Press Release – March 28th 2019 – Wello, the leading technology company in ocean-wave energy conversion, announces a brand new funding campaign on Invesdor.
Starting today and until April 23, 2019, Wello is looking to raise €1M-€2.5M in exchange of equity between 4.34% and 10.18%. Through Invesdor, Wello is offering its shares at a minimum investment of 140 shares, at a share price of €3.73 per share.
“It’s been calculated that by 2050 wave energy could fulfill one-tenth of the world’s clean energy needs. That potential is nowadays practically unexplored”, says CEO Heikki Paakkinen.
With over 75% of the planet’s surface covered by water, wave energy holds huge promise. Today, the technology to harvest wave energy is ready for deployment, and with scale, its cost will soon be lower than that of other renewables. Wello has already deployed and tested the first iteration of its Penguin technology in Orkney, Scotland. WEC1, as the device is called, has just passed the two years mark of conti…