The British tanker and special vessel shipping company James Fisher and Sons is investing in the US project Ocean Aero, which aims to make a name for itself by developing the autonomous underwater and surface vehicle “Triton”.
The company James Fisher & Sons has acquired a minority stake in Ocean Aero as part of a so-called “D financing round”, it was announced today. In simple terms, a “Series D” is about raising capital for a more or less established start-up in order to pave the way for growth and possibly an IPO. James Fisher & Sons, founded in England in 1847, is itself listed on the London Stock Exchange. The business comprises maritime services and the operation of a 17-strong shortsea tanker fleet.
The new partnership combines “the complementary skills of James Fisher and Ocean Aero in the areas of marine surveillance and underwater intervention for offshore energy installations and critical subsea infrastructure”, according to a statement today. At the heart of Ocean Aero is “Triton”, a wind and solar-powered autonomous underwater and surface vehicle designed to meet the growing demand for carbon-neutral, intelligent and sustainable solutions and strengthen James Fisher’s position in a rapidly evolving market.
Ocean Aero develops, manufactures and operates the “Triton”, the world’s first and only AUSV. It can reportedly operate both above and below water and can collect and transmit data from any location without the need for crews on board or nearby. Sean Huff, Head of Ventures & Chief Digital Officer at James Fisher and Sons, said: “Ocean Aero’s team and technology are extremely impressive – and we are delighted to support their international expansion through James Fisher’s global client network.”
CEO Jean Vernet added: “This investment underlines our commitment to entrepreneurial-driven, disruptive innovation as a key growth driver for James Fisher. By partnering with Ocean Aero, a pioneer in autonomous technology, we are enhancing our ability to serve and support customers in our global markets while opening up new opportunities in the blue economy, energy transition and global security.”
