Ocean Aero

company

About

Ocean Aero is an autonomous underwater and surface vehicle (AUSV) driven by wind and solar energy.

  • 11 - 50

Details

Last Funding Type
Series C
Industries
Marine Technology,Nanotechnology,Robotics,Solar
Founded date
Oct 15, 2012
Number Of Employee
11 - 50
Operating Status
Active

Ocean Aero is an autonomous underwater and surface vehicle (AUSV) driven by wind and solar energy. It is a development-level company with a highly experienced management team that focused 2004-2011 on developing large, hybrid wind and electric-powered Unmanned Surface Vessel (USV) platforms for the U.S. Navy. That effort produced three patents and a wealth of engineering and market knowledge.

Ocean Aero represents the next generation – the creation of highly persistent, energy-scavenging wind/electric vessels packaged in a smaller, man-portable configuration. The company has designed a “game-changing” highly ruggedized surface/sub-surface vessel, powered by wind and solar energy, capable of months at sea that can be deployed from land, sea, or air. They have named it the “Submarin” – a new class of Unmanned Underwater, Surface Vessel (UUSV). Management plans to follow an aggressive IP technology strategy and, over time, introduce a number of variations of the base platform. The company’s Base Case projections show revenues growing from $420,000 in 2013 to over $20 million in 2016 with a blended gross margin of 52% and cash flow exceeding 33%. The company is seeking funding from a partner with industry knowledge that can help it develop go-to-market channels.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
Ocean Aero has raised a total of — in funding over 2 rounds. Their latest funding was raised on Sep 8, 2021 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 8, 2021 Series C 2 Advantage Capital Detail

Investors

Number of Lead Investors
Number of Investors
1
2
Ocean Aero is funded by 2 investors. Advantage Capital and WTRMLN Labs are the most recent investors.
Investor Name Lead Investor Funding Round
Advantage Capital Yes Series C
WTRMLN Labs Series C