Italian start-up plans Series A crowdfunding campaign for electric hydrojet

> Subscriber-only2020-11-25T16:39:00

Sealence hopes to raise €7m in financing

Just one year after its last crowdfunding campaign, which exceeded the expected target of €450,000 in around 10 days (the start-up collected €520,000 and returned €70,000 of surplus), Italian propulsion specialist Sealence is ready for a new round of ‘Series A’ financing.

In addition to the technological and patent advances of its DeepSpeed electric jets (the product has just been patented in Australia), Sealence has presented a balance sheet that sees the start-up’s capitalisation increase from…

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