News secures € 3 million investment to scale operational capabilities

7 May 2024 | Accelerator and Buccaneers

Buccaneer has secured their first external capital, an investment of €3 million. This funding comes from the Rotterdam Energy Transition Fund and a reputable private investor deeply embedded in the Rotterdam tech scene. The investment will support in expanding its operational capabilities in response to rising market demand for its zero-emission solutions. is a developer of hydrogen fuel cell systems, their products contain all the hard- and software required to turn hydrogen gas into usable electricity at high efficiency. These products are specifically designed for heavy-duty applications and enable manufacturers of trucks or machines and shipyards to transition towards zero-emission technology. Depending on the application they end up in, each zepp system prevents between 110 and 330 tons of CO2 annually.

Recent examples of applications with zepp’s technology are the Ab Initio inland barge by Concordia DAMEN as well as several Liebherr excavators. Upcoming deliveries include two fuel cell powered hydrogen-electric 44t on-road trucks (Europa), as well as a mobile power genset to be used at Amsterdam’s Schiphol Airport.

First investment

This investment is the first external capital injection for, which has grown into a multi-million company on a self-sustaining basis since its foundation in 2017. This expansion is a strategic move to meet the rising market demand for systems as the European hydrogen sector is moving towards implementation on a larger scale.

“Receiving this first investment is a major milestone for our team” said Jonas Brendelberger, co-founder of “It’s a strong signal of trust in what we are building here and a perfect fit, bringing on board partners who will further strengthen our roots in the Rotterdam and Delft tech sector.”