(Tiper Stock Exchange) – Progress Tech Transferthe fund launched by MITO Technology and aimed at enhancing technologies in the field of sustainability, carried out a investment in Sealence, scale-up that is bringing the innovative DeepSpeed to the market. It’s about the first all-electric jet for naval propulsionwhich the company describes as a “revolutionary technology that allows vessels to sail cleaner, quieter and more energy-efficiently than traditional screw-driven marine propulsion systems.”
Progress Tech Transfer, which will be the lead investor in a round that will see the participation of other investorsis a venture capital fund specializing in sustainable technologies born from the research of Italian universities and public research bodies, start-ups, spin-offs and visionary entrepreneurs.
“We strongly believe in the development of innovative solutions proposed for the benefit of a market that will have to radically change its operating models to accommodate increasingly sustainable mobility paradigms – he commented Albert Calvo of Progress Tech Transfer – There is therefore full harmony with the industrial and technological vision of the company, an essential requirement for our activity as investors”.
Sealence, based in Buccinasco (Milan), today it employs 45 peoplewhich include the eDriveLab team, lo spin off of the University of Parma recently joined the group with the mission of developing a technologically advanced e-powertrain composed of batteries, range-extenders and electronic control systems to support DeepSpeed propulsion.
“We are pleased with Progress Tech Transfer’s decision for their long-term vision and above all for the great harmony that has been created on fundamental issues for us such as technological innovation understood as a tool for accelerating the energy transition and reducing our footprint on this planet,” he said William Hunchbackfounder of Sealence.
(Photo: Towfiqu barbhuiya on Unsplash)