Equity crowdfunding push for Oceanvolt e-motors

UPDATE: July 2019: The investment round is closed with Oceanvolt achieving investments of over €2 million and reaching over 3 times its goal of 600,00 Euros.

Original Story: May 23, 2019
Finnish electric motor company Oceanvolt is launching a crowdfunding campaign in which participants receive equity through the online investor platform Invesdor. The campaign begins May 28.

It’s quite a week for Oceanvolt – their partner company Q-Yachts is the official yacht of Amber Lounge at the Monaco F1 Grand Prix and is showing off the marvels of clean and silent propulsion by supplying e-tender transfers to celebrity yachts.

a facebook post - people on a yacht in Monaco Harbour

Oceanvolt was started in 2004 by Janne Kjellman, a three time Volvo Ocean Race participant who understood the necessity of motors for sailing boats but wanted a quiet and non-fossil-fuel alternative.

They now have a complete range of electric drives used in sailboats, motorboats, harbour ferries and other commercial vessels as well as an interface that can connect any Oceanvolt system to the internet and be monitored and managed in real-time. Their SD Saildrive won the 2013 Pittman Innovation Award from SAIL magazine and their patented variable pitch Servoprop won a 2017 DAME Award for Machinery and Propulsion.

Along the way Oceanvolt has built a worldwide network of yacht designers and architects, electric boatbuilders and other partners, one of whom is the Voyager 480 all-electric Virgin Islands charter boat.  They supplied the Conrad Coleman team with the Saildrive for his 2016 Vendee Globe challenge and are working with Alex Thomson Racing for the 2020 round-the-world race.

Oceanvolt looking for investment to scale production

The Invesdor page about Oceanvolt’s crowdfunding campaign explains that the company is looking for investment in this funding round to “scale its production, develop even more environment-friendly innovations and secure its position as a leading company in the industry.”

Invesdor is a financial technology company founded in Finland in 2012. Its platform connects ambitious European growth companies with investors worldwide and has helped raise in excess of 67 million euros for more than 140 businesses.

To find out more about the funding campaign and how to participate, go to the Invesdor page, and click on ‘Like’ You will be asked to register with the platform to receive further information and details on May 28.

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