Swiss climate tech start-up seeks crowd-funded equity

Daphne Technology, a climate tech start-up in Saint-Sulpice, Switzerland, is raising equity through Crowdcube, described as “the world’s largest crowdfunding platform”.

The company has developed a “universal green converter” to assist global shipping’s drive to cut emissions between now and 2050. The exhaust gas purification system, which is designed to work with all fuels, removes different pollutants that may be present, including CO2, NOx, SOx, N2O, NH3, and CH4.

Dr Mario Michan, Daphne founder and CEO, revealed that negotiations are in progress with three major shipping companies seeking to retrofit their LNG tankers by the end of 2022.

The company has already raised EUR 8 million, Michan said, including funding from the European Union’s Horizon 2020 research and innovation programme. Now, he said, the company is pursuing its second equity round to undertake pilot tests with shipowners.

“For individuals who care about the environment and good returns, even a small investment in our company will make a big difference,” he declared.

Having established a commercial team in Norway, Michan said that the company is involved in DNV’s Green Shipping Programme, a public-private partnership aiming to advance the Norwegian Government’s maritime strategy and escalate investment in green shipping.

When the crowd-funding equity round is completed, the company plans to target institutional investors, corporations, and venture capitalists.

Shipping
Article Editorial staff Ship&Offshore
Article Editorial staff Ship&Offshore