €40 million funding will be used to integrate operations between Subra and THEVA, expand manufacturing capacity, and accelerate product development. The combined company will operate across facilities in Denmark and Germany, aiming to scale production and serve both European and global markets.
Subra plans to focus on applications in energy transmission, research infrastructure, and industrial systems, while continuing to invest in innovation within superconducting materials and cable technologies.
About Subra
Subra is a Danish deeptech company developing superconducting solutions for energy transmission and advanced industrial applications. Founded in 2014 and headquartered in Denmark, the company focuses on high-temperature superconductors that enable efficient, low-loss power systems and support the transition toward sustainable energy infrastructure.
