GBM Works has announced the initial close of a minimum €6 million seed funding round. The funding is provided by an investor consortium comprising Rotterdamse Havendraken, Katapult Ocean, EIC Fund, and existing shareholders.
There is also an opportunity for co-investors to participate in an oversubscription, potentially bringing the total up to €7.5 million. This investment will enable GBM Works to accelerate the development and commercialisation of its Vibrojet technology. The seed round will fund the final development phases of the Vibrojet technology, including the SIMPLE III offshore test scheduled for March 2025. Additionally, it will support the first commercial deployment with Ecowende in the Hollandse Kust West VI wind farm in early 2026.
