French startup SeaBubbles has raised €10 million from the MAIF Avenir investment fund. The new investment comes just a few months after its last round of €3 million.
The startup is developing eco-friendly speed "bubbles" that can "fly on water", to be used in urban areas and supplement ground transportation. The idea was conceived as a form of alternative urban transport without noise or pollution. The company already has one prototype for their bubble, and the new funding will help them develop a second, faster prototype.
The company plans to demonstrate this prototype in a world tour starting in Paris, where the boats will glide across the Seine. The company will then bring its bubbles to other cities around the globe in Europe, Asia, the Middle East, and the US, through the end of 2018.
"Maif's renewed confidence in the SeaBubbles project is a strong signal that will enable us to further accelerate our development, thus providing cities and towns with an innovative, accessible and sustainable mobility ecosystem," said Alain Thébault, co -founder of SeaBubbles, as reported by Maddyness.
Read more: Maddyness (French)