Energy News Beat
Singapore’s Motion Ventures has launched what it claims is the largest-ever maritime tech fund at $100m.
“We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory. In recent years, we’ve seen digitalisation and decarbonisation shift from ideas to industry imperatives,” commented Shaun Hon, founder and general partner of Motion Ventures, who said this second fund goes beyond writing bigger cheques.
“It’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift, ensuring that solutions can be tested, adopted, and scaled faster than ever before,” Hon said.
Over the next 18–24 months, Fund II aims to deploy cheques of $250,000 to $10m into at least 25 companies, targeting solutions that digitise and decarbonise the global maritime supply chain.
By design, the new fund can now back startups developing more asset-intensive hardware solutions, recognising that maritime innovation demands solutions beyond software alone—an evolution spurred by growing corporate demand for deeper, faster progress in sustainability, vessel operations, and port modernisation.
The maritime digitisation market is projected to reach $423.4bn by 2031
According to Motion Ventures, the maritime digitisation market alone is projected to reach $423.4bn by 2031.
“Fund II will harness that momentum, uniting startups and industry leaders to deliver cleaner, more efficient operations and, ultimately, shape the future of maritime commerce,” the company claimed in a release.
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