Close

Jump to:

  • Navigation
  • Content
  • Footer
Noa Marine hero image

Noa Marine

Follow

Underwater drones to cut cost of ocean exploration and shape the future of the maritime connected world.

100%
 - 
Funded 27 Dec 2019
€182,000 target
€223,160 from 158 investors
More
Less

Business overview

Location Krakow, Poland
Social media
Website www.noa-marine.com
Sectors Energy Mixed Digital/Non-Digital B2B
Company number KRS0000606618
Incorporation date 10 Mar 2016
More
Less

Investment summary

Type Equity
Valuation (pre-money) €3.5M
Equity offered 4.94%
Tax relief N/A
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 158
  • Discussion
  • Documents

Idea

Introduction

NOA MARINE was founded with a mission to develop unique solutions for the marine industry. This relates to the technological innovation in marine propulsion systems inspired by bionic innovation to significantly reduce the costs of sea and ocean exploration in the near future. We are a group of skilled engineers passionate for technology, marine world and environment aiming to re-write the history of ocean-related data analytics. We want to develop a new generation of bionic underwater drones that are revolutionizing sea & ocean exploration technologies.

We have developed our business expansion strategy as B2B Robotics as a Service model. Our goal is to significantly lower the cost of sea and ocean exploration in off-shore, oil & gas, ocean aquaculture and scientific sectors and to enable our future partners to gather data for their future clients faster and save money at the same time. We own European patents for the technology.

The implementation of NOA Sentinel technology involves two stages:

Intended impact

NOA MARINE was born out of passion for technology and marine world.

Global ocean business has a high demand for harnessing various types of data which is difficult to do at scale due to high operational costs of ships and manpower which makes it an expensive service. To keep costs down, marine industry intensively seeks for new robust solutions enabling UUV drones to carry heavier payloads through longer distances making long haul missions possible.

We want to build UUVs that will be robust, quieter, efficient, able to carry larger payloads. NOA MARINE technology means cost-effective ocean research without the need or presence of humans or ships on the proximity. Our underwater drones will be used as an integral part of autonomous data collection service implemented in Stage 2. Our goal is to be able to use a set of autonomous vehicles and leave them for a significant period of time directly on the dedicated field of operation thus provide a large reduction of data acquisition cost.

Substantial accomplishments to date

· BONUS BLUE BALTIC R&D Program issues calls on ecosystem research innovation and funds projects of high excellence and relevance for the fragile Baltic Sea. https://www.bonusportal.org/

· European patent GRANTED for NOA DRIVE propulsion technology providing our crafts with high thrust power, efficiency and stability.

· Together with prestigious Solar Impulse Foundation NOA MARINE we became one of the Founding Members of The World Alliance for Efficient Solutions. https://solarimpulse.com/

· First B2B future clients for NOA Sentinel underwater data collection service expressing interest in landing pilots (Operational Oceanography Department, Maritime Institute in Gdansk and MEWO S.A. offshore). MEWO is the largest privately owned and independent marine survey, geoscience, environmental and subsea engineering company in Poland providing services and solutions to the marine energy sectors in the Baltic, Mediterranean and Southern North Sea’s for oil & gas, renewables, subsea telecoms and research.

· We won Transport and Mobility category in the worldwide “Bringing Tech&Science Closer to People” tech Start-up competition, organized under the patronage of UNESCO.

· We entered ANSYS USA Startup program with access to ANSYS top-notch Computational Fluid Dynamics technology https://www.ansys.com/blog/biomimicry-innovates...

· FATHOM WORLD included NOA MARINE among companies such as Kongsberg re-inventing ocean management systems through Biomimicry https://fathom.world/the-growth-of-drone-mimicry/

Monetisation strategy

NOA MARINE aims to provide clients with one stop shop data collection service. We have developed our business expansion strategy as B2B Robotics as a Service model (RaaS). Our goal is to enable our future partners to gather data for their future clients faster and save money at the same time.

Indirect service model assumes cost of average ship used on site oscillates around 6 000 EUR/day. We aim to eliminate everyday ship presence. It will result in using the ship only for deployment and periodic maintenance. This cuts the service cost by 50% and lowers estimated overall internal service cost from 12 000 to 6 000 EUR/day. It results in saving 186 000 EUR/month for system activity that gives 1 080 000 EUR savings on a single site in first 6 months and include installation and servicing cost. End customer pricing will depend on specific future B2B Partner policy.

Exit strategy:

We aim for our company to be acquired by one of the leading off-shore service providers within 5 years.

Use of proceeds

As a Founding Member of The World Alliance For Efficient Solutions by prestigious Solar Impulse Foundation, we have signed and secured international grant funding from BONUS BLUE BALTIC program that will enable us to deliver our first FULL SCALE physical Proof of Concept (PoC) of our underwater vehicle technology and proceed with full scale field tests in the Baltic sea. Grant funding requires private contribution of NOA MARINE company and we are crowdfunding to secure it.

With a BONUS BLUE BALTIC grant leverage (signed and running): 490 000 € we are crowdfunding to complete Stage 1 in 2020.

Breakdown of the crowdfunded budget (investment, excluding 66% of R&D grant leverage):

Key Information

Share Price

Please note that the share price for this round is €3,500. Due to this share price, we have decided to allow investors to hold fractional shares. This means that we have reduced the investment multiple to €35 (representing 0.01 of a share). As these shares will be held via the Seedrs Nominee, fractional entitlements are possible. In the event that shares were to be transferred out of the nominee structure, NOA Marine would take the steps required to subdivide its shares so that fractional entitlements result in whole shares.

Material Debt

The company has the following outstanding loans:

● 55,000.00 PLN (12,839.37 EUR) loan from a shareholder at an interest rate of 3% per annum.
● 50,000.00 PLN (11,672.15 EUR) loan from a shareholder at an interest rate of 3% per annum.
● 50,000.00 PLN (11,672.15 EUR) loan from a shareholder at an interest rate of 3% per annum.
● 30,000.00 PLN (7,003.2 EUR) loan from a shareholder at an interest rate of 3% per annum.
● 25,000.00 PLN (5,836.08 EUR) loan from a shareholder at an interest rate of 3% per annum.
● 50,000.00 PLN (11,672.15 EUR) loan from a shareholder at an interest rate of 3% per annum.

The funds raised from this investment round will not be used to repay these loans.

Open an account to get access to the team members of Noa Marine

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Share on:

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from €3,500,000

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of www.seedrs.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

ContinueCancel