Funding

Roboat funding news – Amsterdam-based Roboat Secures €550k in Funding

Jul 4, 2024 | By Startup Rise EU

Roboat, a spin-out from the Massachusetts Institute of Technology (MIT) and the Amsterdam Institute for Advanced Metropolitan Solutions (AMS), contributing to safe, efficient, and sustainable transport and improved urban liveability, by automating waterways, secures €550k in funding from LUMO Labs and SHIFT Invest.

Roboat, a spin-out from the Massachusetts Institute of Technology (MIT) and the Amsterdam Institute for Advanced Metropolitan Solutions (AMS), contributing to safe, efficient, and sustainable transport and improved urban liveability, by automating waterways, secures €550k in funding from LUMO Labs and SHIFT Invest.

SUMMARY

  • Established in 2023, Roboat's artificial intelligence (AI) technology is designed to perform exceptionally well in intricate urban and inland waterways, where high traffic volumes are typical.
  • The Roboat system is already being used by GVB in Amsterdam to provide situational awareness on the GVB IJveer, giving the GVB Skippers an additional pair of eyes.

Ynse Hendrik Deinema, Roboat CEO & Co-founder, stated: “We are collaborating with multiple clients in the Netherlands and the rest of Europe where our system is either supporting the skipper on the bridgedeck or is even taking full control of the navigation depending on local regulation.”

It is already being used by GVB in Amsterdam to provide situational awareness on the GVB IJveer, giving the GVB Skippers an additional pair of eyes.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Edinburgh-based PhaSER Biomedical Secures $2.3Million in Funding
Startup Rise EU
Feb 20, 2024
recomd
Funding
[Funding alert] London-based Trudenty Raises $500K in a Pre-Seed Round Funding
Startup Rise EU
Jan 16, 2024
recomd
Funding
[Funding alert] Adaptive ML Secures over €18.3 Million in Seed Funding
Startup Rise EU
Mar 11, 2024

Read also - Dassault Systèmes partnership news – Paris-based Dassault Systèmes Announce long-term partnership with Bel Group

Andy Lürling, Founding Partner LUMO Labs, said: “Cities worldwide are struggling with transporting people and goods over their congested roads. Waterborne transportation is a good alternative to cars and trucks, but shortage of personnel and relatively high OpEx is currently posing a bottleneck. Roboat’s technology offers a solution based on autonomous navigation. This market is expected to grow tremendously, since we need to rethink our transportation systems, making it more versatile and more sustainable.”

Quint van Honk, SHIFT Invest, added: “We are impressed by what Roboat has accomplished so far. In addition, Roboat’s autonomous shipping technology stimulates sustainable waterborne transport by addressing key issues in the sector and enables more fuel-efficient sailing. Therefore, we are proud to be on board.”

Following earlier funding from Delft Enterprises comes this investment from LUMO Labs and SHIFT Invest. To help daily operations, shipping companies might equip their fleet with a Roboat system. It is able to build autonomous spacecraft that can see, navigate, and carry out tasks thanks to cutting-edge technology.

Numerous functions are available, including autonomous sailing, automatic docking and mooring, obstacle identification and avoidance, situational awareness, and decision support. These services are available by subscription, and the operator can readily modify them to meet their needs.

About Roboat

Established in 2023, Roboat's artificial intelligence (AI) technology is designed to perform exceptionally well in intricate urban and inland waterways, where high traffic volumes are typical.

The Roboat autonomous system can be implemented in both new and existing commercial vessels for a range of uses, such as rubbish collection, building material delivery, passenger transport, and products pick-up and delivery. This greatly lowers the carbon footprint of city logistics.

Recommended Stories for You

story
Funding

[Funding alert] Cologne-based Sunhat Secures €5 Million Extends Seed Funding

Startup Rise EU Feb 27, 2024

story
Funding

Sondrel funding news – Reading-based Sondrel Secures £5.6 Million in Funding

Startup Rise EU Jun 14, 2024

story
Funding

Native Teams funding news – London-based Native Teams Secures €6.2 Million in Funding

Startup Rise EU May 16, 2024

story
Funding

[Funding alert] Vilnius-based Employee Welfare Platform MELP Secures €635k in Funding

Startup Rise EU Jan 3, 2024

story
Funding

[Funding alert] Switzerland-based Validation Cloud Secures $5.8Million in Inaugural Funding

Startup Rise EU Mar 1, 2024

story
France

[Funding alert] Paris, London, and Milan-based Sofinnova Partners Secures Digital Medicine Fund at $200M

Startup Rise EU Oct 27, 2023