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CorPower Ocean

CorPower Ocean
2009 FOUNDED
PRIVATE STATUS
21-30 EMPLOYEES
Grant LATEST DEAL TYPE
$2.6M LATEST DEAL AMOUNT
8 INVESTORS
Description

Developer of a high-efficiency wave energy converter designed to offer clean and economical electricity from the ocean. The company's converter has a heaving buoy on the surface absorbing energy from the combined surge and heave motion of the waves and is connected to the seabed using a taut mooring line with high natural frequency of oscillation, enabling energy producers to get large amount of energy harvested at low cost.

Ownership Status
Privately Held (backing)
Financing Status
Accelerator/Incubator Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Energy Production
Primary Office
  • Brinellvägen 23
  • 114 28 Stockholm
  • Sweden
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CorPower Ocean Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Grant 31-Oct-2018 $2.6M 00000 Completed Generating Revenue
7. Grant 19-Jul-2018 00000 00000 Completed Generating Revenue
6. Grant 02-Jul-2018 00.00 00000 Completed Generating Revenue
5. Grant 07-Nov-2016 00.00 00000 Completed Generating Revenue
4. Grant 16-Jun-2015 00.000 00000 Completed Generating Revenue
3. Accelerator/Incubator 10-Feb-2015 00000 Completed Generating Revenue
2. Accelerator/Incubator 17-Dec-2014 $124K $974K Completed Generating Revenue
1. Accelerator/Incubator 19-Apr-2013 $850K $850K Completed Generating Revenue
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CorPower Ocean Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Horizon 2020 Government 000 0000 000000 0
Scottish Enterprise Venture Capital Minority 000 0000 000000 0
Wave Energy Scotland Government 000 0000 000000 0
European Commission Government 000 0000 000000 0
Energimyndigheten Government 000 0000 000000 0
You’re viewing 5 of 8 investors. Get the full list »

CorPower Ocean Executive Team (2)

Name Title Board
Seat
Contact
Info
Patrik Möller Chief Executive Officer
Stig Lundbäck Ph.D Founder & Board Member

CorPower Ocean Board Members (4)

Name Representing Role Since Contact
Info
Gosta Lindh CorPower Ocean Chairman of the Board 000 0000
Ingvar Eriksson Ph.D KIC InnoEnergy Board Member 000 0000
Per Winnberg CorPower Ocean Board Member 000 0000
Stig Lundbäck Ph.D CorPower Ocean Founder & Board Member 000 0000