Singapore-based maritime tech company Alpha Ori Technologies reports that it has closed a $6 million investment round jointly led by ship owners Hafnia and BW LPG, both existing users of the company’s SMARTShip system.
Mikael Skov, CEO of Hafnia, has also joined the Alpha Ori Board of Directors following the funding round.
“Hafnia is pleased to now be an investor in Alpha Ori. Our work together thus far has empowered Hafnia to make decisions based on real-time and accurate data analytics,” said Mr Skov.
“Alpha Ori helps us rest assured that we are actually making progress towards improving performance and reducing impact on the environment. SMARTShip also ensures that any company is ready for all future environmental reporting requirements.”
“I look forward to further strengthening our partnership and performance through this new investment and my participation on the Alpha Ori Board of Directors.”
The company says that it managed to surpass its target of completing 100 SMARTShip deployments by the end of 2020 and aims to use this new investment to further accelerate its product roadmap.
“Challenging the status quo and creating opportunities that have the power to transform the maritime industry by embracing new technologies have been the defining objectives of Alpha Ori. We are thrilled with the support of our investors who bring in their capital, knowledge and network to further our vision,” said Rajesh Unni, Founder and Co-CEO of Alpha Ori.