Ocean Aero is an autonomous underwater and surface vehicle (AUSV) driven by wind and solar energy.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 8, 2021 | Series C | — | 2 | Advantage Capital | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Advantage Capital | Yes | Series C |
WTRMLN Labs | — | Series C |