RanMarine, an EIC beneficiary supported through funding, has garnered attention for its groundbreaking efforts in environmental sustainability.
In its latest development, RanMarine Technology has unveiled plans for its initial public offering (IPO), marking a pivotal moment in its journey. The Rotterdam-based company intends to raise $8 million through the offering, aiming to further expand its operations and advance its mission of waste removal from water surfaces. With a proposed market value of $61 million, RanMarine Technology is poised for continued growth and impact in the cleantech sector.
RanMarine's flagship product, the WasteShark™ system, has garnered acclaim for its innovative approach to water waste removal. Supported by the EU-funded WasteShark project, this autonomous drone system represents a groundbreaking solution to the environmental challenges posed by pollution in urban harbors and delta waters. By utilizing a swarm of drones and a waste removal docking station, the WasteShark™ system efficiently collects a wide range of waste materials, including plastics, non-biodegradables, and harmful biomass.
