Equinox Ocean Turbines secures EUR 2.4 million in seed funding
Summary
Equinox Ocean Turbines closed a EUR 2.4 million seed round led by EIT InnoEnergy, with participation from Damen Maritime Ventures, NOM, FOM, Init Power, and private investors. The company develops ocean current turbine technology and plans to use the capital to accelerate development. Management says the funding will help bring the first turbine into the water in under two years. The article also notes prior pre-seed support and technical backing from the U.S. Department of Energy's TEAMER program.
Funding
Amount
$2.6M
Total raised
Date
July 11, 2024
Announcement date
Investors
NOM, TBB by InnoEnergy
Lead investors
Company
https://equinoxoceanturbines.com
Funded company
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