AutoNaut has secured investment from the Seiche Group to advance research and development aims, assure long-term growth and develop business across UK and international markets.
In September 2015, Seiche agreed its first investment in AutoNaut and this new deal sees them take a majority stake in the company. AutoNaut Ltd is the new name for the company previously trading as MOST (Autonomous Vessels), founded in 2012.
Directors David Maclean and Mike Poole will continue to run the company from their Chichester base, concentrating on Technical and Marketing/Sales activity respectively. The investment from Seiche will provide additional resources for R&D and manufacturing as well as administrative support. Seiche will also help to expand all sales and marketing activity. As one of the fastest-growing companies in the marine technology sector, Seiche will provide a springboard for AutoNaut into a number of commercial markets.
AutoNaut designs and manufactures wave-propelled boats, equipped to operate as an autonomous marine data collection hub. A fleet of craft is now in production in a range of sizes to suit multiple applications across the Oil and Gas, Renewables, Civil Engineering, Research and Science sectors as well as for Defence, Security and Surveillance.
David Maclean of AutoNaut said: “Seiche’s investment gives us a great opportunity to take our AutoNaut business to the next level of growth and to tackle the expanding global market for specific applications of marine autonomous systems. In four years we have taken a revolutionary wave propulsion technology, proved it is seaworthy, and turned it into a widely capable marine data collection hub to gather and transmit data from below, above, and at the surface of the world’s oceans. Now, with Seiche’s investment, AutoNaut can realise its full potential.”
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AutoNaut Ltd company David Maclean deal Directors International majority stake Mike Poole research and development Seiche Group UK
Post written by: Domhnall MacInnes
I am a features writer for MOD DCB magazine and Defence Online and a Content Marketing Executive with BiP Solutions.
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