Oxhy has just reached a significant milestone in its commitment to transform the landscape of sustainable energy through Energy Harvesting technology. Today, we are excited to announce that we have reached €1 million in our pre-seed fundraising.
This milestone represents a significant moment for our team and the vision that has inspired us from the beginning. The trust and support of our investors and partners have enabled us to achieve this incredibly important result in our journey towards innovation and sustainability.
The €1 million investment will allow us to accelerate the development of our flagship technology, Oxhycell. This investment will be crucial in supporting our research, development, and testing activities, enabling us to further our mission of revolutionizing the energy harvesting sector through innovative and sustainable solutions.
Looking ahead, we intend to deploy the funds raised to achieve important goals. One of the key objectives is to reach Technology Readiness Level 6 (TRL6) for Oxhycell. This will represent a significant step in the technology development process and bring us closer to commercialization.
Additionally, we plan to initiate the first pilot projects to test the effectiveness of Oxhycell in real-world contexts. These pilot projects will provide valuable insights into the performance and applicability of the technology, allowing us to further refine our approach and prepare for the next phase of scalability and deployment.
We would like to express sincere gratitude to our investors, who have believed in our vision from the outset and have demonstrated their commitment through this investment. Their support has been instrumental in our progress thus far, and will give us the momentum needed to tackle future challenges with confidence and determination.
However, this milestone is just the beginning of our journey. With the support of our investors and the dedication of our team, we are confident that we can continue to push the boundaries and drive innovation in the sustainable energy sector.
Finally, we would like to thank everyone who, while not investing, has contributed to reaching this milestone, from our internal team to our external partners and supporters. We are grateful for their support and look forward to sharing our future success with all.
Stay tuned for further updates on Oxhy and our journey towards a more sustainable energy future.
Thank you again for your continued support.
Team Oxhy
