Rotterdam-based RanMarine Technology, a company specialises in industrial autonomous surface vessels (ASV’s), on Friday, November 17, announced its plan to go public through IPO on the Nasdaq Stock Exchange.
The IPO of RanMarine will be conducted on the Nasdaq Stock Exchange and is being managed by WallachBeth Capital.
Based out of Amsterdam, Clear, one of the financial advisors to RanMarine throughout the pre-IPO phase, provides the company with strategic guidance and successfully closing a bridge round to fund their listing process.
The company will use the proceeds from the listings to expand its R&D, accelerate ASV’s production, and bolster a global presence to meet the growing demands for sustainable water cleaning technologies as a part of ESG goals.
Richard Hardiman, Founder and CEO at RanMarine, says, “What started as a purpose project, grew into the overall mission to fight ecological imbalance by developing a waterway cleaning and preservation technology that can be deployed all around the world. The world’s nature needs it. Since the beginning, we have been backed by established enterprises and organisations who believe in our systems – until today, our Sharks have been actively deployed in diverse locations in over 25 countries, including Disney, Universal, and the Dubai Harbour as well as have been engaged in numerous NGO projects, such as partnerships with amongst others the Food and Agriculture Organization of the United Nations, WWF, and LifeGate.”
“This widespread adoption not only demonstrates our current success but also underscores the immense potential we have in addressing the critical issues of pollution, waste management, and oil spill prevention that pose a threat to our future,” adds Hardiman.
RanMarine Technology: Keeping marine environment pristine
Richard Hardiman came up with the idea of RanMarine Technology when he was sitting at the Cape Town Waterfront observing two men in boats trying to scoop the plastics from the water.
The company is on a mission to empower people, companies, and governments to address critical water-related challenges and safeguard healthier aquatic environments on a global scale, ultimately helping water-owners and -users to become ESG compliant.
The Dutch company has developed remote-controlled and autonomous drones called ‘WasteSharks’ that swim through water, extracting unwanted material and gathering data about their marine environment as well.
The drone, inspired by the planet’s biggest fish, the Whale Shark, Wastesharks, is designed to be efficient, long-lived, non-threatening, and unobtrusive.
According to the company, this drone will eat plastics and other litter; detect chemicals in the water; and extract alien and pest vegetation.
RanMarine says the drones are learning machines, continuously gathering data from the environment, sharing intel with a centralised database, and communicating with each other in the water.
Wastesharks are both human-operated via remote control or through a plotted map on an iPad and autonomous with zero greenhouse emissions.