Quadrofoil Raises € 3.0 Million in Series A Funding.

Quadrofoil Raises € 3.0 Million in Series A Funding.

New investors will accelerate Quadrofoil’s manufacturing and market activities in 2019.

Quadrofoil shaping the future of the nautical industry with energy efficient and environmentally friendly vessels powered with electric engine, with hydrofoils and a patented steering system, which users can use on all water surfaces of the world.

Slovenska Bistrica, March 7th 2019

As the first and most important step of closing the one-year-long investors pitch process Quadrofoil Secures € 3.0 Million Series A Financing Round Led by Switzerland based investor AlpVent AG for accelerates production and global product presence. The investment brings Quadrofoil’s total funding since launching its revolutionary eco-friendly boat Q2 Electric to €4.2 Million and will help the company to expand manufacturing capacity and aggressively expand its sales and marketing efforts as well as accelerate new product development.

The investment marks one of the largest venture rounds for nautical-focused high-tech company, will also help Quadrofoil re-focus on research and development of new technologies, platforms, products and solutions for autonomous water transportation system.

This investment will help the company speed up its transformation from a start-up to a serious international company firmly anchored on international water transportation markets and beyond with its knowledge, ingenuity, innovations and desirable futuristic products.

It will also speed up the second phase of investors pitch Series B funding– building focused partnerships like establishing international mass serial production, establishing new R&D centre, sales and distribution network as well as after sales and service network, renting and sharing system, etc.

The company aim to design and produce sustainable, green vessels that are the paragon of modern technology. From personal watercraft for daily use to public and cargo transportation vessels, they aim with using own extensive knowledge for developing high-efficiency, eco-friendly means of water transport – focusing on exploiting the physics behind the hydrofoil technology.

Marjan M. Rožman, Quadrofoil President & CEO: “We are creating technology that propels the future of the nautical industries and energy-efficient water transportation systems. This investment is a powerful signal that we are an innovative leader in our field and we have done things right in the past. Seeing the future in the same form, shape and benefits for the planet and people on one side, and joining ideas, innovations and concepts with market knowledge and access to capital, has brought us to the new platform of cooperation that will give us the very much needed boost of fresh energy to deliver on our past promises and focus on developing new eco-friendly water transport solutions.”

Aleksander Kopač, AlpVent AG President & CEO: “Quadrofoil is more than just a start-up with one fancy product and with globally recognizable brand. Quadrofoil is an exceptional Team and we recognized the value of unique and revolutionary Quadrofoil vision, ideas, innovations, products and the possible future impacts of global deployment of clean, energy efficient and user-friendly hydro-foiling water transport solutions. Together we were addressing a 60 Billion Euro global market of nautical industry and water transportation. Being able to support Quadrofoil on its way to global market success is a good and safe investment opportunity for AlpVent. I think this investment sends a strong signal on the types of technologies that will come to define the nautical industry in the future.”