Start up Velettrica opens to new members, zero impact target

ROME, NOV 23 – Capital increase for Velettrica, a Roman start-up set up by the inventor Roberto Baffigo and which has developed a system, pending patent, of hybrid sail / electric propulsion that can allow a boat to navigate and power on-board systems without the use of fossil fuels. Among the investors in the transaction, on a private basis, also Giulio Ranzo, CEO of Avio SpA, who positively assessed the value proposition of Velettrica and its proprietary technology. Velettrica was assisted by the Nunziante Magrone studio. Vellettrica’s mission is to develop a highly efficient marine propulsion system to make every sailing boat or yacht a zero-impact vehicle. Secodjo Roberto Baffigo CEO of Velettrica “the transition to electric vehicles will significantly increase the demand for energy, it will be essential to produce this energy with a low CO2 footprint and therefore from renewable sources. The Velettrica system combines the wind energy with the characteristics of the electric motor for marine propulsion in an extremely efficient way, it is an off-grid system that eliminates or minimizes the problem of energy production and transport: it is a system in equilibrium with nature with a very low ecological footprint “. Vieri Paoletti, partner of Nunziante Magrone, assisted Velettrica for the legal part relating to corporate aspects, financing structuring and subsequent needs in the IP field: “We have developed specific expertise in assisting high-tech start-ups with a team and services aimed at the scale-up process and the evaluation of growth opportunities both nationally and internationally “. (HANDLE).

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