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Neptune Raises $17.25M To Clean Ship Hulls With Robots

Neptune Raises $17.25M To Clean Ship Hulls With Robots

04/20/22, 1:15 PM
Money raised
$17.3 million
Industry
software
Here’s a wild fact I’d never heard: Biofouling on ship hulls increases fuel consumption around 15% on average. The term specifically refers to a build-up of microorganisms and other life. That includes a wide range of different creatures, like algae and barnacles. It’s one of those problems a landlubber such as myself very seldomly encounters.

Company Info

Company
Neptune Robotics
Additional Info
The company has already deployed its technology to a number of ports in its native Hong Kong, as well as spots in China, including Guangzhou, Yantian and Shekou. Image Credits: Neptune RoboticsToday the company announced $17.25 million in funding as it rolls out its technology to additional ports in the global top 10. The company is monetizing the system via an RaaS (robotics-as-a-service) model.