Blue World Technologies is a Danish startup founded in 2018, specializing in the development and manufacturing of HT-PEM fuel cell components and systems. The company's focus on stationary and on- and off-road applications, as well as the maritime industry, positions it as a visionary player in the renewable energy and manufacturing sectors. Blue World Technologies' fuel cells, running primarily on methanol, offer a green alternative to combustion engines and diesel generators, contributing to the green transition. The recent €11.00M Series C investment on 05 December 2023 from investors including Export and Investment Fund, Maersk Growth, and Cycle Group reflects growing interest and confidence in the company's innovative methanol fuel cell technology. With a focus on High-Temperature PEM technology combined with methanol-reforming, Blue World Technologies aims to achieve large-scale production and commercialization, presenting significant environmental and economic benefits. For those interested, further details about the company are available on their website www.blue.world.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | €11.00M | 3 | Maersk Growth, Cycle Group | 05 Dec 2023 |
Series B | €37.00M | 3 | DEUTZ AG | 30 Aug 2022 |
Series A | €15.00M | 2 | DEUTZ AG | 15 Dec 2021 |
Seed Round | €6.40M | 1 | 01 Jan 2021 | |
Seed Round | €6.40M | 2 | Cycle Group | 17 Dec 2020 |