Ventea Raises Capital on CrowdFundMe for its International Expansion

Ventea is an innovative startup that develops and markets on-grid and off-grid renewable energy technologies, including a system that combines wind, photovoltaic and storage. The company has already conquered part of the Mediterranean basin, with partnerships in Malta, Cyprus and Greece, South America.

Furthermore, it has signed an agreement with the Korean ODIN Energy to build a tower that integrates wind and solar technologies in urban structures, maximizing energy production and a definitive agreement for the granting of a patent license in Europe.

Ventea’s equity crowdfunding round

To increase exports on a global scale, the Palermo-based company has just launched an equity crowdfunding campaign on CrowdFundMe , still ongoing, and has exceeded its first collection target of 300,000 euros.

The valuation with which the company offers its shares on the market is equal to 2.7 million for a minimum investment of only 500 euros.

The campaign will serve to fuel research and development activities, specialist consultancy areas, investments in prototypes, certifications and patents and new hires.

Ventea’s current and future “green” solutions

Ventea’s solutions use advanced technologies for the production of clean energy , intended for small and medium-sized installations, both fixed and mobile, which allow energy supply in urban areas and remote areas.

The solutions are designed to be integrated, scalable, efficient and suitable for use both in systems not connected to the grid (off-grid) and for those connected (on-grid).

Ventea’s offer also includes SerieV vertical axis wind turbines (from 5 kW to 30 kW), characterized by a design that guarantees efficiency and silence, while advanced e-bike charging systems are being studied, to be installed along the cycle paths and domestic systems aimed at green house projects.

But Ventea is also developing a second strategic project. This is EMODE, a self-installing energy container ideal for supplying remote areas, and to support populations affected by natural disasters or wars.

To further develop this technology, Ventea has signed a Memorandum of Understanding for the full licensing of 3 patents with Sun Night Srl, an Italian company specialized in renewables.

The business model and growth plan

The business model is based on three revenue lines: sales of solutions (the first will be launched on the market in 2024), assistance fees, spare parts and maintenance and research and development activities carried out for third parties.

In Italy, Ventea expects to close 2024 with a turnover of around one million euros and to reach 3.6 million in 2025 and has signed a Memorandum of Interest (MOI) with ASCOT Technologies (Ascot Group) of Gela (CL ), leader in the design and implementation of solutions for energy production in systems disconnected from the electricity grids in collaboration with the Universities of Genoa and Florence.

“At the moment, a startup entering the market must necessarily have access to distributed capital and initially address the widest possible audience ” declared Palmiro Bissanti, CEO of Ventea: “In the future we are already evaluating new rounds of fundraising and will we will also address institutional and international investors. Today, in Italy founding a startup is a challenge, especially a cultural one. We want to face it with confidence in the future.”

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(Featured image by TungArt7 via Unsplash)

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