Founded in 2025 by Philipp Engelkamp and Andrew Welling, Telura is building an electric-impulse drilling system that fractures rock with high-voltage pulses rather than mechanical grinding. This approach promises to cut drilling time and costs, addressing the primary bottleneck—drill-bit wear—when accessing 5–20 km-deep geothermal reservoirs. The technology stems from more than twenty years of research at leading German technical universities and has already demonstrated efficient granite breakage in tests. Telura’s system integrates with existing drilling rigs, allowing for faster field deployment and compatibility with current industry workflows. The company plans to enter the market in 2026 and has a validation agreement with SPRIND to accelerate commercialization. Telura positions geothermal as a 24/7 baseload energy source critical for Europe’s looming power shortfall driven by AI and electrification. To date, the startup has secured €4 million in pre-Seed funding to advance engineering and scale its prototype toward field-ready systems.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2026