Voltai, a Canadian company developing maritime energy technology, has closed a pre-seed funding round of CAD $1.83 million (approx. US$1.3m), led by Invest Nova Scotia.
The funding will accelerate the development and deployment of Voltai’s electrostatic wave energy generators that are capable of capturing kinetic energy from ocean waves and vessel movements, converting it into electricity.
The technology is designed for onboard use without causing drag, offering shipping operators a pathway to reduce fuel use and emissions using renewable energy.
“Harnessing the energy potential of waves has long posed significant challenges. Voltai’s electrostatic generator, with its unique energy conversion mechanism, addresses these challenges head-on to make wave energy conversion efficient and cost-effective,” said Jen Fuccillo, Investment Principal at Invest Nova Scotia.
The funding round also included an angel group led by Mahir Sahin, former advisor to Alphabet’s Moonshot Factory X and founder of Cloudberry Ventures. Voltai says it will use the capital secured to accelerate technology development, prepare for a seed round, and expand its systems globally.
