Wind Spider AS completes fundraising

Wind Spider AS announces that it has secured investments from industrial and financial investors in addition to existing shareholders in November 2021. The investment will fund development, qualification, and commercialization of the WindSpider Technology. 

“We are very satisfied with the strong interest for WindSpider by both industrial and financial investors. We are humble and proud that IKM Gruppen, one of WindSpider’s existing partners and with detailed insight into the technology, have chosen to invest in the company along with other valuable investors.” said Hans Olav Hide, the Chairman of WindSpider.

“Offshore wind is a mega trend that will be important for the energy transition to a net zero future. WindSpider offers new, innovative, and scalable green technology that will reduce cost for offshore wind and hence improved competitiveness. The technology has superior capacity, is ready for next generations of offshore wind turbines and with numerous growth avenues we are excited for the next phase.”, said André Ølberg, the CFO & Commercial Director of WindSpider.

About WindSpider

WindSpider is a technology company that develops a new modular self-erecting crane system for wind turbines. The WindSpider crane include the tower of the wind turbines as part of the crane and as such enables mobilization at a lower height and weight using standard vessels offshore or cranes onshore. The crane is designed for installation and maintenance for both bottom-fixed and floating substructures. With a lifting capacity of +1 200 metric ton and by eliminating relative motion between crane and tower, WindSpider solves issues with today’s solutions and is prepared for next generations of wind turbines at a substantially lower cost.