Norsepower Oy Ltd., provider of mechanical sails for large ships, has successfully secured 28 million euros in its latest Series C fundraising round.
French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, led the fundraising through its impact private equity Mirova Environment Acceleration Capital fund*.
Additional participants in the round included:
- The Finnish Climate Fund (Ilmastorahasto)
- OGCI Climate Investments
- Nefco – The Nordic Green Bank
- Power Fund III.
With a focus on impact, these organisations have joined forces to enable Norsepower to scale up production and expand the reach of its fuel-saving and emissions-reducing technology.
Photo: Matthias Tasler/Scandlines