Netherlands-based Watermeln, a company that provides the solution for sustainable mobile energy needs, announced on Thursday, that it has raised €1.5M in a fresh round of funding.
The investment was made by the Amsterdams Klimaat en Energiefonds (AKEF) and Accenda.
The AKEF was formed by the municipality of Amsterdam and is run by e3 Partners. The fund backs initiatives that advance energy efficiency, renewable energy production, circular energy, and energy conservation. It has contributed €74M to 31 projects, to date.
Delft-based Accenda is a research and development firm specialising in battery and hydrogen technologies. The firm claims to have created the first zero-emission hydrogen electrically powered excavator for the Mourik contractor.