Italian start-up plans Series A crowdfunding campaign for electric hydrojet

Sealence hopes to raise €7m in financing

Just one year after its last crowdfunding campaign, which exceeded the expected target of €450,000 in around 10 days (the start-up collected €520,000 and returned €70,000 of surplus), Italian propulsion specialist Sealence is ready for a new round of ‘Series A’ financing.

In addition to the technological and patent advances of its DeepSpeed electric jets (the product has just been patented in Australia), Sealence has presented a balance sheet that sees the start-up’s capitalisation increase from…

Subscribe to IBI Plus

Subscribe to unlock this article

Keep reading for
£1 a week

Subscribe to IBI Plus

Subscribe today for just £1 and enjoy unlimited access to
every article and story at ibinews.com and in the daily newsletter

With IBI Plus, you’ll enjoy:

+Unrestricted access to all subscriber-only content
+Explore 50,000+ archived articles and stories
+Tap into 50+ years of global boating insight
+Access exclusive market and company data to find out where your business stands
+Read sector and country reports across established and emerging markets