Gazelle Wind Power raised €11.4M in a funding round led by Indico Capital Partners to accelerate the development of its floating offshore wind platform technology.

Nov 13, 2024•about 1 year ago

Amount Raised

€11.4 Million

DublinWind Energy

Investors

E2 In2Wah KwongAugust OneDst GroupIndico Capital Partners

Description

Gazelle Wind Power has secured a €11.4 million funding round with Indico Capital Partners leading the investment. Other investors in the round include DST Group, August One, Wah Kwong, and E2IN2. The funding will be used to further develop the Nau Azul project in Portugal.

Company Information

Company

Gazelle Wind Power

Location

Dublin, Dublin, Ireland

About

Gazelle Wind Power Limited is accelerating the commercialization of the floating offshore wind market with its next-generation platform. Gazelle’s solution is poised to become the benchmark for the industry with a design that is targeted to lower costs, enable local content, utilize pre-existing port infrastructure, and incorporate shipbuilding construction with modular assembly. The floating platform offers high stability and easy transport, installation, and maintenance while preserving fragile marine environments. The company is based in Dublin and Viana do Castelo and has a presence in Vigo and London.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends