Tech Company Financing Transactions
MayMaan Research Funding Round
Wave Equity Partners joined a $30 million funding round for MayMaan Research. The round was announced by the company on 5/2/2023.
Transaction Overview
Company Name
Announced On
5/2/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Undisclosed
Investors
Wave Equity Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate the development and deployment of its clean energy solutions.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
3904 N 29th Ave
Hollywood, FL 33020
USA
Hollywood, FL 33020
USA
Phone
Website
Email Address
Overview
At MayMaan Research, we strive to make a positive impact by creating alternative solutions to some of the most critical global energy challenges of the 21st century. We developed an engine/fuel combination that can and will provide a replacement that is commercially viable, energetically superior and less polluting to the current Internal Combustion Engine (ICE). MayMaan's award-winning technology efficiently runs an internal combustion engine on 70% water and 30% Ethanol, it is not dependent on fossil fuel and will require very little capital investments, the technology is covered and protected by more than 20 IP submissions globally.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Doron Shmueli
Chief Technical Officer
Yehuda Shmueli
President
Eitan Shmueli
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