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Marine Industry is ‘Ripe for Innovation’ as VoltSafe Returns to FrontFundr

October 3, 2024 by Knowlton Thomas Leave a Comment

VoltSafe announced this week that it has launched a strategic equity crowdfunding campaign.

The crowdfunding campaign, launched through online private markets investing platform FrontFundr, aims to raise incremental capital to accelerate VoltSafe’s trajectory and drive the company towards licensing and commercialization goals, according to chief executive officer Trevor Burgess.

“Investing in VoltSafe through our FrontFundr campaign drives the commercialization of our award-winning marine shore power solution in 2025,” the CEO stated.

It’s not the first time VoltSafe has turned to equity crowdfunding to secure capital, having done so before in 2022.

Since then, VoltSafe has reached milestones, joined accelerators, received nationwide recognition, and won awards for its flagship technology, including two CES Innovation Awards and an IBEX Innovation Award in 2023.

“We’ve jumped huge hurdles, built a strong IP moat, and are disrupting the lucrative marine industry ripe for innovation,” Burgess said.

The second FrontFundr campaign was a natural move, according to VoltSafe CFO Scott Carlson. That’s because the first round was “significantly oversubscribed” and, as a result, the team continues to “receive inquiries asking when VoltSafe is going to open another community raise.”

Using magnets and an electrical fingerprint for high voltage power transfer, VoltSafe is the first company in the world to successfully safety certify a high voltage, prong-less plug technology with exposed contacts.

“VoltSafe is the only company in the world able to do what we do,” believes Carlson.

VoltSafe has been innovating clean-tech for the marine industry since a pitch on Dragons’ Den in 2018, with 2025 ramping up to be the year of major commercialization for the firm.

“We are now on the cusp of large scale commercialization, significant revenue and EBITDA, and rapid growth,” Carlson posits. “Opening this equity crowdfunding campaign offers a rare opportunity for retail investors to become shareholders in one of North America’s most exciting deep tech startups, ahead of institutional investors.”

This second round is poised to also be oversubscribed; with more than two months left on the newly launched campaign, VoltSafe has already raised 99% of its $750,000 target.

“This is a unique opportunity to become a shareholder of a deep tech company at an exciting inflection point,” added Burgess.

Filed Under: News Tagged With: VoltSafe

 

About Knowlton Thomas

Knowlton Thomas is Editor-in-Chief of The Midway Advance and Senior Writer for Techcouver. Over more than a decade of journalism, he has penned thousands of articles and dozens of essays on technology, health, and culture across a variety of publications.

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