Drift Energy, a Bathtub, UK-based startup set to make inexperienced power at sea utilizing hi-tech crusing vessels, raised £4.65m in seed funding.
The spherical was led by Octopus Ventures, with participation from Blue Motion Accelerator.
The corporate intends to make use of the funds to bolster its vessel design program, assist group development and allow the onboarding of latest companions.
Led by CEO and Founder Ben Medland, Drift Power is dedicated to driving the transition to scrub power worldwide by deploying a fleet of high-performance crusing vessels that harness deep ocean wind to supply inexperienced hydrogen at sea and ship it globally.
The corporate has additionally not too long ago been awarded funding from Innovate UK, the UK’s innovation company, by way of its Investor Partnership Programme, which is designed to drive funding into high-growth, progressive UK corporations engaged on expertise. The grant will catalyse the analysis and improvement programme and speed up the design strategy of the primary vessel.
FinSMEs
16/08/2024
