Sweden’s greentech firm Cetasol secures €2M to boost maritime sustainability: Here’s how
Summary
Optimising energy usage is essential due to rising fuel costs leading to increased operational expenses and reduced profits. Cetasol’s iHelm platform is an AI-driven decision support system aimed at enhancing insights and reducing emissions through energy optimisation. The impact of our solution is noticeable globally and can impact maritime sustainability in operations all over the world.” “We have shown the potential of iHelm and with this investment, we are able to take Cetasol to the next level, we are ready to scale up.” Brief about the investors supporting Cetasol Sarsia, a Nordic-based venture capital fund, invests in technologies and founders driving the green transition and building sustainable companies for the future. Speaking about the investment in Cetasol, Jon-Kåre Hansen, Partner at Sarsia, says, “What we see in Cetasol is AI/ML driven technology to route and fuel optimisation, based on deep engine know-how from Volvo, a team with a drive to build the business, and in a setting where new regulations are coming from EU and IMO for the mid-size vessel market.” “What you get is real and substantial fuel savings for the marine sector, an important part of the green shift. We look forward to working with the team and partners to scale the business worldwide.” ShipsFocus is a venture studio and VC fund that nurtures startups offering practical solutions for high recurring value in maritime commerce.