# DRIFT Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drift-energy

- Industry: Renewable Energy
- Headquarters: London, UK
- Website: www.drift.energy/
- Total disclosed funding: $5M
- Latest round: Seed (Apr 2, 2024)
- Investors on record: 1

## About

Based in London, UK, and founded in 2021 by Ben Medland (CEO), DRIFT Energy is a renewable energy power producing firm. that generates hydropower using ocean waves. DRIFT Energy raised venture funding from investor Grok Ventures. The firm serves companies operating in heavy industries, small island nations, shipping operators, and superyacht owners.

The company generates and transfers hydropower by cruising around tradewinds, harvesting energy from underwater turbines, and storing the energy feeds on an on-board Megawatt class electrolyzer to manufacture and store Gigawatts of Green Hydrogen. This energy is then delivered via yachts that use the firm's routing software, which employs AI-based routing algorithms.

## Funding rounds

- Seed, Apr 2, 2024, $5M — Octopus Investments

## Investors

- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed