European investment firm Boundary Holding has recently invested in a Netherland-based startup – RanMarine Technology. The firm specialises in the design and development of industrial autonomous surface vehicles (ASV’s) for ports, harbours, and other marine and water environments. Before the deal was finalised, the founder of Boundary Holding Rajat Khare and the founder of RanMarine Richard Hardiman met several times in Europe.
Talking about cleantech investment that Boundary Holding has made, Rajat Khare said, “Investment for a clean environment is our core focus area. I am impressed by how RanMarine has made great progress in the past years. I am enthusiastic about this new partnership of Boundary Holding and RanMarine as it is inevitable that this partnership would fetch better results.”
Founder of RanMarine Richard Hardiman, said, “Boundary Holding will extend our reach, bring us to exciting new markets, strengthen the status within the existing market, and lay the foundation for possible further expansion, all while maintaining high quality and standards.” Post investment, RanMarine is planning to utilise the funds on the R&D of upcoming products, data and customer portal, expanding the team and business development, and trade shows for market growth.
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