Iws Fleet As announced that it will receive ?60 million in an equity round of funding on May 27, 2024. The transaction will include participation from new investor, Sumitomo Corporation for 25.38% stake. The round is raised at a pre money valuation of ?176 million.

The transaction is expected to be closed in June, 2024. As part of the transaction, the investor will be represented at the company board of directors. The investor has entered into purchase agreement with the parent company, Integrated Wind Solutions ASA.