Armada Technologies
Uses ship’s forward motion to create an air-water mixture for Next-Gen Hull Air Lubrication System.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $3.2m | Seed | |
| Total Funding | 000k | ||
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Armada Technologies operates in the maritime transport sector, focusing on reducing carbon emissions through innovative air lubrication systems. The company addresses the significant environmental impact of global shipping, which accounts for over 90% of trade volume and produces substantial CO2 emissions. Armada's technology aims to meet the International Maritime Organization's mandates for reducing shipping carbon intensity by 40% by 2030 and 70% by 2050. By offering energy-efficient solutions, Armada targets ship owners and charterers under societal pressure to lower emissions. The business model likely involves selling or licensing their technology to shipping companies, generating revenue through product sales and possibly service agreements. Armada's recent expansion, including a new office in London's Battersea Power Station, indicates a strategic move to enhance its market presence and operational capabilities. Keywords: maritime, carbon emissions, air lubrication, energy efficiency, shipping, CO2 reduction, IMO compliance, global trade, environmental impact, London office.