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- BlueX | 2-12-24 | Electric Vessels and Autonomous Pilots
BlueX | 2-12-24 | Electric Vessels and Autonomous Pilots
Plus Yachting Ventures rocks all of BlueX's funding news this week.
Will Lutz
February 12, 2024
Happy Valentine’s Day this week! Do you have a salty sweetheart this year? Are you listening to Reel love, I’m searching for the reel love by Mary J. Bilge? I hope you have a fun and safe week.
We’ve got some great news in BlueTech this week!
If you like this free newsletter and what I’m doing with it, do me a favor and refer it to a friend OR share it on social media.
About this Newsletter: BlueX is a weekly newsletter that scours the internet for venture and startup news as well as jobs related to OceanTech.
OceanTech Fundings
The main event. Startup investment announcements in OceanTech.
All of the announcements this week are from Yachting Ventures, an awesome organization you should definitely check out. If you can make it, get to the pitch event in Miami they’re co-hosting with Seaworthy Collective on the 16th.
🚤 Electric vessel startup Pyxis raised $3.35MM in seed funding led by Motion Ventures and Shift4Good with Seeds Capital and MarImpact. | More from Yachting Ventures
⚡️ Marine electric product firm RAD Propulsion raised £1MM | More from Yachting Ventures
🤖 Autonomous piloting system company Sea Machines Robotics raised $12MM led by Emerald Technology Ventures with Nabtesco Technology Ventures (NTV), Chevron Technology Ventures, Ingram Industries, RKKVC, Level 2 Ventures, and IMC Ventures. | More from Yachting Ventures
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🏊♀️ Hydrogen-Powered Inland Cargo Barge Ready to Sail on the Rhine | The retrofit has been completed and a new hydrogen-powered cargo barge is now ready to begin operations on the Rhine sailing between Rotterdam in the Netherlands and Duisburg in Germany. | More from Maritime Executive
🐳 Blazing a Trail for Blue Carbon | Running Tide, a startup which was originally established to grow and sink seaweed to the ocean floor, has recently pivoted to focus on sinking waste wood in a bid to capture carbon and counter ocean acidification . . .| More from The Fish Site
🌊 Voyager Ventures Closes Select Fund I to Invest in the Next Generation of Climate Tech | The VC firm doubles its $100M inaugural fund to invest in technology startups propelling global decarbonization | More from PR Newswire
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
⚓️ Minesto Receives Funding for Next-Generation Mooring System | The Swedish Energy Agency has awarded Minesto with 2.8M SEK (approximately $267,000) to support . . . | More from Offshore Energy
💨 India Invites Bids for Four Gigawatts of Offshore Wind Capacity | India has opened the first round of auctions for its planned development of four gigawatts of offshore wind capacity. | More from Maritime Executive
💧 Austin Water Recycling Startup Plans to Invest $75M Into New Mexico Infrastructure | An Austin-based startup plans to double down on its water infrastructure investment in New Mexico this year, with plans to hire more people and build additional water recycling facilities. | More from Biz Journals
OceanTech Jobs
There are a ton of career opportunities in this broad ecosystem. Are these right for you?
⛵️ Wind propulsion company Econowind is looking for a Product Engineer.
⛽️ Green fuels company ET-Fuels is looking for a Power Systems Engineer.
🥽 Biomaterial to compostable plastics alternative company Traceless Materials is looking for a Finance Manager.