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Armada Technologies Secures $3.2 Million in Seed Funding for 2nd Generation Air Lubrication System

Armada Seed Funding with investors logos

Armada’s energy-efficient, compressor-less system helps shipowners reduce ship’s drag and use less fuel ultimately lowering carbon emissions.

Armada Technologies (Armada) is pleased to announce the successful close of its seed funding round, raising a total of $3.2 million. This significant achievement includes contributions from both strategic partners and traditional financial investors to advance eco-friendly maritime solutions to support shipowners in achieving their decarbonization objectives.

Cool Company Management Ltd. (CoolCo) a strategic partner within the LNG space, is to part-fund Armada equipment that will be installed on its vessels with this seed round. Ecochlor, Inc. continues to provide investment and technical support to the company as its Growth Partner. Future Planet Capital, through its Blue Ocean Fund, and Founders Factory, through the Blue Action Accelerator, are also joining the round, with both investors focused on decarbonization within the broader maritime and ocean space. Armada is also pleased to receive continued support from the Oxford entrepreneurial network, having Oxford Seed Fund participate in the round.

This funding round marks a pivotal moment for Armada, underlining the industry’s confidence in the company’s second generation, Passive Air Lubrication System (PALS). PALS represents a major innovation in hull air lubrication technology by using a venturi system, partnered with the vessel’s forward motion, naturally forming an optimal bubble spread that ensures thorough lubrication of the hull without using compressors. Armada’s PALS is tailored to adapt bubble production precisely to a ship’s type and operating conditions — be it speed, depth, or weather — offering a continuous bubble layer, even with deeper draft vessels and lower speeds.

Johann van der Merwe, CFO of Armada said: “This capital will be utilized to enhance operations, grow our team, and bolster project execution capabilities, thereby accelerating the adoption of cleaner, more efficient technologies within the maritime industry.”

Alex Routledge, CEO of Armada, expressed his enthusiasm, stating: “This funding is a strong validation of our vision, the quality of our technology and importantly, our team. With the support of our investors, we’re set to increase options for owners searching for a more effective and energy-efficient technology for their ships.”

In expressing admiration for the PALS technology, Richard Tyrrell, CEO of CoolCo, highlighted its potential to boost operational efficiency and promote the clean maritime agenda crucial for achieving maritime decarbonization objectives. Mr. Tyrrell added: “We are proud to collaborate in the development of this exciting technology and help Armada deliver on its potential.”

Andrew Marshall, CEO of Ecochlor, Inc., emphasized their growth partnership and investment with Armada as a shared dedication to offering sustainable maritime technologies to the market whilst also aiding shipowners in reducing carbon emissions. Ecochlor serves as Armada’s global sales team, supporting the introduction of PALS and other energy-efficient solutions to the maritime industry. 

About Armada Technologies:

Armada has developed the world’s first Passive Air Lubrication System (PALS). PALS is an award-winning system that operates in a passive mode, and enables discreet control of system output with the complete decoupling of system lubricity from ship speed. In doing so PALS can deliver optimal boundary layer aeration at any prevailing operating condition. PALS will help drive the clean maritime agenda through the further and faster reduction of fuel consumption. Armada Technologies is an associate of Ecochlor’s “Green Marine” energy-efficient technologies, a group focused on providing effective, innovative, environmentally-friendly maritime technologies to shipowners. 

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Qatar Shipyard with Armada Technologies and Qatar Shipyard logos with MoU announcement

Armada Technologies and Qatar Shipyard Technology Solutions Sign an MoU to Enhance Vessel Energy-Efficiency

Armada Technologies™ (Armada), a provider of a new, second-generation innovative hull air lubrication system and Qatar Shipyard Technology Solutions, have signed a Memorandum of Understanding (MoU) to collaborate on installing Armada’s Passive Air Lubrication Systems (PALS) on vessels. The partnership aims to improve vessel energy-efficiency, reduce operating costs, and minimize the emission of carbon and other pollutants to ships.

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