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Wavepiston

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We Make Wave Energy Competitive.

120%
 - 
Closing soon
€2,000,007 target
€2,405,028 from 1,500 investors
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Business overview

Location Helsingør, Denmark
Social media
Website www.wavepiston.dk
Sectors Energy Non-Digital B2B
Company number 35680829
Incorporation date 5 Mar 2014
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Investment summary

Type Equity
Valuation (pre-money) €10.1M
Equity offered 19.24%
Tax relief N/A
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Business highlights

  • Renewable energy based on the energy in the waves
  • Electricity production & desalination (potable water) planned
  • Non-intrusive: Does not spoil the view, nor the environment
  • €5.5M EU grants secured for demonstration at commercial scale
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Key features

  • Secondary Market
  • Seedrs nominee min. €10.94 +

Idea

Introduction

Our vision is to make wave energy an important player in the portfolio of renewable energy sources, ensuring a reliable supply of clean energy and clean drinking water.

The wave power potential is huge. We believe that wave power can cover 50 pct. of the world's electricity needs.

Our initial focus is on islands, hotel resorts and remote coastal areas. Around the world a large number of these communities are relying on diesel generators as their main power supply. We believe wave energy plays a crucial role in replacing these.

Wavepiston is a patented, breakthrough technology. In optimal conditions, Wavepiston systems are initially expected to deliver electricity at a cost of €0.2 per kWh as opposed to an average cost of € 0.38 per kWh from diesel generators.

We expect that desalinated water can be produced at a price of €1 per m3. Prices are expected to drop significantly as technology matures.

Wavepiston is easy to transport and install. Installations are non-intrusive, with low visual impact and with no negative environmental effects recorded or anticipated.

Monetisation strategy

Wavepiston is a wave energy technology provider. We plan to develop and demonstrate the Wavepiston system 2020-2022, and then install wave powered electricity and desalination plants in co-operation with project developers.

From 2022, Wavepiston is expected to enter the commercial phase based on results from the full-scale installations. Wavepiston systems will be sold as turn-key projects. To minimise the risk for the customers on the initial projects, Wavepiston will play an active role together with project developers to prepare and secure funding on behalf of the customer, and to execute the projects successfully.

The first commercial system is expected to be installed in 2023. We have ongoing investigations at several, specific locations e.g. Canary Islands, Cap Verde, Maldives, Malta, Martinique, Marshall Islands, Philippines, and Sardinia. The specific investigations are reflecting a total of 45 MW installed capacity, reflecting a turnover of €220M potential.

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
Valuation rounded from €10,097,347

Pitch type

There are 4 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs.

Seedrs nominee

This shareholding type is available with this raise.

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Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.