pletes €2.5m seed fund-raise to accelerate commercial roll-out
Summary
Founded in 2018, Genevos has evolved into an industry leading fuel cell integrator, which today welcomes on board Impact Ocean Capital, a fund dedicated to supporting and financing innovative companies which contribute to the decarbonisation and sustainability of the maritime industry. This initial seed round will support product commercialisation in key maritime markets such as workboats and service vessels, unmanned surface vessels, and ferries.As an enabler of maritime hydrogen fuel cell power, Genevos has achieved several accolades notably, Lloyds Register Approval in Principle (AiP) certification across the Hydrogen Power Module (HPM) marine fuel cell range, in addition to validation of the complete hydrogen energy system installation on board the IMOCA OceansLab Cleantech Accelerator.Impact Ocean Capital, a fund launched in 2023 with the objective to protect the worlds oceans, is managed by GO Capital. This investment supports the profound transformation of the maritime sector where new emissions regulations require major changes in vessel propulsion.Genevos accelerates the clean energy transition by making accessible an end-to-end solution for achieving zero emissions transport. This includes engineering services and award-winning drop-in marine fuel cell power modules revolutionising maritime power with an environmentally friendly solution featuring high scalability and redundancy.Controlling climate change is reliant on powerful collaborations based on action-orientated environmental missions. Commented Genevos Co-Founder and CEO, Rebecca Sharp.