Green investment

Contribute to a greener future

Investor information
Blue World Technologies was founded in October 2018, and just two months later, we closed a seed investment round at 6 million EUR. Two years later, in December 2020, we closed a second investment round of 8 million EUR. In August 2022, we closed a B-round of 37 million EUR.

For the past couple of years, we have succeeded in bringing down the production costs of our components significantly through determined research and development. With an industrial approach, we are aiming to commercialise the methanol fuel cell technology through large-scale production. 

Being part of a greener future

At Blue World Technologies we design, develop, and manufacture methanol fuel cell components and systems as a green alternative to combustion engines and diesel generators for industries worldwide, but primarily focusing on the maritime industry.

Based on decades of experience within the fuel cell industry, Blue World Technologies has developed a methanol fuel cell technology that is compact, energy-efficient, and ideal for integration in a wide variety of applications within numerous markets. Customers in different markets experience various benefits with the Blue World Technologies’ methanol fuel cell system.

Common for all are:

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COâ‚‚ reduction

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Cost savings

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Reduced emissions

Financial milestones
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2023

Blue World Technologies raised 11 million euros from both existing and new investors including Maersk Growth, the venture arm of A. P. Moller – Maersk, as a convertible loan that is pending the closing of a series C round.

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2022

Blue World Technologies closed an equity round of 25 million euros thereby completing an 37 million euros series B round initiated in 2021. Additionally, 8 million euros was raised in debt financing.

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2021

Blue World Technologies closed equity financing of 12 million euros, initiating the series B round, which was closed in August 2022. Furthermore, 1 million euro was raised in debt financing.

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2020

Blue World Technologies closed an equity round of 8 million euros, with amongst others Cycle Group, and received an additional 1 million euro in debt financing.

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2019

In early 2019, just a few months after Blue World Technologies was founded the company closed a seed round of 6 million euros. Additionally, The Export and Investment Fund of Denmark (EIFO) entered with a convertible loan of 0.4 million euros which was converted to shares in 2021.

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2018

Blue World Technologies was founded by industry experts Anders Korsgaard (CEO), Mads Bang, (former CTO) and Mads Friis Jensen (CCO) with an aim to industialise the methanol fuel cell technology.

Our contribution

The methanol fuel cell technology developed by Blue World Technologies has the opportunity to become one of the solving answers for decarbonisation in hard-to-abate sectors. Blue World Technologies is founded on extensive experience within the fuel cell industry aiming to produce large-volume, high-efficient methanol fuel cells at a cost that can compete with conventional combustion engine technologies. 

An opportunity to make a difference

An investment in Blue World Technologies is not just a business opportunity, it is also an opportunity to make a difference in the combat against climate changes and severe global problems with air pollution.

Since Blue World Technologies was founded, we have experienced a general interest from the public in our technology and the contribution it has on pushing the global green transition forward. Based on that interest, Blue World Technologies has, through several investment rounds,  built up a solid base of investors from around the world. With their support, we are working determined on the industrialisation of the methanol fuel cell technology to provide industries worldwide with a truly green alternative to conventional power generators and combustion engines.

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