Entrepreneurship

Marine tech start-up to sell equity via crowdfunding

Read more at splash247.com

Swiss-based Daphne Technology, a start-up focused on the reduction of vessel emissions, now seeks to move ahead with the commercialisation of its patented exhaust gas purification technologies.

To achieve this goal, the company announced it has partnered with Crowdcube, the world’s largest equity crowdfunding platform, to offer investments to the public.

Daphne Technology has already raised EUR8m, including funding from the European Union’s Horizon 2020 research and innovation programme, as well as other sources. Following the completion of the crowdfunding, the company will undertake an additional equity round targeting institutional investors.

Daphne Technology owns patents that build on proven technologies, including Dielectric Barrier Discharge (DBD) and Electron Beam Flue Gas Treatment (EBFGT), which remove a range pollutants from engine and boiler exhaust gases. The company is also involved several pilot projects in Norway which use ammonia as a fuel, plus carbon capture and storage. Hydrogen combustion systems are also being evaluated.

Dr Mario Michan, Founder & CEO Daphne Technology, said: “Daphne Technology is currently pursuing its second equity round to pilot test our solutions with leading shipowners. For individuals who care about the environment and good returns, even a small investment in our company will make a big difference.”

Read more at splash247.com

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