We are thrilled to officially announce the launch of the second phase of our fundraising campaign, a crucial milestone for Oxhy’s future. With a target to raise €4.5 million by 2025, we are taking the next step in turning our vision into reality, bringing unique innovation and potentially disruptive advancements to the field of Energy Harvesting.
Building on Success
Oxhy’s journey began with solid support: the first phase of our fundraising campaign successfully concluded in February 2024, raising €1 million. This initial funding was complemented by approximately €600,000 secured through public programs such as Campania Startup and Smart & Start, providing a strong foundation for our remarkable achievements during our first year of activity.
2024 has been a truly memorable year, marking a milestone for Oxhy. Thanks to the support of our early investors, we have achieved significant milestones:
- Miniaturization of the Oxhycell base unit from 2.5 cm³ to just 20 mm³.
- Power output levels of 2 µW per cell, surpassing initial expectations.
- Modular prototypes developed and tested with target commercial devices, nearly ready for real-world applications.
- Strategic partnerships initiated, opening new opportunities.
- Over 700 expressions of interest from potential customers, partners, and investors.
Looking Ahead: Ambitious Goals and Exciting Challenges
With this second phase of fundraising, our ambitions are even greater: we aim to raise an additional €3.5 million to complete our development program. The new funds will enable us to:
- Advance our oxhydroelectric cell technology—Oxhycell—to Technology Readiness Level (TRL) 6 and Business Readiness Level (BRL) 7 within 18 months.
- Execute a Go-to-Market strategy to penetrate initial niches in the industrial energy harvesting market.
- Launch the first pilot projects in 2025, cementing our position in the sector with a technology that is both commercially and technologically mature.
Active Engagement with Investors
Oxhy is actively engaging with private investors, Business Angels, Venture Capital funds, and Corporate Venture Capital entities to build strategic alliances that will propel us toward our next objectives.
We have already received investment commitments totaling at least €1.5 million, and in just over a month, we’ve secured a significant portion of that amount. This enthusiastic response from the market confirms the robustness of our project and trust in our ability to innovate.
2025: A Year of Opportunity
The year 2024 marked Oxhy’s first year of existence — a year in which we demonstrated that our vision can translate into tangible results through a unique combination of technical, scientific, and strategic expertise. Now, as we look ahead to 2025, we prepare to take another leap forward, building not just an innovative technology but also a more sustainable energy future.
With the support of our investors and partners, we are building the future of energy, one step at a time. Join us on this extraordinary journey!
