March 24, 2022
Gazelle achieves its initial crowdfunding target by the first day of the public campaign
When investing, your capital is at risk
DUBLIN, Ireland – March 23, 2022 – Gazelle Wind Power (Gazelle), the developer of a breakthrough floating offshore wind platform, has opened a new funding round, which includes its first-ever crowdfunding campaign as part of the round. The company achieved its initial crowdfunding target by the first day of the public campaign. The fundraise brings Gazelle’s total amount raised to over U$ 3 million in equity and U$ 10 million in supplier finance, in less than 12 months. The crowdfunding campaign is in collaboration with startup fundraising platform Seedrs. With the private phase of the crowdfund completed, it is now open to the public, extending the opportunity for additional retail investors to get involved.
“We believe that we are on the fast path to accelerate the advancement of offshore wind—but we can’t do it alone. We want to allow retail investors an opportunity to join our network of great partners, investors, and supporters,” Gazelle President and Founder Jon Salazar said. “In recent weeks, we’ve seen the importance of energy independence, but this transition requires effective collaboration by many forward-thinking individuals worldwide.”
The Gazelle is a new concept that ingeniously utilises the geometry of the mooring to mitigate the extreme forces encountered in floating offshore wind. Its elegant design results in a lightweight, stable, and durable deepwater floating platform that is estimated to offer 30% less cost and less environmental impact than currently deployed platforms. Gazelle could define the next generation of floating wind turbine generators as a viable solution to unlock the untapped potential of the offshore wind market and accelerate the clean energy transition.
As a 2021 portfolio company of Katapult Investment Group, Gazelle was also a Global Winner at the Uniting Water Energy Food Finals out of more than 1,800 companies and a finalist in two award categories for the S&P Global Platts Global Energy Awards.
For more information on Gazelle Wind Power and its floating offshore wind platform, visit gazellewindpower.com. To find out more about the Gazelle Wind Power crowdfunding offering powered by Seedrs, click here.
Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. This release has been approved as a financial promotion by Seedrs Limited, which is authorised and regulated by the Financial Conduct Authority (No. 550317).
About Gazelle Wind Power
Gazelle Wind Power Limited is unlocking the massive deepwater offshore wind market to achieve global decarbonisation. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, Paris, and Texas. For more information, visit www.gazellewindpower.com.
Media Contacts
For Gazelle Wind Power:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
gazelle@mercomcapital.com
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