🇩🇰 Wavepiston secures investment
We are very pleased to announce that Wavepiston has secured an investment of € 900k from two professional investors via the Dutch joint venture company, The Blue Line B.V.
The Blue Line is an initiative from investors:
– Connect the Drops: A Dutch investment fund with a focus on the water sector.
– Unknown Group: A Dutch venture capital fund that, among other areas, focuses on investments in the energy transition.
The new funding will be directed towards further technological enhancements, system validation in real-world environments, and the establishment of strategic partnerships to facilitate market entry. With growing global interest in clean energy and water, Wavepiston is poised to play a crucial role in diversifying the renewable energy mix bringing wave energy to the world.
“Innovation and sustainability go hand in hand”, said Jan Otto Ooms, founder of Connect the Drops. “By harnessing wave energy to produce clean drinking water, we take a significant step toward a future where renewable energy and water security come together”.
The investment round was supported by Ronald Beuk and Generous Minds: “Wavepiston is a unique game-changer bringing wave energy to the world. We are pleased to have onboarded The Blue Line as an impact focused strategic investor.”
Originally published on 13 March by Wavepiston.
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