ILTE has provided an €8 million loan to LITILIT to fund commercialisation of its industrial femtosecond lasers. The national development bank announced the facility on 28 April 2026.
LITILIT is putting €2 million of its own capital alongside the loan, taking the project to €10 million. Commercialisation is planned for the second half of 2029.
LITILIT, led by Chief Executive and co-founder Nikolajus Gavrilinas, makes industrial femtosecond lasers. The other co-founders are Kęstutis Regelskis and Nerijus Rusteika.
Gavrilinas said the aim is to make the lasers “a reliable and accessible tool suitable for mass production.” Giedrė Gečiauskienė, an ILTE board member, said investment in research and experimental development is essential if Lithuanian companies are to create higher-value products and stay competitive in global markets.
The loan follows a €3.7 million Series A equity round in 2022 equity round led by Taiwania Capital who invested €3.5 million, with existing backer Iron Wolf Capital adding €200,000. That was the first investment in a Lithuanian company from Taiwania’s Central and Eastern Europe fund. Iron Wolf had already provided the seed.
ILTE is Lithuania’s national development bank.