Norsepower Overview
- Founded
-
2012

- Status
-
Private
- Employees
-
32

- Latest Deal Type
-
Later Stage VC
- Investors
-
16
Norsepower General Information
Description
Developer of cargo vessel auxiliary wind propulsion systems designed to reduce fuel consumption. The company's system is a low-maintenance, easy-to-use, and reliable fuel-saving technology to significantly reduce both fuel costs and greenhouse gas emissions of ships, enabling maritime industries to ensure their durability, safety, long lifetime, easy operations, and low maintenance costs.
Contact Information
Website
www.norsepower.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Industrial Supplies and Parts
Other Industries
Alternative Energy Equipment
Electrical Equipment
Primary Office
- Tammasaarenlaituri 3
- 00180 Helsinki
- Finland
+358 050 0000000
Norsepower Timeline
Norsepower Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
10. Later Stage VC | 01-Jan-2021 | 0000 | Completed | Generating Revenue | ||
9. Later Stage VC | 23-Aug-2019 | 00.000 | 0000 | 000.00 | Completed | Generating Revenue |
8. Later Stage VC | 25-Apr-2018 | 00.000 | 000.00 | 000.00 | Completed | Generating Revenue |
7. Grant | 01-Jan-2017 | 00.000 | 000.00 | Completed | Generating Revenue | |
6. Early Stage VC | 24-Aug-2016 | 00.000 | 000.00 | Completed | Generating Revenue | |
5. Grant | 22-Jul-2016 | 00.000 | 000.00 | Completed | Generating Revenue | |
4. Seed Round | 05-Feb-2016 | 00.000 | 000.00 | Completed | Generating Revenue | |
3. Seed Round | 22-Dec-2015 | 00.00 | 00.000 | Completed | Generating Revenue | |
2. Seed Round | 21-May-2015 | $2.79M | $5.79M | Completed | Generating Revenue | |
1. Seed Round | 01-Oct-2013 | $3M | $3M | Completed | Generating Revenue |
Norsepower Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
C Class | 00,000,000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | ||
Ordinary | 0,000,000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
Norsepower Patents
Norsepower Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
EP-3202657-A1 | Method and apparatus for damping motions of vessel | Active | 02-Feb-2016 | 00000000 | |
EP-3202657-B1 | Method and apparatus for damping motions of vessel | Active | 02-Feb-2016 | 00000000 | |
AU-2015238993-A1 | Method of manufacturing a rotor body of a magnus-type rotor | Active | 31-Mar-2014 | 00000000 | |
AU-2015238993-B2 | Method of manufacturing a rotor body of a magnus-type rotor | Active | 31-Mar-2014 | 00000000 | |
CA-2943017-C | Method of manufacturing a rotor body of a magnus-type rotor | Active | 31-Mar-2014 | B63H9/02 |
Norsepower Executive Team (8)
Norsepower Board Members (7)
Name | Representing | Role | Since |
---|---|---|---|
Christer Antson | Self | Board Member | 000 0000 |
Erik Floman | Korkia | Board Member | 000 0000 |
Jukka Kuuskoski | Norsepower | Chief Sales Officer & Board Member | 000 0000 |
Kaius Nevaste | Norsepower | Chief Financial Officer & Board Member | 000 0000 |
Moray Martin | Self | Co-Founder & Board Member | 000 0000 |
Norsepower Signals
Norsepower Investors (16)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|---|---|---|---|---|
Tesi | Fund of Funds | Minority | 000 0000 | 000000 0 | |
MB Martin & Partners | Venture Capital | Minority | 000 0000 | 000000 0 | |
OGCI Climate Investments | Venture Capital | Minority | 000 0000 | 000000 0 | |
EASME - EU Executive Agency for SMEs | Corporation | Minority | 000 0000 | 000000 0 | |
Business Finland | Accelerator/Incubator | Minority | 000 0000 | 000000 0 |