September 8, 2022

Clearbot400x275Ocean mobility startup Clearbot has announced it closed on a seed funding round, led by the Alibaba Hong Kong Entrepreneurs Fund (AEF), with participation from CarbonX Global. Financial terms of the funding were not disclosed.

Clearbot is designing and developing artificial intelligence-powered, all-electric and self-driving robotic boats. The company also provides robots-as-a-service (RaaS) to its clients to automate various maritime services, including trash collection, water quality monitoring and cargo movement. The company partnered with Razer in designing its latest version, Clearbot Neo, and has plans to expand its presence with seven robots deployed across locations such as Hong Kong, India, and Panama.

The company said it plans to use the funding round to invest in product development and R&D to improve operational efficiency in different environmental conditions, such as extreme heat or unusually busy ports. It will also invest in research to turn data into insights for compliance with ESG standards, and help clients better optimize business practices for sustainable development in the marine sector.

“We have witnessed the growth of Clearbot's team from university as a winner of the JUMPSTARTER IdeaPOP! 2020 to building their Proof-of-Concept product at HKAI Lab and winning the JUMPSTARTER 2022 Global Pitch Competition,” said Cindy Chow, executive director of Alibaba Hong Kong . Seeing the way in which they have commercialized their innovative concepts into enterprise graded RaaS solutions has given us confidence that Clearbot will continue to create impact in the marine services industry."

“In the next decade Clearbot plans to position itself in the market as the largest fleet of electric boats in the world and prepare the industry for the change towards sustainability,” said Sidhant Gupta, co-founder of Clearbot. “The vision for Clearbot is to bring the same impact in the marine services industry as electric cars did in the automotive industry. Backed by AEF's support through JUMPSTARTER and HKAI Lab, we've got Clearbot off the ground since 2020 and joined a thriving network of business leaders, investors, and potential partners. With that, we are confident that we can execute our vision into reality."

For more details on Clearbot, visit its website here.