Smalle Technologies opens a new round of funding through the online platform Crowdcube Spain in order to raise 200,000 €. Crowdcube enables anyone to invest alongside professional investors in start-up, early stage and growth businesses through equity and debt investment options. Investment can be performed at www.crowdcube.es/smalle Do not miss this trip!
Smalle’s third round of funding is now open through the online platform Crowdcube Spain. The funding round will help to reach the ambitious goal: to install 4,000 units of the device eForcis over the next 5 years.
The eForcis is a small-scale energy-harvesting device that transforms the energy from the oscillation of waves into electricity. It can be used as a complement or as a substitute to solar panels, micro-wind turbines, or batteries, and it can be installed in boys, fish farms and marine platforms. After four years of research, development and field testing, the eForcis can now begin to be marketed.
The investment target of the funding round is of 200,000 €. Moreover, it is expected to obtain an equivalent amount from public funds in the coming months.