Decarbonising the maritime industry is the need of the hour. Shipping emission account approximately for 1 gigaton of CO2 per year and is expected to contribute to up to 17% of global GHG emissions by 2050 if it is not tackled quickly.
And yet, most operations are followed up and managed on spreadsheets. Stricter monitoring and reporting will be quickly needed to comply with new international regulations such as IMO DCS or EU MRV and to stay on a pathway consistent with the Paris Agreement and the COP26 adopted in 2018.
Stepping up to offer solutions to decarbonize the maritime industry, French AI-based maritime platform Spinergie has raised €11 million in funding.
The Series A round was led by Iris Capital and SWEN Capital Partners’ Blue Ocean fund alongside key investors and angel investors, including Polytechnique Ventures, Sanne Manders, COO of Flexport, Jean-Gabriel Levon, co-founder of Ynsect, and Antoine de Chassy, founder of Loft Orbital.
The Series A will speed up its R&D programme, the recruitment of new team members, and drive the opening of its new offices in Asia, South America and the Middle East.
Founded by Jean Cristofari and Louis Jozon, the maritime technology company focuses on emission reduction, vessel performance and operation optimisation. The company’s solution offers real-time operations tracking and benchmarking in the market.
Maritime Market Intelligence, Spinergie’s first solution, allows vessel managers and charterers to search and select a vessel anywhere in the world according to vessel specs, availability, and past performances. It analyses vessel environmental and operational performances, allowing commercial and operational teams to have more visibility on their competitors and suppliers across the globe.
Jean Cristofari, Spinergie CEO and co-founder said: “Maritime carbon emissions continue to rise and new regulations will revolutionise the way industry leaders plan their operations.”
Julien-David Nitlech, managing partner at Iris Capital added: “Spinergie built a unique platform that helps fleet, through AI, improve their environmental footprint while complying with new international regulations, as they go through a digitalization process that will modify their way of working globally. At Iris, we look for strong tech platforms capable of transforming their industry in an impactful way.”
Mélanie Le Guen, principal at Blue Ocean added: “We want to help the maritime industry improve its operations, especially to reduce GHG emissions. If the shipping industry was a country, it would be the sixth-largest polluter in the world. We need such highly scalable solutions to accelerate the transition of this industry.”
“Decarbonising the maritime industry is an enormous and incredibly complex challenge that requires a collaborative approach through industry partnerships and the most advanced technologies. We are developing products to connect previously siloed data, facilitating interoperability between systems and providing recommendations,” said Louis Jozon, Spinergie CPO and co-founder.