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Neptune Raises $17.25M To Clean Ship Hulls With Robots

Apr 20, 2022•about 3 years ago

Amount Raised

$17.3 Million

Software

Description

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 Information

Company

Neptune Robotics

About

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.

Funding Insights

Based on industry data
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