Pre-Series B · Climate tech
Albatross Technology raises ¥250m pre-Series B for a larger offshore turbine test
The equity round brings cumulative financing to approximately ¥770m and funds the next experimental unit.
Financing context
Investors include Development Bank of Japan, Sumitomo Heavy Industries, Mitsubishi Gas Chemical, Showa Kikai Shoji, Albacross, Hokuhoku Capital and individuals.
The September 9 announcement directs the proceeds primarily toward preparing a larger offshore test machine. The ongoing smaller test in Nagasaki is already funded through a five-company joint research arrangement. The distinction matters: the new round supports the next development step, rather than financing the same experiment again.
Use of funds
Prepare a large-scale offshore test turbine following the small offshore experiment
Funding history
Pre-Series B · This round¥250M