Genevos Completes €2.5M Seed Funding to Accelerate Commercial Roll-Out

Genevos , a start-up specializing in hydrogen and fuel cell power systems integration for the maritime sector, has raised €2.5 million in seed funding from Impact Ocean Capital, a fund managed by GO Capital, and non-dilutive financing, to accelerate the commercialization of their innovations.
Genevos Completes €2.5M Seed Funding to Accelerate Commercial Roll-Out

Founded in 2018, Genevos has evolved into an industry leading fuel cell integrator. This initial seed round will support product commercialization in key maritime markets such as workboats and service vessels, unmanned surface vessels, and ferries.

As an enabler of maritime hydrogen fuel cell power, Genevos has achieved several accolades notably, Lloyd's Register Approval in Principle certification across the Hydrogen Power Module marine fuel cell range, in addition to validation of the complete hydrogen energy system installation on board the IMOCA 'OceansLab – Cleantech Accelerator'.

Impact Ocean Capital, a fund launched in 2023 with the objective to protect the world's oceans, is managed by GO Capital. This investment supports the transformation of the maritime sector where new emissions regulations require major changes in vessel propulsion.

Genevos accelerates the clean energy transition by making accessible an end-to-end solution for achieving zero emissions transportation. This  Complete H2-Pack  includes engineering services and award-winning drop-in marine fuel cell power modules.

“Controlling climate change is reliant on powerful collaborations based on action-oriented environmental missions. I am honored to welcome on board Impact Ocean Capital to our journey and know that together we will achieve a strong positive global impact, commented Genevos  Co-Founder and  CEO, Rebecca Sharp.

The climate emergency and the rapid degradation of marine ecosystems requires a firm response from industry players and public authorities to protect and guarantee the health of our oceans.

The Genevos fully-integrated HPMs have been officially recognized as a clean and profitable solution with a positive impact on environment and quality of life, achieving multiple awards such as the Solar Impulse Efficient Solution Label, the Monaco Prize for Innovation in Renewable Hydrogen and Transportation, the 2023 Electric & Hybrid Hydrogen Breakthrough Technology of the Year Award, the 2022 Electric & Hybrid Propulsion System of the Year Award, and the Sud-Ouest Region Nouvelle-Aquitaine Maritime Innovation Trophy.

“Impact Ocean Capital and GO Capital are very proud to join Genevos as a board member and to support the company in its development to decarbonize the maritime industry," said  Clémentine Breysse, GO Capital Associate.

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).