Displaying items by tag: Secure Funding
Belfast Based Artemis Technologies Brings ‘Flying’ Electric Boats to Overseas Market
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.
