Tech Company Financing Transactions

Norsepower Funding Round

Norsepower, operating out of Helsinki, secured $30.4 million in investment from Mirova, Finnish Climate Fund and Nefco.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series C
Proceeds Purpose
The company intends to use the funds to scale production and expand the reach of its fuel-saving and emissions-reducing technology.

Company Information

Company Status
Private & Independent
Clean Tech
Mailing Address
Tammasaarenlaituri 3
Helsinki, 00180
Email Address
Norsepower was founded in late 2012 with a mission to reduce the environmental impact of shipping through its Rotor Sail Solution technology. The concept of the Flettner rotor was first devised by Finnish inventor and architect Sigurd Savonius in the 1920s, concurrently with German engineer Anton Flettner. The first Atlantic crossing - by a vessel using Flettner rotors only - took place in 1926 proving the principle. However, technical challenges and the market situation prevented more widespread application.
Norsepower LinkedIn Company Profile
Social Media
Norsepower Company Twitter Account
Company News
Norsepower News
Norsepower on Facebook
Norsepower on YouTube

Management Team

Email & Social
Chief Executive Officer
Tuomas Riski
  Tuomas Riski LinkedIn Profile  Tuomas Riski Twitter Account  Tuomas Riski News  Tuomas Riski on Facebook
Chief Financial Officer
Kaius Nevaste
  Kaius Nevaste LinkedIn Profile  Kaius Nevaste Twitter Account  Kaius Nevaste News  Kaius Nevaste on Facebook
Chief Marketing Officer
Jufo Peltomaa
  Jufo Peltomaa LinkedIn Profile  Jufo Peltomaa Twitter Account  Jufo Peltomaa News  Jufo Peltomaa on Facebook
Chief Operating Officer
Jarkko Väinämö
  Jarkko Väinämö LinkedIn Profile  Jarkko Väinämö Twitter Account  Jarkko Väinämö News  Jarkko Väinämö on Facebook
Chief Scientific Officer
Jukka Kuuskoski
  Jukka Kuuskoski LinkedIn Profile  Jukka Kuuskoski Twitter Account  Jukka Kuuskoski News  Jukka Kuuskoski on Facebook



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