Aikido Technologies, a floating wind startup, has announced the close of its over-subscribed $4 million Series Seed investment round.
The financing was led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, Anthropocene Ventures, and others. Aikido will use this capital to advance its technology for offshore deployment, build its team, and develop a commercial pipeline. The company is currently supported by Breakthrough Energy Fellows, which is funding Aikido’s first pilot deployment, the Aikido One.
Key features of the platform for floating offshore wind turbines include:
- Pin joints that enable serialised production of its 13 steel components.
- A design that allows it to fold up during assembly, occupying 2/3 less space in a shipyard or quayside port facility.
- A fit-for-purpose, reusable assembly structure that enables quick placement, alignment, final assembly, and transport.
- An upending procedure that only requires water ballast.
