ABG Sundal Collier acted as exclusive financial advisor to Blue World Technologies in connection with an investment of EUR 15 million from DEUTZ and Vækstfonden

Blue World Technologies has today announced an investment of EUR 15 million from DEUTZ and Vækstfonden (The Danish Growth Fund). The investment is split into two tranches, with the first tranche being completed yesterday and the second tranche expected to close during H1 2022.
Blue World Technologies is an ambitious and visionary developer and manufacturer of high temperature PEM fuel cell components and systems for stationary and APU applications as well as the automotive and heavy-duty transportation sectors. Blue World Technologies’ fuel cells run primarily on methanol – a renewable liquid fuel that simply and cost-effectively can be stored for years and transported around the world while reusing existing infrastructure.
“With a short history of only three years, we have moved quickly in many ways, and with these new investments we are now accelerating the industrialisation of our methanol fuel cell technology even more”, says Anders Korsgaard, Co-founder and CEO of Blue World Technologies and continues: “Both Vækstfonden and DEUTZ are really strong and experienced investors who can support Blue World, both in relation to the further development of the company, large-scale production, and with market access. We have had an exciting and good collaboration in the recent months, and we look forward to continuing exploring that”.
ABG Sundal Collier acted as exclusive financial advisor to Blue World Technologies.