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Series A Capital Raise Opens

After signing a world-class technology partner, Poseidon Marine H2 has opened to investors via the online trading platform VCEX.

Its team of world-class engineers is seeking to raise the initial capital of A$410,000 to fund the project’s feasibility study to develop a hydrogen-powered boat which they expect to have in the water by the third quarter of 2023.
With limited shares available you will not want to miss out on this opportunity!

Investment highlights:

  • The company will target the new motor yacht market, which has a projected 2026 market size of US$11.05b, with Europe making up 35 per cent of the sector (US$3.87b).
  • Europe has committed to ending the production of carbon-fuelled boats by 2030, creating a substantial opportunity for the company to fill the technology vacuum in this market set to be worth US$5b and ensure the transition is sustainable.
  • Their technology partner, Dynamic Efficiency, has direct connections with a marine engineering company at the Gold Coast City Marina and an extensive list of relationships with major industry players and universities.
  • Directors are leveraging their relationships with large Australian boat manufacturers to start forming offtake agreements for when the product is commercialised.
  • A hydrogen-fuelled boat is expected to be in the water in the next 18 months, making it one of the first in the world.
  • The approach allows for a new top to be seamlessly installed onto a repurposed hull powered by green hydrogen, meaning uptake will be quick as the assets already exist.

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