The CHF 1.3M round is backed by a group of global investors from Switzerland, France, Norway, the Netherlands and the United States. The roundtable includes industrial partners, grants, loans and friends and family.
The funds will be used to finalize the “Proof Of Concept”, accelerate the design of the fuel cell system, and expand marketing and initial business development activities. WattAnyWhere’s ultimate goal is to produce clean electricity out of biomass, using the most economical and safest hydrogen carrier: renewable ethanol.
The second round of funding is under way, with a major milestone completed when WattAnyWhere will showcase in September the Proof Of Concept to partners, investors and customers at the EPFL lab in Sion.
What is WattAnyWhere?
WattAnyWhere addresses a global situation where the grid is not an option to boost e-mobility. For Charging Point Operators, sourcing power from the grid takes up to 3 years and is very costly. The deployment of fast charging points is too long and tedious, and yet huge amounts of clean electricity are needed in Europe.
The Solution is straightforward: the alternative to the grid is Bioenergy! Clean electricity produced out of biomass, using the most economical and safest hydrogen carrier, renewable ethanol – a unique reservoir of energy, easy to store and delivered safely anywhere, like any liquid fuel, by a strong Pan-European supply chain.
At the moment, WattAnyWhere is raising capital from investors globally. Besides addressing the critical need of reducing GHG emissions from fossil fuels, investing in distributed, clean energy power sources helps build a sustainable economy.
If interested in investing in WattAnyWhere, drop us an email at email@example.com to get the Executive Summary.