Poseidon Marine H2 is undertaking a capital raise next week via the online trading platform VCEX, following the signing of a world-class technology partner.
The capital raise will be used to fund the beginning phases of creating a hydrogen-powered boat by the third quarter of 2023.
In general, the business claims it is developing a better boat that happens to be hydrogen-powered.
Their primary objective is to ensure that the pleasure ship they are building has a comparable operational range, requires less maintenance, and is more cost effective to operate than traditional fuel sources such as diesel.
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