About Blue World Technologies
Blue World Technologies is a company based in Aalborg (Denmark) founded in 2018.. Blue World Technologies has raised $73.61 million across 8 funding rounds from investors including European Union, DEUTZ and Danmarks Eksport og Investeringsfond. The company has 48 employees as of December 31, 2021. Blue World Technologies has completed 1 acquisition, including Danish Power Systems. Blue World Technologies operates in a competitive market with competitors including Plug Power, Bloom Energy, FuelCell Energy, Elcogen and Intelligent Energy, among others.
- Headquarter Aalborg, Denmark
- Employees 48 as on 31 Dec, 2021
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
$170.52 K (USD)-32as on Dec 31, 2022
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EBITDA
$170.46 K (USD)-32as on Dec 31, 2022
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Total Equity Funding
$73.61 M (USD)
in 8 rounds
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Latest Funding Round
$11.9 M (USD), Series B
Dec 06, 2023
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Investors
European Union
& 7 more
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Employee Count
48
as on Dec 31, 2021
- Investments & Acquisitions
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Funding Insights of Blue World Technologies
Blue World Technologies has successfully raised a total of $73.61M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $11.9 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $11.9M
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First Round
First Round
(29 Nov 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series B - Blue World Technologies | Valuation | Danmarks Eksport og Investeringsfond , Maersk Growth | |
| Aug, 2022 | Amount | Series B - Blue World Technologies | Valuation |
investors |
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| Dec, 2021 | Amount | Series B - Blue World Technologies | Valuation | Vaekstfonden , DEUTZ |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blue World Technologies
Blue World Technologies has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, DEUTZ and Danmarks Eksport og Investeringsfond. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of capital investments into climate and environmental impact technology companies
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Founded Year | Domain | Location | |
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VC fund focused on early stage trade & logistics sectors
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Founded Year | Domain | Location | |
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blue World Technologies
Blue World Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Danish Power Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufactures membrane electrode assembly
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Blue World Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blue World Technologies Comparisons
Competitors of Blue World Technologies
Blue World Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plug Power, Bloom Energy, FuelCell Energy, Elcogen and Intelligent Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hydrogen-based fuel cells are manufactured for power applications.
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| domain | founded_year | HQ Location |
Provider of solid oxide fuel cell technology
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| domain | founded_year | HQ Location |
Online platform offering fuel cell-based solutions
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| domain | founded_year | HQ Location |
SOFC single cells and stacks are developed and manufactured.
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| domain | founded_year | HQ Location |
PEM fuel cell and CHP power systems developer
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blue World Technologies
Frequently Asked Questions about Blue World Technologies
When was Blue World Technologies founded?
Blue World Technologies was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Blue World Technologies located?
Blue World Technologies is headquartered in Aalborg, Denmark.
Is Blue World Technologies a funded company?
Blue World Technologies is a funded company, having raised a total of $73.61M across 8 funding rounds to date. The company's 1st funding round was a Series B of $16.92M, raised on Nov 29, 2019.
How many employees does Blue World Technologies have?
As of Dec 31, 2021, the latest employee count at Blue World Technologies is 48.
What does Blue World Technologies do?
Blue World Technologies was founded in 2018 in Aalborg, Denmark, focusing on the clean energy sector. Methanol fuel cells are developed through high-temperature PEM technology integrated with methanol-reforming processes. These systems are designed for applications in passenger vehicles, taxis, and material handling equipment. Drivetrain solutions are provided by combining the fuel cell with plug-in battery hybrids to manage power and range requirements. Operations emphasize efficiency in conversion and refueling.
Who are the top competitors of Blue World Technologies?
Blue World Technologies's top competitors include Bloom Energy, Plug Power and Intelligent Energy.
How many acquisitions has Blue World Technologies made?
Blue World Technologies has made 1 acquisition, including Danish Power Systems.
Who are Blue World Technologies's investors?
Blue World Technologies has 8 investors. Key investors include European Union, DEUTZ, Danmarks Eksport og Investeringsfond, Cycle Group, and Maersk Growth.
What is Blue World Technologies's valuation?
The valuation of Blue World Technologies is $856.16K as of Apr 2020.