About Global OTEC
Global OTEC is a company based in London (United Kingdom) founded in 2017 by Dan Grech.. Global OTEC has raised $318.8 thousand across 3 funding rounds from investors including Climate VC, Unruly Capital and Climate Capital. Global OTEC offers products and services including OTEC Power Module. Global OTEC operates in a competitive market with competitors including Seatrec, Ocean Grazer, Makai Ocean Engineering, Ocean Thermal Energy Corporation and Bluerise, among others.
- Headquarter London, United Kingdom
- Founders Dan Grech
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Global Otec Resources Ltd
- Date of Incorporation 15 Sep, 2015
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$318.8 K (USD)
in 3 rounds
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Latest Funding Round
$318.8 K (USD), Seed
Feb 02, 2024
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Investors
Climate VC
& 2 more
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Employee Count
Employee Count
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Products & Services of Global OTEC
Global OTEC offers a comprehensive portfolio of products and services, including OTEC Power Module. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates baseload electricity using ocean temperature differences.
Funding Insights of Global OTEC
Global OTEC has successfully raised a total of $318.8K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $318.8 thousand completed in February 2024. 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 3
- Last Round Seed — $318,800
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Global OTEC | Valuation | Unruly Capital | |
| Jan, 2022 | Amount | Seed - Global OTEC | Valuation | Climate VC | |
| Jun, 2018 | Amount | Grant - Global OTEC | Valuation |
investors |
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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 Global OTEC
Global OTEC has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Climate VC, Unruly Capital and Climate Capital. 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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Climate VC is focused on investing in climate startups.
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Founded Year | Domain | Location | |
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Venture capital investments are managed by Unruly Capital.
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Founded Year | Domain | Location | |
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Early stage climate-focused venture capital investments are provided.
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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 Global OTEC
| 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 |
Financial Statements - Global OTEC
| 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 |
Global Otec Comparisons
Competitors of Global OTEC
Global OTEC 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 Seatrec, Ocean Grazer, Makai Ocean Engineering, Ocean Thermal Energy Corporation and Bluerise, 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 |
Energy is harvested from ocean temperature gradients using phase-change materials.
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| domain | founded_year | HQ Location |
Inshore platform with multi-pump and piston, power takes to generate energy
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| domain | founded_year | HQ Location |
Ocean engineering services for renewables and submarine infrastructure are provided.
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| domain | founded_year | HQ Location |
Marine technologies using OTEC and SWAC for energy are developed.
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| domain | founded_year | HQ Location |
Ocean thermal energy is harnessed for clean power generation.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Global Otec
Frequently Asked Questions about Global OTEC
When was Global OTEC founded?
Global OTEC was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Global OTEC located?
Global OTEC is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Global OTEC?
Dan Grech is the current CEO of Global OTEC. They have also founded this company.
Is Global OTEC a funded company?
Global OTEC is a funded company, having raised a total of $318.8K across 3 funding rounds to date.
What does Global OTEC do?
Global OTEC was founded in 2017 in London, United Kingdom, with Dan Grech serving as founder and CEO. The company operates within the renewable energy sector, focusing on ocean thermal energy conversion technologies. Solutions are developed to exploit temperature differences between ocean surface and deep waters for electricity generation. Operations are based in the UK, supporting sustainable energy projects in coastal and island regions.
Who are the top competitors of Global OTEC?
Global OTEC's top competitors include Seatrec, Makai Ocean Engineering and Ocean Thermal Energy Corporation.
What products or services does Global OTEC offer?
Global OTEC offers OTEC Power Module.
Who are Global OTEC's investors?
Global OTEC has 3 investors. Key investors include Climate VC, Unruly Capital, and Climate Capital.