Avvalor Corporate Solutions assisted Huracan Marine Srl based in Ronchis (Udine), in the Fundraising operation with Geneva Metals through a first capital increase, out of the three planned in Round A, for a “post money” valuation of 8M euros.
Huracan Marine manufactures and markets a range of electric outboard and inboard engines with powers up to 50 kW as well as hybrid systems.
The marine electric motors made by Huracan Marine are proposed as top of the range in the offer to the market of yachting customers and companies for the transport of people and/or things to be able to navigate in protected marine areas or areas subject to bans for boats with internal combustion engines .
Geneva Metal, already involved in projects in the field of marine electric mobility, intends to strengthen the development of the electric powertrain through a close partnership with the French entrepreneur Emile di Serio, president of the industrial group Saint Jean Industries.
The co-founders of Huracan Marine, Franco Moro, formerly responsible for engine development at Aprilia Racing where Biaggi, Rossi, Capirossi won the MotoGP world championships, and Leandro Scomazzon, former CEO and Vice President of Aprilia, have developed innovative solutions that improve performance and autonomy of boats with electric propulsion.
The technical solutions developed are covered by patents.
The funds raised will be used for:
 expand the work team
 consolidate the nationwide expansion plan envisaged over the next 2 years
 become the point of reference also on the European market by 2025

The financial advisor of the deal:

Avvalor Corporate Solutions assists companies in obtaining ordinary and extraordinary finance, in the company sale or purchase process (M&A), in accompanying the customer on international markets. Member of the M&A Worldwide network, present in 40 countries in all geographical areas, Avvalor is able to identify international investors for Italian companies or assist growth companies or investment funds to identify companies to acquire in Italy.