Chalenergy Corporation, a company supported by Glocalink, announced today that it has raised funds from the Real Tech Fund*. This is a step forward toward the development of a mass-produced machine.

Chalenagy Inc. won the Grand Prize of the 1st Tech Plan Grand Prix in March 2014 and is the first company to win the award,Funding from GlocalinkSince then, the project has been jointly developed with Nihon Unisys, THK, and others, and crowdfunded with about 400 supporters,Demonstration Development in OkinawaI have been there.
In addition, we are currently working on the commercialization of a 10kW next-generation wind turbine generator that can generate electricity stably even under typhoon conditions, as selected by the New Energy and Industrial Technology Development Organization (NEDO) for its FY 2008 "R&D Venture Support Project / Commercialization Support for R&D Ventures in the Seed Phase" subsidy program (hereafter referred to as "STS"). The company is currently working on the commercialization of a 10kW wind turbine that can generate electricity stably even under typhoon conditions.

And today (November 17, 2016), the Real Tech Fund announced that it will underwrite the shares to be issued by Chalenergy through a third-party allotment and will support the company's R&D, sales and marketing activities as an accredited VC under NEDO's STS.http://www.realtech.fund/archives/1358
The company plans to develop a 10kW machine with 10 times the output and conduct demonstration tests in Kitakyushu.

(*) About the Real Tech Fund
The Real Tech Fund is managed and operated by Euglena SMBC Nikko LEVANES Capital LLC, a joint venture established by Euglena Investment, SMBC Nikko Securities, and LEVANES, with a total of 23 participating companies and a fund size of 7.5 billion yen (as of November 2016), making it one of Japan's largest real tech-specific The fund size is 7.5 billion yen (as of November 2016).
http://www.realtech.fund

■About Chalenazy Inc.
Date of establishment: October 1, 2014 Representative: Atsushi Shimizu R&D-oriented manufacturing venture that aims to commercialize the world's first next-generation wind turbine generator. Developed a prototype with support from Hamano Manufacturing (Sumida-ku, Tokyo) and others, and starting this year will conduct demonstration tests in Okinawa of "typhoon power generation," which converts the enormous energy of typhoons into electricity. Headquartered in Sumida-ku, Tokyo; 3 executives and 3 employees.
http://challenergy.com/