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At the beginning of 2023, we opened the second round of equity crowdfunding, providing private investors with the opportunity to jump aboard through the platform Seedrs.

Our goal was to raise the money needed for finalising the demonstration phase and entering the commercialisation of the technology. Our crowdfunding campaign on Seedrs lasted 36 days and we raised € 2 mln from 1079 investors.

We are demonstrating a new approach to supporting a sustainable future by equity crowdfunding. In the wake of the energy crisis and looming environmental collapse, citizens are being given a voice with this bottom-up approach to investments. We are proving that crowdfunding can be an effective tool for co-funding the transition to a sustainable future.

“With crowdfunding, we are giving a broader audience the chance to become an active part of the green transition, and we hope that this campaign will help raise awareness for the potential of wave energy. In this round, we are planning to raise around 1,4 million Euro for the next development phase, and existing shareholders as well as several new investors have already committed to a significant part of that amount”, says Michael Henriksen, CEO of Wavepiston.