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BrewDog has reached its initial crowdfunding target of £7.5 million six weeks since the round was launched, and now aims to raise up to £50 million. The Scottish craft brewer intends to use the capital to fund the next steps in its sustainability plans. In its latest crowdfunding investment programme, Equity for Punks Tomorrow, BrewDog raised its first £1 million in less than 48 hours after it launched on 10 September. Scheduled to close on 28 January 2021, the company has announced its maximum potential raise of up to £50 million. The brewer intends to use the capital to fund projects including direct wind and solar power for its breweries, CO2 recovery, electric vehicle fleets for local collections and deliveries, as well as converting waste into energy. “As investors continue to join our thriving community of Equity Punks, it proves people believe in our ambition for the business, and want to be a part of our story,” said James Watt, co-founder of BrewDog. He added: “Announcing our carbon negative status earlier this month was the first step in ensuring that, as a business, we’re holding ourselves accountable for how our actions impact the environment. Our aim is for our business to grow while simultaneously reducing our emissions - our success won’t be to the detriment of the planet.” The company has secured over £73 million in previous crowdfunding rounds. Over 16,000 people so far have invested in what BrewDog has confirmed will be the final crowdfunding offer for the brewer.