Ocean Aero
Company

Last deal

$4M

Amount

Series D

Stage

30.09.2022

Date

5

all rounds

$4M

Total amount

General

About Company
Ocean Aero develops wind and solar-powered autonomous underwater and surface vehicles for extended ocean observation.

Industry

Sector :

Subsector :

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founded date

15.10.2012

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

The company has a highly experienced management team that has developed large hybrid wind and electric-powered unmanned surface vessel platforms for the US Navy, resulting in three patents and a wealth of engineering and market knowledge. Ocean Aero's current focus is on creating a smaller, man-portable configuration of highly persistent, energy-scavenging wind/electric vessels called the "Submarin," which is capable of months at sea and can be deployed from land, sea, or air. The company plans to introduce a number of variations of the base platform and grow revenues from $420,000 in 2013 to over $20 million in 2016, with a blended gross margin of 52% and cash flow exceeding 33%. They are seeking funding from a partner with industry knowledge to help develop go-to-market channels.
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