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Displaying items by tag: Secure Funding

Belfast based Artemis Technologies, which is a Northern Ireland company, is bringing its ‘flying’ electrical boats to international markets after receiving millions of pounds in backing.

The financial development reports Belfast Telegraph, ushers in a new era for the city’s maritime capabilities as Artemis Technologies proceeds to full steam ahead with its range of electric powered foiling workboats.

Artemis had launched last year the world’s first commercially viable 100 per cent electric foiling workboat and has now secured financing through a £2 million backing from the Hong Kong & Shanghai Bank, otherwise best known under the brand, HSBC, UK. Afloat adds this is where one of their boats, the 11.5m Pioneer of Belfast (above) in October took to the waters of London whilst on the Thames.

The nautical firm’s business is located in close proximity to where the White Star liner, Titanic was built at Harland & Wolff, at the iconic Belfast shipyard. With the funding of Artemis Technologies, this is set to increase production capacity to enable it to commence serial production of its electric foiling workboats in response to growing demand.

Already Artemis has received a number of orders globally. In addition such order account for those sector in the Offshore Wind, Workboat, Defence and Smart Mobility industries which have also shown an interest in its zero-emission vessels.

The business is also currently developing a high-speed passenger ferry, due to hit the water next year as Afloat previously reported on a trial basis across Belfast Lough, between the city and Bangor.  

More from the newspaper, by clicking here.

Published in Belfast Lough

Crosshaven Boat Yard is the Irish distributor for Dufour Yachts of France. Crosshaven Boatyard offers a complete range of top quality Cruising and Racing yachts from 32 feet to 52 feet.

Crosshaven Boat Yard was established over 60 years ago and has been a family-based operation since its early days.

The Yard originally specialised in building commercial fishing boats and small pleasure craft, both sail and power and is famous for its involvement in the construction of a number of significant yachts such as Gypsy Moth V, Saint Brendan, Longbow II and a series of Moondusters were completed up to the early ’80s.

Crosshaven Boat Yard installed the first commercial marina, with a Marine Travel hoist, in Ireland in 1979. This era saw a major change of emphasis in the business and since then we have concentrated on all aspects of the repair, care and maintenance.

The Cork Harbour company also offer, the White Shark Range of Sports Boats cater for angling and water skiing interests.

Crosshaven Boatyard are also agents for the popular Seaward Range of Motor Cruisers from 19′ to 42′.

The firm's Brokerage service consistently achieves top results for our large client base and we can offer the best professional advice whether you are a buyer or a boat owner.

The yard is situated just a stone's throw from the Royal Cork Yacht Club,  the oldest yacht club in the world founded in 1720.