Naut is proud to announce that it has secured a $1.5 million investment from Hillfarrance Venture Capital, a leading investment firm specialising in innovative and disruptive startups.
The investment will enable Naut to accelerate growth plans and further develop its electric propulsion products for the marine industry.
“We are excited to have the support of Hillfarrance Venture Capital as we continue to grow and expand our electric propulsion solutions to the boating world, all while creating a net positive experience for both the people and the planet,” said Naut’s CEO, Fiona Bycroft. “This investment is a testament to the potential of our solutions and the belief that Hillfarrance Venture Capital has in our mission."
Hillfarrance Venture Capital is a purpose-driven investment firm with a proven track record of supporting entrepreneurs who are change-makers and future creators in the media, artificial intelligence, and climate change sectors.
“Naut has already secured several partnerships, including the well-known NZ marine tourism attraction Shotover Jet, and has a strong pipeline of potential customers to provide initial testing, design, and prototypes out to the market. Not only does this prove the early traction and potential for their product, but validates the need for such a system in the boating industry,” said Rob Vickery, Founder, and Managing Partner of Hillfarrance Venture Capital.
For more information about Naut and its electric propulsion solutions, visit www.naut.co.nz.
Naut is an electric propulsion technology company from Northland, New Zealand. Naut designs and manufactures electric propulsion systems for the marine industry, focusing on products for 6 to 12m trailer or marina boats. Naut aims to bring the pure joy of electric propulsion to the boating world creating a net positive experience for both people and the planet; through Naut’s electric propulsion products or working with our partners to deliver bespoke electric boat design and build packages.
Hillfarrance Venture Capital is a $36m New Zealand-based early-stage venture fund investing in audacious Kiwi founders developing innovations at the cutting edge of media, artificial intelligence, and climate change. Hillfarrance Venture Capital is a purpose-driven fund that focuses on entrepreneurs whose ingenuity will leave the planet in a better state for the next generation.