Swedish motor startup closes successful seeding round

Zparq electric motor

Source: Zparq

A Swedish startup which is looking to bring its compact electric marine motor to the market has successful closed out a €2.5 million seeding round.

The funding round, which was co-led by through Santander’s InnoEnergy Climate Fund and Almi Invest GreenTech, will help bring Zparq’s motors to commercialisation.

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