Bengaluru-based Sea6 Energy, a marketplace utilizing the unlimited potential of the oceans sustainably and ethically, has secured US$9 million in a Series B investment round led by Aqua Spark on 21 July 2021.
Investors: The investment round featured Netherlands-based Aqua Spark as the lead investor with participation from Singapore-based Silverstrand Capital. The startup has raised approximately US$ 18 million, in total, to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the latest funding round towards meeting the financial requirements of SeaCombine systems to augment the supply of seaweed raw material and grow Sea6’s production volume by establishing more facilities.
About Sea6 Energy
Established in 2010 by Nelson Vadassery, Shrikumar Suryanarayan, Sowmya Balendiran and Sri Sailaja Nori, Sea6 Energy, through its unique innovation, transforms biomass into biofuel, plant growth tonics, plant protection offerings, and several different clean-energy products to substitute non-sustainable chemicals and plastics, productively establishing a bio-refinery from marine biofuel, introducing a range of products causing no wastage. The firm envisages building a future fuelled by the everlasting resources of the water bodies and free from conventional energy sources. The startup possesses experts from different streams, namely industrial robotics, flora pathology, sea engineering, biotech engineering, marine engineering, and aerospace technology, intending to structure an entirely new economy specializing in marine biofuel.
What the Founder has to say: “Aqua-Spark’s vision of sustainability runs parallel with Sea6’s vision. We are dedicated to harvesting and processing terrestrial seaweed breeds. Considering that seaweed harvesting is an eco-friendly task, it implies that biofuel is multi-characteristic and a raw material best of both worlds. It can be employed to carry out a broad range of industrial activities and aid in assuaging carbon emissions.”- Shrikumar Suryanarayan, Co-Founder of Sea6 Energy.
What the Investors have to say: “Funding seaweed extracting practices has been the major focus of our enterprise but, what makes Sea6 Energy special is its productivity and cost-effectiveness. The Indian startup is well-placed to revolutionize the seaweed farming industry and its application across industries owing to its cutting-edge technology. Its SeaCombine makes sustainable ocean farming a reality while accumulating CO2 and converting it into essential products. The startup’s outlook and attitude impressed us in the first place, and we look forward to incorporating them into our portfolio and commence operations together.”- Mike Velings and Amy Novogratz, Co-Founders of Aqua-Spark.
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