Johannesburg-based clean-tech startup Brayfoil Technologies has secured an undisclosed amount of funding from Katapult Ocean. In addition, the innovative tech startup has been selected to participate in the Katapult ocean accelerator programme that will start at the end of this year.
Brayfoil Technologies secures undisclosed amount of investment funding
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Matthew Bray, Co-Founder & CEO of Brayfoil Technologies comments on the funding secured and being selected to take part in the prestigious accelerator.
“We’re immensely proud to be a part of the Katapult family, they are one of the Top 50 climate investors in the world and we look forward to scaling an African-born technology with their support.”
Founded in 2017, Brayfoil technologies is a clean-tech startup that has created a compliant structure and morphed aerofoil research and design. The tech startup has done this by creating and implementing cutting-edge technologies for efficiency gains and cost reductions.
The tech startup works with research institutes and corporate clients to implement morphing technology in the design, testing and manufacture of products in renewable energy and other industries.
Catering to companies that are utilising renewable energy systems such as wind turbines, Brayfoil technologies are able to help companies reduce their cost by utilising biomimicry-inspired compliant structures that “change shape like bird’s wings”. The clean-tech startup aims to enable larger turbines and lower the cost of energy.
Shailin Moodley, Lead Aeronautical Engineer at Brayfoil Technologies provides further insight into this.
“The future of the energy transition relies on enabling technologies to bring down costs and increase outputs, which is exactly what we are building.”
Featured image: Supplied, Brayfoil Technologies