Espoo, Finland, 3 May 2019: Wello, the leading technology company in ocean-wave energy conversion, has now wrapped up its 2019 equity crowdfunding round on Invesdor.
"We are thrilled of the result", says CEO Heikki Paakkinen, "and we're now ready to move to the next stages, starting with the deployment of WEC2 in Orkney, Scotland. We're also looking forward to furthering the discussions for the construction of Penguin Core-based wave parks in both India and Indonesia.”
The equity crowdfunding round started on March 28, 2019, at a price of €3.73 per share, and is now complete. The final amount raised is 1.710.078€, equivalent to 458.465 shares.
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Wello Oy was established in 2008 with the development of the Wello Penguin product line. Over the years the company has secured several essential patents and has grown, getting new partners on board. Among Wello’s lead investors: Fortum Oyj, VNT Management, Innovestor Ventures, and Estlander Holdings Oy.
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