Gazelle Wind Power Limited has announced that it has raised $4 million in funding to accelerate the development of its hybrid floating offshore wind platform.
This investment includes $1.3 million in seed funding and another $2.7 million in strategic long-term financing which will be used to develop the company’s first grid-connected demonstrator. Investor participation included Spanish businessman and E2IN2 founding partner Valentin de Torres-Solanot del Pino, along with Peter Murphy and Zach Mecelis, co-founders of Covalis Capital.