Voices from our investors #2: SAAB

“𝘞𝘦 𝘸𝘦𝘳𝘦 𝘢 𝘧𝘰𝘶𝘯𝘥𝘪𝘯𝘨 𝘱𝘢𝘳𝘵𝘯𝘦𝘳 𝘰𝘧 𝘊-𝘓𝘦𝘢𝘯𝘴𝘩𝘪𝘱 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘴𝘵𝘢𝘳𝘵 𝘪𝘯 2011 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘸𝘦 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘩𝘦𝘭𝘱 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮 𝘵𝘩𝘦 𝘮𝘢𝘳𝘪𝘵𝘪𝘮𝘦 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘵𝘰 𝘳𝘦𝘥𝘶𝘤𝘦 𝘪𝘵𝘴 𝘤𝘢𝘳𝘣𝘰𝘯 𝘧𝘰𝘰𝘵𝘱𝘳𝘪𝘯𝘵, 𝘢𝘯𝘥 𝘭𝘪𝘮𝘪𝘵 𝘵𝘩𝘦 𝘴𝘱𝘳𝘦𝘢𝘥 𝘰𝘧 𝘪𝘯𝘷𝘢𝘴𝘪𝘷𝘦 𝘴𝘱𝘦𝘤𝘪𝘦𝘴.”  – Jonas Lundeberg, Head of Ventures & Special Projects, Saab

Hi, Saab Ventures here:

We’re the second of three C-Leanship investors sharing our insights on the shipping industry’s challenges and why we’re backing C-Leanship to be part of the solution.

Shipping is, in many ways, a conservative industry where change is slow. While the International Maritime Organization (IMO) has set emissions reduction targets, they aren’t yet law, and our investment in CLS is one way we can drive sustainability in shipping today.

C-Leanship’s ROV is built on our technology and aligns perfectly with our mission to leverage our cutting-edge solutions to create value in new markets outside our core business.

𝗦𝗼 𝗵𝗼𝘄 𝗰𝗮𝗻 𝗖-𝗟𝗲𝗮𝗻𝘀𝗵𝗶𝗽 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗲 𝘁𝗼 𝗮 𝗺𝗼𝗿𝗲 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝘀𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆?

🔸 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗳𝘂𝗲𝗹 𝘀𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗰𝘂𝘁𝘀: Hull cleaning can reduce CO2 by a significant 6-8 tons per day per ship—an urgent need as international shipping accounts for roughly 2% of global energy-related CO2 emissions.

🔸 𝗦𝘁𝗮𝘆𝗶𝗻𝗴 𝗮𝗵𝗲𝗮𝗱 𝗼𝗳 𝘁𝗵𝗲 𝗰𝘂𝗿𝘃𝗲 𝗼𝗻 𝘁𝗮𝗿𝗴𝗲𝘁𝘀: IMO’s revised emissions targets are aligned with the Paris Agreement but are not yet legally binding. To reach the agreement’s zero emissions goal in 2050, the targets will have to be enforced, and when they are, the market for C-Leanship’s solutions will expand dramatically.

🔸 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗲𝗳𝗳𝗼𝗿𝘁𝘀: Reaching net-zero requires a nearly 15% emissions reduction from 2022 levels by 2030. This will require supportive policies, technological innovations such as C-Leanship’s ROV, and collaboration across the value chain.

In short, we are very proud to help transform the shipping industry into being more sustainable and aligned with the Paris Agreement.