European investment firm Boundary Holding has recently invested in a Netherland-based startup – RanMarine Technology. The firm specialises in the design and development of industrial autonomous surface vehicles (ASV’s) for ports, harbours, and other marine and water environments. Before the deal was finalised, the founder of Boundary Holding Rajat Khare and the founder of RanMarine Richard Hardiman met several times in Europe.
Talking about cleantech investment that Boundary Holding has made, Rajat Khare said, “Investment for a clean environment is our core focus area. I am impressed by how RanMarine has made great progress in the past years. I am enthusiastic about this new partnership of Boundary Holding and RanMarine as it is inevitable that this partnership would fetch better results.”
Founder of RanMarine Richard Hardiman, said, “Boundary Holding will extend our reach, bring us to exciting new markets, strengthen the status within the existing market, and lay the foundation for possible further expansion, all while maintaining high quality and standards.” Post investment, RanMarine is planning to utilise the funds on the R&D of upcoming products, data and customer portal, expanding the team and business development, and trade shows for market growth.
The current marine drone of the company — WasteShark is a highly advanced ASV that helps in clearing waste from the surface of water bodies. The product offers plastic waste and biomass collection along with providing real-time water quality data access, etc. WateShark also carries inbuilt data sensors — Temp, pH, Conductivity, DO.ORP, depth, and Turbidity for accurate data collection. It comes with 10 hours swim time, 5km range, 500kg debris cleaning per day capacity, and 15 years long operating life.
“Such innovations are a solution to the complex problem of how to keep our water bodies clean,” says Rajat Khare. “With an ever-growing population, increasing rate of consumption, the world needs many RanMarines, and firms like Boundary Holding are ready to invest in such cleantech and medtech startups that strive to keep the environment clean,” added Khare. The investment comes amidst one of the toughest times of the 21st century. This is the third investment that Boundary Holding has made amid the cash crunch resulted by the Covid-19 pandemic.
RanMarine currently serves clients across industries in the USA, Singapore, Malaysia, EU and UAE as well as various NGO’s such as the WWF, amongst others. Boundary Holding makes investment in AI and deep tech associated industries and has invested in some of the leading startups across Europe. French-based Internest, Cerbair, and Germany-based Konux are some of the recent investments made by the firm.