Smart Green Shipping

Smart Green Shipping develops and deploys FastRig, a lightweight, retractable wing sail technology designed to reduce fuel consumption and emissions in the shipping industry. The technology is currently undergoing sea trials and aims to decarbonize the shipping sector by offering a cost-effective and easily retrofittable solution for reducing reliance on fossil fuels. Their FastRoute system further optimizes sailing routes using AI and weather data for maximum efficiency.

Funding Round:

Funding Amount: £2M

Date: 22-Oct-2024

Investors: Drax Group, UK Government's Clean Maritime Demonstration Competition (CMDC)

Markets: Shipping, Renewable Energy, Maritime Technology, Business/Productivity Software, Marine

HQ: Devizes, Wiltshire, United Kingdom

Founded: 2014

Website: https://www.smartgreenshipping.com/

LinkedIn: https://www.linkedin.com/company/smart-green-shipping-alliance

Twitter: https://twitter.com/smartgreenship

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