What is Vow?
Founded in 2011 and headquartered in Lysaker, Norway, Vow has established itself as a critical partner for the cruise industry, providing sophisticated water purification technology and waste management systems. By addressing the stringent environmental regulations governing international waters, the company enables cruise operators to minimize their ecological footprint while maintaining operational efficiency. Vow's proprietary systems are engineered to handle complex waste streams, transforming potential pollutants into clean energy or purified water, thereby aligning with the global shift toward sustainable maritime logistics and circular economy principles.
How much funding has Vow raised?
Vow has raised a total of $98.7M across 2 funding rounds:
Debt
$38.7M
Debt
$60M
Debt (2021): $38.7M with participation from DNB
Debt (2023): $60M led by DNB
Key Investors in Vow
DNB
DNB is a leading financial institution based in Oslo, Norway, providing a comprehensive suite of banking, advisory, and corporate financing services to support large-scale industrial growth.
What's next for Vow?
The recent strategic investment serves as a catalyst for Vow to scale its enterprise-level infrastructure and expand its market reach. As the maritime sector faces increasing pressure to adopt greener technologies, Vow is poised to leverage this capital to enhance its R&D pipeline and optimize its supply chain. The company's focus remains on deepening its integration within the cruise industry while exploring potential applications for its purification technology in other industrial sectors. By maintaining a robust balance sheet, Vow is prepared to navigate the complexities of the global maritime market, ensuring long-term value creation for its stakeholders and partners.
See full Vow company page
