Blue World Technologies
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|
Profit | (1.7m) | (<1m) | (1.7m) | (<1m) |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Series A | ||
* | €7.5m | Debt | |
* | €37.0m | Series B | |
* | €11.0m Valuation: €185m | Late VC | |
Total Funding | €48.0m |
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EditBlue World Technologies is a developer and manufacturer of methanol fuel cells aimed at accelerating the green transition by enabling the use of renewable methanol. The company serves clients in the automotive, heavy-duty transportation, and stationary applications sectors. Operating in the renewable energy market, Blue World Technologies focuses on producing high-efficiency fuel cells that act as green alternatives to traditional combustion engines and diesel generators. The business model revolves around the development, production, and integration of methanol fuel cells, which are sold to original equipment manufacturers (OEMs) and other customers. Revenue is generated through the sale of these fuel cells and related components. Methanol, a liquid energy carrier that can be produced from renewable sources, allows for CO2-neutral operations and can be stored and transported easily using existing global infrastructure. This eliminates the need for massive investments in new infrastructure, making it a cost-effective and scalable solution for green energy.
Keywords: methanol fuel cells, renewable energy, automotive, heavy-duty transportation, stationary applications, CO2-neutral, OEMs, green transition, high-efficiency, liquid energy carrier.