Rotterdam’s RanMarine Technology, specializing in industrial autonomous surface vessels (ASVs), announced on Friday, November 17, its intention to launch an initial public offering (IPO) on the Nasdaq Stock Exchange. WallachBeth Capital will manage the IPO.
Amsterdam-based financial advisor Clear, which has been advising RanMarine in the pre-IPO stage, helped the company close a bridge round to finance their listing process. RanMarine Technology plans to use the IPO proceeds to expand research and development, increase ASV production, and strengthen its global footprint, aligning with the growing need for sustainable water cleaning technologies in line with ESG objectives.
Founder and CEO Richard Hardiman remarks, “RanMarine Technology began as a mission to combat ecological imbalances with our waterway cleaning and preservation tech. Now deployed in over 25 countries, including Disney and Dubai Harbour, and partnerships with organizations like the United Nations’ FAO, WWF, and LifeGate, our success demonstrates the vast potential in addressing pollution, waste management, and oil spill prevention.”
RanMarine Technology: Preserving the Purity of Marine Ecosystems
Richard Hardiman conceived RanMarine Technology while observing two men attempting to clear plastics from the water at the Cape Town Waterfront.
The company’s goal is to enable individuals, businesses, and governments to tackle crucial water-related issues and maintain healthy aquatic ecosystems worldwide, aligning with ESG compliance objectives.
The Netherlands-based company has designed ‘WasteSharks’ – remote-controlled and autonomous drones that navigate waterways to remove debris and collect environmental data.
Influenced by the whale shark, the largest fish on the planet, WasteSharks are engineered for efficiency, longevity, harmlessness, and discreet operation. These drones are capable of removing plastics and other litter, detecting waterborne chemicals, and eliminating invasive vegetation.
The compony notes that these drones are intelligent learners, continuously amassing environmental data, contributing to a centralized database, and communicating among themselves in aquatic settings.
Operable either by remote control or autonomously via an iPad’s plotted map, WasteSharks function with zero greenhouse emissions.