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- Ocean Robotics, Onboard Carbon Capture, and a Sailing Catamaran
Ocean Robotics, Onboard Carbon Capture, and a Sailing Catamaran
Plus the Uk’s First Rigid Sail Cargo Ship, OSW Training at UMass, and Textiles From Fishing Nets
Will Lutz
October 28, 2024
Happy Halloween Ocean Friends!
I used up all my bad Halloween puns on my kid’s PTA - so you will be spared that spooky dad-joke-heavy experience.
I just discovered the Long Wharf Supply Co. Cool clothing brand that turns oyster shell waste into clothing. So I’ll be short this week while I go update my Christmas List.
Don’t forget to register for NOWRDC’s R&D Symposium. It’s one of my favorite events of the year. I’ll be the first to admit I can get a little tired of conferences, but this one is worth the time and energy. I’ll see you there.
-Will
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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.
🤖 Open Ocean Robotics (OOR), raised $2M from Antares Ventures with Spring Impact Capital, Katapult Ocean, Alacrity Canada, and DTN Ventures LLC. | More from Tech in Asia
🌊 Ocean-based climate solutions company Planetary Technologies raised $11.35M In Series A led by Evok Innovations with BDC Capital, Amplify Capital, DNX Ventures, and Iconiq Capital. | More from Carbon Harold
🛳️ Carbon Ridge modular onboard carbon capture company raised $9.5M led by Crosscut Ventures and Western Technology Investment (WTI), with The Grantham Foundation, Berge Bulk, Rusheen Capital Management, Plug and Play Ventures, Katapult Ocean, Incite, Spitzer Industries and Canopy Generations Fund. | More from Pulse 2.0
⛵️ Sailing cargo trimaran firm VELA raised $43M led by Crédit Mutuel Impact, 11th Hour Racing, and BPI - French Public Investment Bank. | More from Maritime Executive
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🐡 Blue Revolution Fund Exceeds Target, Raises €93M for Sustainable Aquaculture Projects | The Blue Revolution Fund (BRF), a sustainability-centered aquaculture investment initiative has closed with €93 million in commitments, exceeding its initial €75 million target | More from Undercurrent News
🐳 Return to Vendor Wants Textile Circularity at Scale Now, Not Later | The New York startup has figured out how to make nylon-6 from castoff fishing nets and carpet mimic a host of materials, creating everything from shirting to jacket insulation to zippers. | More from Sourcing Journal
🚤 Reach Subsea Secures $15M EU Funding for Unmanned Offshore Vessels | Norwegian offshore services player Reach Subsea has secured backing from the EU Innovation Fund to scale up the development of its remote unmanned surface vessels. The so-called Reach Remote project, which focuses on Norway’s pioneering fleet of uncrewed 24-m USVs, featuring hull-mounted survey sensors and a work-class electric remotely operated vehicle (ROV), has been granted … | More from Splash 247
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
💧 Smart Green Shipping Raises £1M From Drax to Develop Wind-Assisted Recyclable Wingsail Tech | Renewable energy leader Drax Group and Smart Green Shipping have entered into a partnership on a project to … | More from Tech Funding News
☢️ Nuclear Transport Ship to Test UK’s First Rigid Sail | In a unique collaboration, a ship designed to transport spent nuclear fuel operating for the UK government will also become the first to trial a new wind-assisted propulsion technology. | More from Maritime Executive
🧑🏫 UMass Amherst Receives $147k to Train Cohort of Offshore Wind Professionals | The Healey-Driscoll Administration and the Massachusetts Clean Energy Center (MassCEC) recently announced that a team led by UMass Clean Energy Extension director and professor Dwayne Breger at the University of Massachusetts Amherst has been selected to receive $147,555 in grant funding to support the education of 13 scholars from diverse backgrounds at the UMass Clean Energy Extension’s (CEE) Offshore Wind Professional Certificate Program. | More from Maritime Executive