# CalWave Power Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/calwave-power-technologies

- Industry: Environmental Services
- Headquarters: Oakland, US
- Website: www.calwave.energy
- Latest round: Seed (Dec 10, 2020)
- Investors on record: 2

## About

Based in Oakland, US, and founded in 2014, CalWave Power Technologies Inc. develops wave energy converter technology via ocean waves. In 2015, the company kicked off the product design, and reached partnership with institutions involved in the industry such as Cyclotronroad, Activate annd Berkeley Lab. In 2016, the prototype was completed, which brought the company with Wave Energy Prize, and NSE certificate. Since 2019, the company's focus pivoted to business construction and development. It received USD 7.5 million in grant from new investor U.S. Department of Energy in 2022.

As of 2023, the company has commercialized a solution -- xWave™, a wave energy solution provides homes and businesses on rugged coastlines and islands with power for on-site use or for export to the electrical grid. The company also has two federally-approved project called PacWave, which located in Newport, OR. Another one is Open-Ocean Pilot, which located in San Diego, CA.

## Funding rounds

- Seed, Dec 10, 2020 — 1517 Fund, High Tide Foundation

## Investors

- 1517 Fund (https://capitalatlas.ai/funds/1517-fund) — Seed
- High Tide Foundation — Seed