Fleetzero Analysis: $16M Raised
What is Fleetzero?
Fleetzero designs and sells modular marine batteries and propulsion systems for commercial vessels. Its Leviathan platform uses LFP chemistry, IP67-rated strings, and a patent-pending Kraken DC-hub for multi-megawatt ship power. The company says it aims to decarbonize ocean freight without a green premium.
Location
1805 Brittmoore Rd, Houston, Texas 77043, US
Employees
11-50
Founded
2021
Revenue
$1-10M
Product Features & Capabilities
- Leviathan ESS, advanced marine battery, hybridizes with ships to reduce emissions, enables zero emissions in port and at anchor, allows zero emissions during maneuvering and short sea operations, extends zero-emission range to thousands of miles
- Behemoth, world's most energy-dense battery for rail, unmatched safety, true cell-to-cell thermal runaway and fire prevention.
How much Fleetzero raised
1 - $15.5 million
June 30, 2021Lead Investor: MOL PLUS (Mitsui O.S.K. Lines)
Who are the founders of Fleetzero
SH
Steven Henderson
Founder
MC
Mike Carter
Founder
Market Focus
Fleetzero primarily focuses on the marine industry, specifically in the area of zero-emission shipping and advanced battery technology for hybrid marine vessels.
Business Model
Focuses on battery-swapping and energy-efficient shipping, generating revenue through cost savings.
Investors
- Breakthrough Energy Ventures
- Founders Fund
- Y Combinator
- Climate Capital
- Darco Capital
- MOL PLUS
- Apollo Projects
- Cantos Ventures
Competitors Overview
Fleetzero operates in the zero-emission shipping market, focusing on hybridizing marine vessels with advanced battery technology. Its main competitors include:
-
Zodiac Maritime: This company is involved in ship management and operates a diverse fleet, including container vessels and tankers. They are known for their extensive experience and global operations, which may provide them with a competitive edge in logistics and fleet management.
-
GT Logistics: While specific details about their zero-emission initiatives were not found, they are part of the broader logistics and shipping industry, which is increasingly focusing on sustainability.
-
Fednav: This company is a leader in the Canadian shipping industry and has been exploring sustainable shipping solutions. Their established presence in the market and commitment to reducing emissions could pose a challenge to Fleetzero.
-
Empresas Taylor: This company is involved in shipping and logistics, but specific details about their zero-emission initiatives were not found. Their experience in the industry may provide them with advantages in operational efficiency.
-
Future Proof Shipping: They focus on zero-emission marine transportation and have launched hydrogen-powered vessels, which could offer a significant advantage in terms of sustainability compared to battery-powered solutions. Their innovative approach to using hydrogen as a fuel source sets them apart in the market.
Notable differences include Fleetzero's specific focus on battery technology for hybrid vessels, while competitors like Future Proof Shipping are exploring alternative fuels like hydrogen. Additionally, Fleetzero's rapid battery swapping technology may provide operational advantages in terms of reducing downtime during charging.
See something that needs updating? Suggest edits to this profile.