Vilnius-based LITILIT secures €8 million financing to make femtosecond laser systems scalable

Market sources reveal that homeLithuania-StartupsVilnius-based LITILIT secures €8 million financing to make femtosecond laser systems scalable FundingLithuania-Startups Vilnius-based LITILIT secures €8 million financing to make femtosecond laser systems scalable By Rahul Raj August 18, 2026 Share FacebookTwitterWhatsAppLinkedin LITILIT, a Vilnius-based company, has received an €8 million loan from the Lithuanian National Development Bank ILTE for the development of a femtosecond laser modular system (FEMODA) intended to speed up the adoption of advanced lasers and open the door for new applications. HomeLithuania-StartupsVilnius-based LITILIT secures €8 million financing to make femtosecond laser systems scalable FundingLithuania-Startups Vilnius-based LITILIT secures €8 million financing to make femtosecond laser systems scalable By Rahul Raj August 18, 2026 Share FacebookTwitterWhatsAppLinkedin LITILIT, a Vilnius-based company, has received an €8 million loan from the Lithuanian National Development Bank ILTE for the development of a femtosecond laser modular system (FEMODA) intended to speed up the adoption of advanced lasers and open the door for new applications.The total value of the project is €10 million, while the commercialisation of the new technology is planned for the second half of 2029.The company recently broke ground on a large-scale femtosecond-laser facility in Vilnius.  Nikolajus Gavrilinas, CEO of LITILIT, says that the new system will significantly expand the applications of femtosecond lasers.Key players involved: Goldman Sachs Asset Management, GI Partners This development has significant implications for the industry, potentially influencing competitive dynamics, investment patterns, and strategic priorities across the sector. Our new laser system will open new applications in existing large-scale industries, such as the mass production of metal tools and the formation of specialised coatings on large surfaces, like aircraft or car bodies. Market ImplicationsForward-Looking IndicatorsContinued consolidation expected in the sectorIncreasing focus on digital transformation and innovationGrowing importance of ESG considerations Expert Commentary Looking AheadFor complete details on this development, refer to the original report from EU-Startups. Frequently Asked Questions