CorPower Ocean has secured funding from two strategic investors, Acario and GTT Strategic Ventures, in its Series B round. This investment builds on a previous $37.4 million raise to scale wave energy as a clean electricity source.

Jul 18, 2025•15 days ago

Amount Raised

$37.4 Million

Round Type

series b

StockholmRenewable EnergyEnergy

Investors

Iberis CapitalSantander Asset ManagementCisco InvestmentsInno EnergySeb GreentechNordic Ninja VcGtt Strategic VenturesAcario

Description

CorPower Ocean has welcomed Acario and GTT Strategic Ventures as part of its Series B funding round, enhancing its investor consortium. The new investors bring strong industrial expertise and credibility to support CorPower's commercial scale-up journey. This investment follows a previous $37.4 million Series B1 raise.

Company Information

Company

CorPower Ocean

Location

Stockholm, Stockholm County, Sweden

About

CorPower Ocean is a wave energy device developer founded in 2012, focused on designing, building, and installing solutions for harvesting clean energy from ocean waves. The company addresses key challenges in commercial wave energy adoption, including storm survivability and efficient power generation in regular ocean conditions. With a global team of 85 people, CorPower aims to bring utility-scale wave energy to various locations, including the Atlantic Arc.

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