We want to make our patented Magnetic Air Drive technology the new gold standard for every contemporary kitchen. A contactless engine to drive a new generation of smart appliances that make food preparation simple, enjoyable and limitless. And all with the goal of inspiring global communities to adopt a healthier and more sustainable diet.
millo is the first step in this evolution.
SKS Innovation Award
millo took the top prize in the finals of the Start-Up Showcase at the Smart Kitchen Summit in Seattle. The award was established by WeWork.
IFA Innovation Award
From a field of nominees that includes Bosch, Google, Siemens, Miele and Philips, millo is awarded the prestigious Innovation Award for its Magnetic Air Drive technology at the leading global consumer electronics show IFA in Berlin.
millo receives an investment of 750,000 EUR for the finalization of the production stage.
Seed Investment Round
millo secures a further 452,000 EUR in support for further development.
Successful Kickstarter Campaign
millo’s Kickstarter campaign proves to be a resounding success, securing around 100,000 EUR in support.
millo receives support from business angels of 80,000 EUR. This is the first step in millo’s development.
Ruslanas TrakšelisFounder/ CEO
Ruslanas is a serial entrepreneur with over 12 years of experience in business development. His broad international network and 1st class degree in Business & Marketing enable him to guide millo’s growth and development.
Aivaras BakanasCo-Founder/ COO
Aivaras has over 15 years experience in sales and business development. As Head of Sales for Deeper Smart Sonar, he with his team grew its turnover from 0 to 10 million EUR. He is leveraging his international network of business contacts to give millo a truly global profile.
Benjaminas ŠulcasSenior electronics engineer
Benjaminas has over 10 years experience in electronics engineering. He has a background in innovation, and has founded two companies. He holds a Degree in Engineering from Kaunas University of Technology, Lithuania’s foremost technical university.
Audrius BražėnasMechanical engineer
Audrius has held senior positions in a range of mechanical engineering projects over the past 8 years. A graduate of Braunschweig Technical University, he is experienced in creating product prototypes and manufacturing lines for mass production.
Rolandas BabrauskasProgrammer embedded systems
Rolandas has over 25 years of experience in the industry. He has worked on IT solutions for projects ranging from medical devices to fuel injection controls on nanosatellites.
Gytė GerulaitytėMarketing Project Manager
Gyte is a graduate of the Stockholm School of Economics in Riga, and brings her experience of marketing within the Lithuanian schools community to direct millo’s communication and marketing strategy.