By Dhritiman Hui, Managing Director of the Eastern Pacific Accelerator Powered by Techstars
Today, we are excited to announce the companies participating in the Eastern Pacific Accelerator Powered by Techstars Class of 2022!
Shipping consumes almost more than 3 hundred billion dollars worth of fuel every year and accounts for more than 1 billion tons of CO2 which is on par with some of the largest countries in the world. International shipping activities account for close to a trillion dollars exchanging hands every year. We have invested into 7 startups that reflect the scope of these massive global markets.
This year, we have focused more on decarbonization. This was a no-brainer for us: Decarbonisation is the shipping industry’s electric vehicle moment. Just like a Tesla came out of left field and outmaneuvered most of the auto industry, we feel similar opportunities will emerge in the shipping industry. We are also pleased to have invested in the shipping industry’s first Neo-bank. Neo-banks have created tens of billions of dollars of value in the traditional banking industry, and – given the gaps that exist – it’s inevitable that something similar will happen in this industry. Parallel to this, we have invested in companies whose IP is just exceptional!
These startups are now a part of the Techstars family and will enjoy the lifelong mentorship and network that comes with that.
By, Dhritiman Hui and Alina Hoon
Uses a patented graphene based technology to make dramatic reductions in hull-fouling
Invented technology that extracts more energy from shaft generators on vessels
Building the maritime and transportation industry’s first neo-bank: a $1 trillion market opportunity.
Uses computer vision to instantly detect corrosion and damage in the maritime and energy industries
The world’s smallest ‘lab-on-a-chip’ that sits on a vessel and analyses its lubricants real-time to predict problems and downtime
Building a patented carbon capture solution to recycle the 1 Bn tons of CO2 emanating from the shipping industry
Built the world’s first and cheapest communication system that can go through the steel walls of a vessel