Finland
Norsepower, founded in 2012, is a Finnish company at the forefront of reducing the environmental impact of the shipping industry. By leveraging its expertise in naval architecture and marine engineering, Norsepower aims to decarbonize maritime transportation through innovative wind propulsion solutions.
The company's flagship product, the Norsepower Rotor Sail™, utilizes the power of wind to enhance ship efficiency, leading to significant reductions in global CO2 emissions. This technology, augmented by AI-based systems, underscores Norsepower's commitment to sustainability and the transition to clean energy across the shipping sector.
In its recent financial maneuvers, Norsepower secured a €28.00M Series C investment on 28 March 2023, backed by prominent investors, including Tesi, Mirova, VNT Management, Climate Investment (CI), Ilmastorahasto - The Finnish Climate Fund, and Nefco. This influx of capital highlights the growing confidence in Norsepower's potential to reshape the industry and drive sustainable shipping solutions globally.
