Blue World Technologies is currently in the subscription phase with investors and has received commitments of more than 3 mEUR from European investors. Several of the investors have a history of investing in fuel cell technology. Smaller investors are also invited to join this unique investment opportunity.
As the COVID-19 pandemic began spreading around the world at the beginning of the year, Blue World Technologies was in the process of closing an investment round that had been on the way for months. Terms and conditions were agreed on, but the uncertainties following the pandemic consequently meant that the investment round was not realised at the time. Facing a new situation, Blue World Technologies yet again entered the process of finding investors to support the goal set by the founding team of Blue World Technologies. The goal being to commercialise the methanol fuel cell technology providing industries around the world with a green alternative to diesel generators and combustion engines. Therefore, we are proud to announce that we are currently in the subscription phase with a new group of investors, and in the time of writing, we have received commitments of more than 3 mEUR from European investors, several of them with a history of investing in fuel cell technology. We are also in discussions with other potential investors and are closing the investment round of a maximum of 7 mEUR on 11 December 2020.
“Of course it was a setback when our investment round fell through in the spring, but we quickly got back in the saddle and while continuing our development work on our methanol fuel cell technology with great results, we established contact with a strong group of investors that we are now pleased to welcome to the Blue World team,” says Anders Korsgaard, CEO and Co-founder of Blue World Technologies.
A small and unique window of opportunity
Last autumn, Blue World Technologies opened up for an investment opportunity for smaller investors. Back then the opportunity was very much sought after, and more than 30 smaller investors joined, each with a minimum of 13,500 EUR and a total of 1,345 mEUR. These current investors in Blue World Technologies have taken on the role as ambassadors for the company and are in many ways supporting the company to succeed.
Based on the positive experience, Blue World Technologies has previously had with smaller investors joining, combined with the continuing interest we have experienced concerning investments in Blue World Technologies, it was decided to once again provide smaller investors with the unique opportunity to join Blue World Technologies before the company at a later stage enter an IPO phase. This time it is going to be possible to join as an Entry Investor with a minimum of 15,000 EUR or as an Advanced Investor with an investment of minimum 75,000 EUR.
“Ever since we started Blue World Technologies, we have experienced a great interest in our technology, our contribution to the green transition, and in general in our ambitious approach to the commercialisation of the methanol fuel cell technology. The climate changes are something most can relate to and something many are passionate to defeat, and it is based on this general interest – combined with a good business opportunity of course – that we continuously are receiving investment requests from smaller investors”, says Anders Korsgaard.