Daphne Technology, a Swiss climate tech startup addressing the GHG challenge, has attracted investments from industry majors in the second investment round.
The company is working on a scrubber that can remove emissions including nitrogen oxides, methane and carbon dioxide from the exhaust of any fuel type.
Swiss Firm Eyes Marine Tech Opportunity
by Ship & Bunker News Team
Monday May 17, 2021 Swiss technology firm The firm, which has
EUR 8 million ($9.7m) from the
European Union s Horizon 2020 research fund, will use the additional finance to scale up its patented technologies. Our unique, patented technologies will not only help shipowners eliminate toxic and greenhouse gas (GHG) emissions from all fuels and will allow them the most flexible and economically viable path towards compliance with existing and future regulations, the company s chief executive,
Mario Michan, told martime news provider Shipinsight. The company s key offer is its universal green converter , a technology that will help the maritime industry reach net-zero GHG emissions by 2050 or earlier, no matter what fuel is being used, the company said.
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Daphne Technology seeks financing through crowdfunding platform
Daphne Technology, a climate tech start-up which has designed and patented proven solutions to reduce air and sea pollution for ships, has partnered with Crowdcube, the world’s largest equity crowdfunding platform, to offer a stake in the company to the public.
According to Dr. Mario Michan, Founder & CEO Daphne Technology, the company has already raised EUR eight million, including funding from the European Union’s Horizon 2020 research and innovation programme (and other sources), but recognised demand from the public to support technologies that fight climate change.
“Daphne Technology is currently pursuing its second equity round to pilot test our solutions with leading shipowners,” he says. “For individuals who care about the environment and good returns, even a small investment in our company will make a big difference.”