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Delft-based Kitepower, a startup generating electricity by flying kites, announced on Monday that it has secured €896K in crowdfunding (at the time of writing this article) on the Crowdcube platform from 797 investors.
The Dutch company launched this crowdfunding campaign with a target of €700K. The crowdfunding will close on October 4, 2022, Tuesday.
Kitepower says it will use the funds to provide short-term solutions for disaster areas, refugee camps, construction sites, and festivals.
The announcement comes over a year after raising €3M from Energy innovation fund ENERGIIQ, Stichting ifund, and Windhandel Beheer.