Sealence’s Water Jet To Launch a New Round on Crowdfundme After Two Previous Successes

After having raised over 18 million, of which 3.3 from 560 investors on CrowdFundMe, the innovative PMI Sealence SPA is preparing to open a new international funding round to support go-to-market and industrialization, starting from a new round on CrowdFundMe.

The two previous equity crowdfunding rounds closed respectively in October 2019 with a collection of 450,000 euros thanks to 126 investors (post-money value 5.45 million) and in December 2020 with a super collection of 2.9 million in which 435 investors participated (post-money value 35.9 million).

Sealence SpA SB is an Italian Deeptech excellence that operates in the sustainable naval propulsion sector

It was founded by a team of expert managers and under the scientific coordination of Prof. Ernesto Benini, recognized by Stanford University in the “TOP 2%” of world scientists.

The company has developed and patented the “ DeepSpeed ” technology , an electric jet propulsion system combined with an electric powertrain designed to significantly improve energy efficiency and reduce emissions in the marine sector.

Sealence, which aims to provide highly modular and easily integrated solutions for shipyards, has been awarded by the European Parliament as a “Top 50” European startup 2023, a prize that is part of the “European Startup Prize for Mobility (EUSP)” initiative.

The new round launched by Sealence

Sealence SpA is preparing to open a new crowdfunding round of up to €4.5M starting from the CrowdFundMe portal, at a valuation of €60M.

The “DeepSpeed ​​3” campaign is part of a larger €30M investment round and is a precursor to the entry of institutional entities that, in coordination with the Sardinia Region , will intervene as part of a strategy to attract investments in the blue economy on their territory.

The collaboration between SEALENCE and the Sardinia Region is based on a strategic agreement signed in December 2022, which has now reached the final stages of implementation.

SEALENCE is also under due diligence by a leading European investment bank for a venture-debt transaction between 15 and 25 million euros, which may be activated following the completion of the equity transaction.

DeepSpeed ​​Technology

The naval propulsion sector today moves along two specific directions: propellers or waterjets, regardless of the prime mover used (endothermic or electric).

DeepSpeed ​​instead proposes a third way: outboard jets for naval use, a new type of propulsion, inspired by aeronautics.

The advantages lie above all in the high efficiency over a wide range of speeds, starting from medium speeds, i.e. above 20/25 knots, up to speeds close to 60 knots, as tested on the SEALENCE laboratory boats.

The technology has in fact been validated thanks to tests conducted in water since 2019 on 5 different laboratory boats.

The propulsion system or electric powertrain can, however, also be sold separately, thus greatly expanding the potential market.

The stage of development

Sealence is in the pre-industrial go-to-market phase, with a qualified commercial pipeline of over 15 million and with prospective customers from all over the world and consolidated strategic partnerships.

DeepSpeed ​​technology is patented in 44 countries including the USA, Canada, UK, all EU, Australia, Japan, and is pending in 7 other countries.

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(Featured image by Fadhila Nurhakim via Unsplash)

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