Mirova led a €28m Series C funding round in Norsepower.

Mirova, an investment manager, led a €28m Series C funding round in Norsepower, a provider of mechanical sails for large ships, with participation from Ilmastorahasto, OGCI Climate Investments, Nefco, Tesi and Power Fund III. “With this first investment outside of France, the Mirova Environment Acceleration Capital Fund goes one step further to accelerate the scaling of innovative environmental solutions with positive impact. We are thrilled to support Norsepower in their journey to empower the shipping industry towards reaching the goal of zero carbon emissions, and together play an active role in the environmental transition,” Youssef Belatar, Mirova Investment Director.