Drakoo Wave Energy Device

Singapore, Singapore

15% Raised

Short Summary

Drakoo Wave Energy Converter (WEC) - renewable energy from ocean waves; completed tank tests & sea trials; performance verified (NAREC|UK), witnessed (DNV-GL); 2 mature WEC modules (4kWp|15kWp); internationally patented; already raised S $300k

Overview

Target
US$1,400,000
Minimum
US$18,000
Investment Raised
US$220,000
Previous Rounds US$5,800,000
Stage MVP/Finished Product
Investor Role Any

Highlights

  • Full-scale product has been tested in wave tank and has completed sea trial
  • Performance verified by NAREC (UK), DNV-GL's approval in progress
  • Two mature WEC modules - 4kWp and 15kWp
  • Ongoing project with an oil company in the Middle East
  • Potential clients in Italy, Spain, Netherlands, China etc.
Please note: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

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