Sealence, an Italian scaleup known for its DeepSpeed nautical jets, announced that it closed a round last December 15th whose total collection amounted to €7.55 million.
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The details of Sealence collection
Sealence collection was carried out through equity, debit and grants instruments, the latter mainly relating to the support of Experimental Research and Industrial Development activities. Still in relation to grants, Sealence specifies that there are still amounts, even significant ones, which will be collected in the coming months as the underlying projects progress.
175 investors participated in the round, including institutional investors and primary credit institutions, as well as professional, industrial and private investors. The total investors in captable thus rose to 573.
The total collection since the start of the industrial plan activities (2019) stands overall at around €16.5 million, while the investments made in Industrial Research and Experimental Development activities stand at around €9 million.
Sealence had successfully closed two equity crowdfunding campaigns, both on Crowdfundme. The first in October 2019, with a collection of €450,000 followed in August 2020 by the placement of a minibond convertible of €500,000, which was offered to all members, including the 126 investors of the first campaign.
The second campaign was closed the following year, in December 2020, with a collection of €2.9 million based on a pre-money valuation of €33.5 million.
Who is Sealence
Founded at the beginning of 2017 by William Gobbo, Sealence designed and built DeepSpeed, the first high-speed, high-efficiency electric outboard hydro-jet naval engine.
The technological innovations introduced by the engine allow for drastic improvements in efficiency, as well as reducing pollution and overall dimensions. The advantages of the technology are revolutionary both compared to traditional propeller propulsion and inboard waterjet propulsion.
The project was validated by Professor Ernesto Benini of the University of Padua, fluid dynamics consultant for the world’s major manufacturers of aeronautical jets, who joined the company, contributing to the drafting of the patent application.
Currently, Sealence employs 45 resources with multidisciplinary skills and with a preponderance of profiles with a high level of education. The growth plan envisages the employment of over 450 people when fully operational, also including those employed on the production and assembly lines.
The Sealence 2024-2032 industrial plan envisages investments in capex for a further €54 million in the coming years, mainly in the setting up of production and assembly lines and secondarily on the development of further products relating to the CORE business.
The company has also renewed partnerships with the various universities historically supporting the project, among which stands out the University of Padua coordinated by Professor Ernesto Benini and a new name, the University of Cagliari, which will play a leading role in the of testing the technologies developed in Sealence in water.
At the moment the company has 4 different boats in the water, between 6 and 15 meters, on which the propulsion and powertrains are tested, to which another 2 hulls will be added in the coming months, an 11 and a 17 meter boat .
The boat with DeepSpeed electric propulsion that has the maximum speed reached around 60 knots, while the one with the maximum autonomy reaches around 180 nautical miles – or over 330 km.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
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