We4Sea Receives €400,000 Investment to Support Ship Efficiency

by Ship & Bunker News Team
Monday April 10, 2017

Netherlands-based We4Sea BV (We4Sea) has announced that Mainport Innovation Fund II, an initiative of KLM Royal Dutch Airlines (KLM), Royal Schiphol Group (Schiphol Group), Delft University of Technology, the Port of Amsterdam, and NS Dutch Railways, has invested €400,000 ($423,660) in We4Sea.

"This investment contributes to the strategic goal of the Port of Amsterdam to create a smart and sustainable port," said Michiel de Brauw, CFO at the Port of Amsterdam.

"We4Sea offers the maritime industry an important innovation for sustainable shipping and reduction of CO2 emissions."

As Ship & Bunker has previously reported, We4Sea is a maritime technology start-up that works to enhance the fuel efficiency of seagoing vessels through its Big Data Fuel Monitoring platform.

"We offer the ship-owner tools to cut his fuel bill substantially. This will not only have a direct impact on their financial results, but it will also improve the sustainability of their operations and lead to a reduction of CO2," said Michiel Katgert, CTO of We4Sea, upon the announcement of the company's new funding.

Dan Veen, CEO of We4Sea, also commenting on the new funding, "we are very happy to close this deal with MIF II. With their knowledge, network and business experience, we will be able to accelerate our development and grow faster than before. It supports our mission to save 1 million tonnes of CO2 in the next 3 years."

Ship & Bunker News Team
To contact the editor responsible for this story email us at editor@shipandbunker.com