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.
Website
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 |
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 |
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 |