EST-Floattech, a developer of maritime battery systems based in the Netherlands, has announced a €4M funding boost from the Energy Transition Fund Rotterdam and existing investors, including Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. This investment, with €3M contributed by the Energy Transition Fund Rotterdam, marks the fund’s first venture into maritime battery systems.
The Dutch company plans to use the additional €1M from existing investors to further develop sustainable solutions for inland vessels, ferries, yachts, and more. EST-Floattech specializes in lithium-ion battery systems for fully electric and hybrid marine applications, aiming to support the maritime industry’s shift towards zero emissions.
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Introducing the Modular Octopus Series
The newly introduced modular Octopus Series, certified by leading maritime authorities including DNV, Lloyds Register, and Bureau Veritas, offers versatile installation options for a variety of vessels. This series meets the highest standards for fire safety on ships, ensuring both efficiency and security in operation. EST-Floattech’s lithium-ion batteries boast low weight, high energy density, and are equipped with an advanced management system for secure operation.
Custom Solutions for Space-Constrained Vessels
For vessels with limited space, EST-Floattech provides customized battery containers designed to meet high energy requirements, demonstrating the company’s adaptability and commitment to addressing the unique needs of the maritime sector.
Expanding Reach and Eyeing Larger Vessels
With the new funding, EST-Floattech aims to expand its presence both nationally and internationally. The company has set its sights on achieving market leadership in Northwest Europe and establishing strategic partnerships for access to markets in Asia and Oceania. Future plans include targeting larger vessels, broadening the scope of its innovative battery solutions.
Joep Gorgels, CFO and CBDO of EST-Floattech, expressed gratitude for the investment, highlighting the significance of the support from both new and existing shareholders. This investment not only brings new capital to aid in the company’s growth but also demonstrates confidence in EST-Floattech’s innovative solutions and its contribution to making the maritime industry more sustainable.
About the Investors
- Energietransitiefonds Rotterdam: A €100M investment fund by the municipality, managed by InnovationQuarter, supports projects for Rotterdam’s energy transition and circular economy, aiming to reduce CO2 emissions and improve air quality.
- InnovationQuarter: The regional development company for South Holland, investing in and supporting the growth of innovative companies in the region.
- Rotterdam Port Fund: An independent investment initiative supported by the Port of Rotterdam Authority, investing in companies contributing to the sustainability, digitalisation, and safety of the port sector.
- Participatiefonds Duurzame Economie Noord-Holland (PDENH): Invests in startups, companies, and projects within Noord-Holland, focusing on energy transition, circular economy, and sustainable mobility.
- Ponooc: Affiliated with the Pon Group, specializes in sustainable energy and mobility investments globally.
- YARD ENERGY: A private developer and investor in wind energy, strategically investing in energy transition-focused companies and projects.
With this investment, the startup is poised to further its mission of providing zero-emission battery solutions to the maritime industry, contributing to a cleaner and more sustainable future.
