Roboat raised €550K in a seed funding round led by LUMO Labs and SHIFT Invest to automate waterways for safer and sustainable transport

Jul 04, 2024•over 1 year ago

Amount Raised

€550,000

Round Type

seed

AmsterdamLogisticsTransportation

Investors

Shift InvestLumo Labs

Description

The Netherlands-based VC firms LUMO Labs and SHIFT Invest have invested €550K in Roboat, a spin-out from MIT and the Amsterdam Institute for Advanced Metropolitan Solutions (AMS). Roboat aims to enhance urban liveability by automating waterways, contributing to safe, efficient, and sustainable transport.

Company Information

Company

Roboat

Location

Amsterdam, North Holland, Netherlands

About

Roboat offers autonomy. We offer a complete mobility solution with our ferry or supply autonomy as an add-on for new-build and existing vessels. Our autonomous ferry solution is fully electric and 3D printed. It is the perfect solution to help reduce emissions and congestion in cities. Our systems can turn inland vessels into autonomous boats, assists onboard crew with navigation and perception, offer remote monitoring capabilities, and playback detailed data as a black-box.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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