Renewable Energy Startup“Seatrec” Will Be Raising $1M on Propel(x) platform
Seatrec is now raising $1 million funding with the help of Propel(x)’s platform. Breakout Labs and Schmidt Marine Technology Partners are among the investors who participated. Seatrec, a California-based renewable energy startup produces unique solutions for electricity with the help of temperature differences in environment.
Seatrec was founded by NASA Jet Propulsion Labs (JPL) and California Institute of Technology under Dr. Yi Chao, CEO and Founder of Seatrec, as a spinoff. Dr. Chao believes that this technology is a great opportunity to create power from any temperature differences whether in oceans or land. Their renewable energy solution has limitless capacity, no battery-related wastage problems, few deployments and operations cost age when compared to traditional batteries.
About Propel(x) Inc.
Propel(x) Inc. is an online angel investment platform which aids investors, source, evaluate and fund prominent science and tech startups. It was founded by CEO, Swati Chaturvedi and Lisheng Wang in the year 2013.The company aims to change world and build next generation of prominent companies by providing funding for startups that are based on advanced science and breakthrough researches.
Seatrec is consuming developed technologies and prototypes to provide clean power for remote interior locations. At present, the company focuses on ocean and to provide distinctive power solution for oceanic researches and exploration but at the same time it excludes environmental harmful batteries sea disposal. In future the company will harvest energy from the day and temperature differences in night on land and air-sea temperature differences in the Arctic region.
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