CHF 2.2M to drive sustainable innovation

Please login or
register
28.06.2024

Sion-based startup WattAnyWhere has closed its seed round, nearing CHF 5 million of total funding inclusive of equity, grants, and loans raised since its company launch in 2021. The successful conclusion of the seed round aligns with WattAnyWhere’s signing of strategic contracts with early adopters in the oil and gas and retail industries.

WattAnyWhere is a provider of renewable energy solutions, dedicated to delivering energy autonomy. The startup offers a mobile generator that uses solid oxide fuel cells (SOFC) to convert pure renewable ethanol into electricity. It is silent, produces zero nitrogen oxide, and can be fully functional in any location in just a month. Roughly the size of a parking space, the generator allows ultra-fast charging of three thousand EVs with just 30m3 of ethanol.

A diverse group of global investors from Switzerland, France, Norway, the Netherlands, the United States, Hong Kong, Romania, Germany, Slovakia, and India participated in the startup’s latest seed round, where CHF 2.2M were raised. Among the investors from ten countries were business angels as well as prominent entities such as French Family Office Upperside Capital and VC fund Kickfund. This investment propelled the total funding to almost CHF 5 million inclusive of equity, grants, and loans collected thus far. 

The successful conclusion of the seed round aligns with WattAnyWhere’s signing of strategic contracts with early adopters in the oil and gas and retail industries. These partnerships further validate WattAnyWhere’s innovative approach to energy solutions and pave the way for future growth and expansion.

“We are thrilled to have met our seed round objective and to welcome a diverse group of investors who share our vision for a sustainable future“, said Didier Roux, CEO of WattAnyWhere. “With the support of our investors and strategic partners, we are in a strong position to accelerate our growth trajectory and continue delivering cutting-edge solutions to meet the world’s energy needs.“

Looking ahead, WattAnyWhere is gearing up for its next phase of growth, with plans to raise Series-A in 2025. This ambitious target will fuel the company’s mission to drive sustainable innovation and contribute to the global energy transition.


(Press release / SR)
Image: ©WattAnyWhere

0Comments

More news about

WattAnyWhere SA

Company profiles on startup.ch

WattAnyWhere SA

rss