HPP was pleased to advise OGCI Climate Investments, a specialist decarbonization investor focused on accelerating capital-efficient pathways towards a low-carbon economy, on its participation in the latest Series C fundraising round concerning Norsepower Oy, the leading global provider of mechanical sails for large ships. The round successfully secured €28M.
French asset manager Mirova, an affiliate of Natixis Investment Management dedicated to sustainable investment, led the fundraising through its impact private equity Mirova Environment Acceleration Capital fund. Additional participants in the round included The Finnish Climate Fund (Ilmastorahasto), Nefco – The Nordic Green Bank, Tesi, and Power Fund III. With a focus on impact, these organisations have joined forces to enable Norsepower to scale up production and expand the reach of its fuel-saving and emissions-reducing technology.