Motion Ventures targets $100M to drive green innovation in maritime industry

Motion Ventures, a Singapore-based maritime venture investment fund, has unpacked what it endeavors to be its “largest maritime tech fund ever” valued at a staggering $100 million, aimed at supporting decarbonization as well as digitalization of the maritime industry.

Powered by Rainmaking, a UK-based firm that develops accelerator programs and venture capital businesses for startup companies, Motion Ventures Fund II (or Fund II) is intended for startups that offer asset-intensive hardware solutions, moving beyond software alone.

The Singapore-headquartered maritime player explained