OCEANOVATION

French startup VELA - Sail For Goods has raised €40 million ($43 million) to fund the construction of the world’s largest sailing cargo trimaran, a sustainable vessel designed to transport goods like pharmaceuticals, healthcare equipment, and cosmetics across the Atlantic. Led by Crédit Mutuel Impact, 11th Hour Racing, and BPI (French Public Investment Bank), this funding enables VELA to partner with Austal for construction and leverage the expertise of MerConcept for its sailing systems. The first trimaran is set to operate between France’s Atlantic coast and the U.S. East Coast, with operations expected to start in late 2026. By 2028, VELA aims to expand its fleet with four additional vessels, ultimately offering weekly departures to meet the growing demand for eco-friendly cargo shipping across the Atlantic. Read the full article: https://lnkd.in/d6tvQ9X9 #SustainableShipping #GreenTransport #SailCargo #MaritimeInnovation #VELA

Carbon Ridge, a top developer in onboard carbon capture technology, has secured $9.5 million in a new funding round, raising its total funding to $15.5 million. This investment will accelerate the commercialization of its innovative carbon capture solutions designed specifically for maritime use. Led by Crosscut Ventures and Western Technology Investment, the round saw support from notable investors, including the The Grantham Foundation for the Protection of the Environment, Berge Bulk, Rusheen Capital Management, LLC , and Plug and Play Ventures. Carbon Ridge's technology is engineered for seamless integration into existing vessel exhaust systems, offering a compact solution to significantly reduce onboard emissions. Read more: https://lnkd.in/dXUBQadK #MaritimeSustainability #CleanEnergy #ShippingInnovation #NetZero #OceanTech

🚀 Time for Your Weekly Ocean Innovation Roundup!💡 Let's dive in 🔍 🌊 Carbon Ridge has raised $9.5 million to advance its onboard carbon capture technology, bringing its total funding to $15.5 million. https://lnkd.in/dXUBQadK 🌊 The Blue Revolution Fund (BRF), established by Hatch Blue and advised by The Nature Conservancy, has raised €93 million to invest in early-stage aquaculture ventures aimed at improving ocean health and supporting coastal communities. https://lnkd.in/dXrDQ5uH 🌊 The UK has invested £8 million in three innovative programs aimed at reducing shipping emissions. https://lnkd.in/eEgshtYe 🌊 Clean Sea Solutions is tackling ocean waste with innovative technology, including the Aquapod floating dock and the self-driving Aquadrone, both designed to collect waste from the water's surface. https://lnkd.in/duasmrCj 🌊 Open Ocean Robotics has secured $2.8 million in funding to advance its ocean monitoring technology and expand into Southeast Asia. https://lnkd.in/d6VEDmxG 🌊 Dubai is emerging as a leader in marine conservation and sustainable yachting, balancing growth with environmental responsibility. https://lnkd.in/d7eawken 🌊 Planetary Technologies has raised $11.35 million in Series A funding to advance its carbon removal efforts, with Evok Innovations leading the round. https://lnkd.in/eTFXxjgW  🌊 The UK’s National Oceanography Centre (NOC) has received nearly $54 million in funding from the NERC: Natural Environment Research Council to advance marine and climate research. https://lnkd.in/d7qP84F3 🌊 The UK’s first trial of the FastRig, a rigid sail designed to cut ship emissions, is underway on a nuclear transport vessel in the Irish Sea. https://lnkd.in/dx_3xP_M 🌊 Electric boats are revolutionizing the marine industry with eco-friendly designs and cutting-edge technology, driving the market from $5 billion in 2021 to an expected $16.6 billion by 2031. https://lnkd.in/dxUuBTnG 🌊 WaveX has secured $2.4 million in government funding from the Australian Government to advance its innovative anchors for offshore wind and wave energy. https://lnkd.in/dFYA2HrG 👉 Don't want to miss out on the latest Ocean Innovation News? Sign up for our weekly newsletter and we'll take care of the rest. https://lnkd.in/dp8CxUpa Have a Great Weekend! The OCEANOVATION Team 🌊 #OCEANOVATION #WeeklyRoundup #OceanInnovation

🌊 The Blue Revolution Fund (BRF), established by Hatch Blue and advised by The Nature Conservancy, has raised €93 million to invest in early-stage aquaculture ventures aimed at improving ocean health and supporting coastal communities. The fund's investments include companies like CageEye (improving aquaculture feeding processes), ChucaoTech (nanobubble oxygenation technology), DeNova (single-cell protein production), New School Foods (plant-based seafood alternatives), Peptobiotics (biotech solutions for shrimp health), and Wholechain (supply chain traceability). 🚀 BRF is targeting investments into next-generation fish farms, regenerative seaweed and bivalve farming, nutrition, enabling technology, health and genetics, and alternative seafood. Read more: https://lnkd.in/dXrDQ5uH #BlueRevolutionFund #AquacultureInnovation #SustainableSeafood #ClimateAction #AquacultureTech #ImpactInvestment #MarineConservation #OceanSustainability

Female-led sallea has raised $2.6 million in a pre-seed funding round, led by Founderful and with support from Kost Capital, to scale its production of cruelty-free whole cut fish and meat products. This marks the company's first equity investment, complementing $1.8 million previously secured through research and startup grants. Sallea's innovative edible scaffolds are designed to help cultivated food manufacturers produce premium cuts like steaks and filets without the need for animal farming, pushing the boundaries of cellular agriculture. Read more: https://lnkd.in/ePcYp6gk #FoodTech #SustainableProtein #FemaleFounders #CellularAgriculture #AlternativeProtein #Innovation #FutureOfFood #CleanTech

🚀 Time for Your Weekly Ocean Innovation Roundup!💡 Let's dive in 🔍 🌊 Female-led sallea raised $2.6 million to produce cruelty-free whole cut fish and meat products. https://lnkd.in/ePcYp6gk 🌊 Global Fishing Watch's Vessel Viewer, a finalist for the Responsible Fisheries Innovation Award, uses satellite and AIS technology to combat illegal, unreported, and unregulated (IUU) fishing. https://lnkd.in/dQW8n_NE 🌊 Stockholm University, Lhyfe, and Flexens Oy Ab are collaborating on the #BOxHy project to reoxygenate the ocean by producing hydrogen offshore and reinjecting oxygen. https://lnkd.in/dd4nFYVS 🌊 Applications are open for Hatch Blue’s fourth Women in Ocean Food (WIOF) innovation studio, sponsored by Builders Initiative, Schmidt Marine Technology Partners, Aquaculture Stewardship Council (ASC), Alumbra Innovations Foundation, Beyster Foundation, and Conservation International Ventures LLC. https://lnkd.in/ejA9np9q 🌊 Woods Hole Oceanographic Institution (WHOI) researchers have created a marine mammal detection system for large commercial vessels. https://lnkd.in/dMAsyBAp 🌊 CorPower Ocean has raised €32 million in Series B1 funding to accelerate the commercialization of its wave energy technology, bringing its total funding to €95 million. https://lnkd.in/eaVQtDkC 🌊 Portugal is emerging as an ideal location for wave energy developers due to its favorable conditions for advancing technologies towards commercialization. https://lnkd.in/dyf4wjjz 🌊 Marine Biologics, a France-based macroalgae biotech company, has secured funding to develop novel ingredients from newly commercialized Alaskan kelp species. https://lnkd.in/dSATpgG4 🌊 Fidelity International has launched its Blue Transition Bond Fund, targeting investments in global bonds that support ocean and freshwater sustainability. https://lnkd.in/drKhUvnV 🌊 Germany has introduced its National Action Plan for Climate-Friendly Shipping, aiming to accelerate investments in maritime energy transition. https://lnkd.in/dYmDFB3m 🌊 Flinders University researchers have published studies on harnessing ocean wave power, developing biofuels from marine microalgae, and improving catalytic conversion in engines. https://lnkd.in/dMAXak3m 👉 Don't want to miss out on the latest Ocean Innovation News? Sign up for our weekly newsletter and we'll take care of the rest. https://lnkd.in/dp8CxUpa Have a Great Weekend! The OCEANOVATION Team 🌊 #OCEANOVATION #WeeklyRoundup #OceanInnovation

🌊 CorPower Ocean has secured €32 million in Series B1 funding to advance the commercialization of its wave energy technology. The Stockholm-based company, which has raised a total of €95 million to date, announced the investment at EIT InnoEnergy’s Business Booster event in Barcelona. 🚀 This round was led by NordicNinja VC, SEB Greentech, and InnoEnergy, alongside Santander Asset Management, Iberis Capital, Cisco Investments, and existing shareholders. The funding will drive CorPower Ocean’s mission to bring wave energy to the mainstream following successful tests of its device, which has withstood major Atlantic storms while generating power efficiently in typical ocean conditions. Read more: https://lnkd.in/eaVQtDkC #WaveEnergy #RenewableEnergy #CleanTech #OceanInnovation

🌊 Reoxygenating the Baltic Sea has become a key focus in ocean conservation, and European scientists are collaborating with two innovative startups to address the pressing issue of ocean deoxygenation. 🌍 Researchers from Stockholm University, along with French startup Lhyfe and Finnish startup Flexens Oy Ab, are working on the #BOxHyproject, which aims to reoxygenate the sea by producing hydrogen offshore and reinjecting oxygen into the ocean's depths. 🛑 The initiative, supported by the UN's sustainable ocean development program, could provide critical solutions to save marine life in the Baltic Sea, which is suffering from oxygen depletion. Read more: https://lnkd.in/dd4nFYVS #OceanInnovation #SustainableSeas #HydrogenEnergy #MarineConservation #BlueEconomy #BalticSea #COPSummit #CleanEnergy

🌊 Braid Theory has announced the selection of twelve startups for the 2024 Fall cohort of the LA Blue Accelerator. Over 12 weeks, these startups will tackle key industry challenges while benefiting from mentorship, investor connections, and networking opportunities designed to fast-track their growth.💡 🚀 Introducing the Fall 2024 cohort: Bakman Technologies Deep Anchor Solutions ECOByRy Infinfty KFOBIX Legal-Pythia OmBiome Primitives Biodesign Scape Seatopia SiteTrax.io Wavestock Read more: https://lnkd.in/gkZMFXCu #BlueEconomy #Innovation #Startups #SustainableGrowth #LAAccelerator #OceanTech #Mentorship #FutureTech

🚀 Time for Your Weekly Ocean Innovation Roundup!💡 Let's dive in 🔍 🌊 Twynam has invested in Vycarb, a Brooklyn-based climate tech startup, through its Earth Fund, marking the fund's fifth early-stage capital support for environmental initiatives. https://lnkd.in/d3M-GFc6 🌊 The University of Edinburgh startup E.V.A Biosystems has created a groundbreaking plastic that can sense when it's in the ocean and self-destruct without producing harmful microplastics. https://lnkd.in/geVFd578 🌊 The University of Michigan is leading a groundbreaking project supported by a $3.6 million grant from the National Science Foundation (NSF). https://lnkd.in/dPxcV6EZ 🌊 Braid Theory has announced the selection of twelve startups for the 2024 Fall cohort of the LA Blue Accelerator.  https://lnkd.in/gkZMFXCu 🌊 Denver-based TCarta Marine has developed a satellite-based solution to prevent ship groundings in shallow, poorly charted coastal waters. https://lnkd.in/d5jGbsQ8 🌊 Female entrepreneurs in ocean tech are leveraging the power of seaweed to drive innovation and address global challenges. https://lnkd.in/d7FsSU-s 🌊 Barcelona is set to strengthen its blue economy with the launch of three cutting-edge coastal facilities, aimed at advancing maritime research, training, and innovation. https://lnkd.in/dZ-Kwfss 🌊 Katapult Ocean announces its 2024 cohort of 11 cutting-edge ocean startups, selected from over 2,000 submissions from 60 countries across six continents. https://lnkd.in/dmj2pJhR 🌊 The European Union has approved over $21 million for the WEDUSEA project, which will test the world’s largest 1-megawatt wave energy converter, aiming to scale up wave energy technology. https://lnkd.in/dmqc_7ks 🌊 The Sustainable Aquaculture Innovation Centre (SAIC) has announced £1.6 million in funding for three new projects focused on improving finfish health and welfare. https://lnkd.in/dRGgG9qD 🌊 The Blue Finance program is channeling an initial $2.4 million from a new $35 million impact loan facility into regenerating coral reefs across 115 Marine Protected Areas (MPAs) in Indonesia, the Philippines, Tanzania, and Cabo Verde. https://lnkd.in/ePP-kGk3 🌊 The Irish Government has committed €25 million to protect marine biodiversity as part of efforts to safeguard 30% of its marine areas by 2030. https://lnkd.in/dGxeySRF 👉 Don't want to miss out on the latest Ocean Innovation News? Sign up for our weekly newsletter and we'll take care of the rest. https://lnkd.in/dp8CxUpa Have a Great Weekend! The OCEANOVATION Team 🌊 #OCEANOVATION #WeeklyRoundup #OceanInnovation