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Dutch based scale-up Watermeln raises over 3.5 million euros and sets course for market leadership in hydrogen generators
Amsterdam
Dutch company Watermeln, the innovative provider of hydrogen fuel cell generators, proudly announced that it has raised over €3.5 million in a recent investment round. This funding was made possible in part by the Amsterdam Climate and Energy Fund (AKEF) and BEEQUIP. Watermeln is investing a total of more than €4 million in scaling up and acquiring hydrogen generators, solidifying its position as a market leader in sustainable power supply. Last year, the company already secured over €1.5 million.
Currently, Watermeln’s rental fleet consists of three WM-200 units, each with a capacity of 200 kW. With the new investment, the fleet will expand to 13 units, allowing Watermeln to serve significantly more projects. But this is just the beginning: alongside the WM-200, they are actively working on and investing in the development of both smaller and larger hydrogen units and storage tanks, aiming to cater to a broader range of customers.
“Our ambition is to make hydrogen generators accessible and affordable for a wide audience,” said Jeff Wezel, co-founder of Watermeln. "We are immensely grateful for the trust of our investors. Thanks to their investment, we can accelerate production and further expand our product offerings. Having gained extensive experience in providing power for off-grid festivals, charging stations, and construction sites, it’s now time to leverage that expertise to enhance the market and take a leading role in the transition to sustainable energy."
Watermeln still sees much room for improvement in today's market. The organization is determined to seize these opportunities and make a significant impact in the field of renewable power supply. The current investment enables the company to grow and become a mature player ready for large-scale scale-up.
Co-founder Jasper Baltus explains: “Watermeln's mission is to offer not only reliable, but also safe and affordable hydrogen generators that meet the highest demands of our customers. Our technology and software is ready. With this financing, we are better equipped than ever to deliver on that promise.”
Watermeln looks to the future with confidence and expects to play a key role in making energy supply more sustainable with the expansion of its fleet and product line. This strategic investment marks an important milestone in Watermeln's growth and puts the company on the map as a major player in the hydrogen sector.
About Watermeln
Watermeln is an Amsterdam-based company focused on developing and leasing hydrogen generators. The company offers sustainable solutions for power supply at locations without (or with limited) grid connection, such as festivals, construction sites and loading docks. Watermeln strives to make hydrogen technology accessible and affordable, with the best service as its top priority.
About AKEF
The Amsterdam Climate and Energy Fund (AKEF) was founded by the City of Amsterdam and is managed by e3 Partners. The fund invests in projects in energy transition and circularity. Since its inception, the fund has committed more than 86 million to 35 projects.
About BEEQUIP
Beequip offers SMEs leasing solutions for acquiring equipment (used and new) or obtaining working capital through their own equipment. Beequip finances equipment in several different asset classes, such as road transport, earthmoving, maritime and energy. As a result, we help entrepreneurs in several key industries, such as transportation, industry, agribusiness, and construction.