Voltai, an innovative Canadian cleantech company focused on ocean and renewable energy solutions, has announced the successful closing of its oversubscribed pre-seed financing round, securing CAD $1.83 million. Leading the round was Invest Nova Scotia, a business development agency for the Province of Nova Scotia investing directly in high-growth deep technology start-ups.
This round attracted significant interest from investors, including an angel investor group headed by Mahir Sahin, former advisor to Alphabet's Moonshot Factory X (formerly Google X), and founder of Cloudberry Ventures. The investment highlights the global potential of Voltai’s innovative approach to harnessing ocean energy, positioning the company to rapidly advance its technology development and commercialization efforts within the maritime sector.
"The support we’ve received from Invest Nova Scotia and our investors is both exciting and validating," said Maja Maher, CEO and Founder of Voltai. "It reinforces our belief in this technology and its potential to help the shipping industry reach its net-zero targets. This funding allows us to fast-track our development and bring real, scalable solutions to a sector that urgently needs them."
Voltai’s novel electrostatic generators capture kinetic energy from ocean waves and vessel movements, converting it into reliable and renewable electricity. As the first viable wave energy harvesting solution designed specifically for onboard use, the technology can be installed on moving vessels without inducing drag. This breakthrough makes wave energy practical at sea, helping the shipping, maritime, and offshore industries reduce their reliance on fossil fuels, lower emissions, and cut operational costs.
“Harnessing the energy potential of waves has long posed significant challenges. Voltai’s electrostatic generator, with its unique energy conversion mechanism, addresses these challenges head-on to make wave energy conversion efficient and cost-effective,” says Jen Fuccillo, Investment Principal at Invest Nova Scotia. “Invest Nova Scotia is excited to support Voltai through its next phase of growth commercializing their generators for the shipping industry. By harnessing the power of the ocean as a renewable energy source, Voltai could unlock vast potential in Nova Scotia, and globally, offering a promising solution to decarbonize industries, develop localized energy production, and reduce greenhouse gas emissions.”
The involvement of Mahir Sahin’s angel group adds significant strategic value, connecting Voltai with global tech ecosystems and providing essential expertise and guidance.
With this funding secured, Voltai is well-positioned for rapid growth, preparing the groundwork for an upcoming seed round aimed at further expansion and scaling its groundbreaking solutions in the global maritime energy market.
About Voltai
Voltai is a Dartmouth-based cleantech innovator dedicated to transforming ocean energy into practical renewable solutions. Its technology significantly reduces maritime industries' reliance on fossil fuels, cutting emissions and operating costs. For more information, visit www.voltai.ca.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251002710328/en/
“Voltai’s electrostatic generator, with its unique energy conversion mechanism, makes wave energy conversion efficient and cost-effective.” – Jen Fuccillo, Invest Nova Scotia
Contacts
Media:
Maja Maher
CEO
Maja@voltai.ca
(782) 321 - 4769