Smalle Techonology has derived from Barcelona´s University and is supported by InnoEnergy for their activity in the energy harvesting industry, with technology designed to transduce mechanical energy into electrical energy.
The ambitious goal from this third round will enable the company to install 4,000 units of the device eForcis over the next five year, an innovator clean and renewable-energy generator which can now begin to be marketed after four years of research, development and field testing.
The eForcis is a small-scale energy-harvesting device that transforms the energy from the oscillation of waves into electricity. It can be used as a complement or as a substitute to solar panels, micro-wind turbines, or batteries, and it can be installed in boys, fish farms and marine platforms.
Investments can be performed through Crowdcube Spain, the online platform that allows anyone to invest alongside professional investors in start-up, early stage and growth business through equity and debt investment options.
Moreover, the venture expects to obtain an equivalent amount to this round funding from public funds in the coming months.