Blue World Technologies announced a seed round raised from Chinese strategic investor.

Blue World Technologies, an Aalborg, Denmark-based manufacturer of an alternative manufacturer of methanol fuel cell components and systems as a real green alternative to the combustion engine, announced that it secured a seed investment round of DKK 45M ($7M).

The funding was provided by the Chinese car manufacturer, Aiways, and included several smaller investors.

Blue World Technologies, founded in 2018 by Mads Bang, Anders Korsgaard and Mads Friis Jensen, is a fuel cell manufacturer with a specific focus on the transport sector. The company uses 100% methanol as fuel as fuel cell systems act as a range extender in an electric vehicle, ensuring a range of more than 1,000 km, 3-minute refueling time and zero harmful emissions.