ORCAUBOAT secures Series B funding for autonomous vessels
The Chinese maritime robotics company will expand navigation technology, market access and its engineering team.
ORCAUBOAT announced a Series B financing in the hundred-million-yuan range on 17 January 2024. Participants included the AEF Greater Bay Area Fund, managed by Gobi Partners GBA, alongside Skyview Fund and Xi’an Caijin.
The financing will support autonomous vessel research, domestic and international sales channels, and recruitment. ORCAUBOAT develops navigation systems and unmanned craft for waterway maintenance, as well as intelligent leisure boats.
Use of funds
Autonomous vessel research and development
Domestic and overseas market expansion
Technical recruitment