Forssea Raises €3.8M to Finance its Commercial Deployment

Underwater robotics company Forssea Robotics raises €3.8M from SOFILARO (Crédit Agricole), Qair Innovation (Jean-Marc Bouchet) its historical investors and as well as a France 2030 grant.




Founded in 2016, Forssea develops autonomous vehicles and vision systems for the maritime sector. After 4 years of R&D, the company has begun qualifying its equipment with several major offshore accounts. In 2020, the company announced the entry of Ifremer (French Research Institute for Exploitation of the Sea) in its capital to accelerate its transition towards renewable markets and to strengthen its technological expertise.

At the end of 2021, Forssea welcomes SOFILARO, a regional investment vehicle of the Crédit Agricole Group and Qair Innovation, Jean-Marc BOUCHET's family office, whose vocation is to invest in startups in the field of Energy Transition, Environment and the Sea.

Forssea's fundraising will finance its commercial deployment with the manufacture of new ARGOS vehicles that will be placed on long-term leases with maritime service companies in France and abroad.

Supervised remotely, the Forssea ARGOS robot is capable of diving to a depth of 500M to perform autonomous inspection of a structure (wind turbine foundation, anchor chain) or cable tracking with the image quality and positioning required by market standards. Forssea offers to its customers a maintenance service and turnkey tools (corrosion measurement, cable detection, cleaning).

After doubling its turnover in 2021, Forssea is also looking to deploy its vision systems in new sectors such as defence, construction and nuclear after several successful pilot projects.

The fundraising is completed by a €1.8M grant from BPI (CORIMER - France 2030) which will allow the company to maintain its technological effort in underwater autonomy through a major collaboration with the company iXBlue, whose DriX surface drone will embark a Forssea robot during 2023. A joint research team with Ifremer will also be created.

The offshore wind maintenance market is expected to double every 3 years over the next 15 years. Forssea recently opened its workshops in Sète, the future service base for the Mediterranean wind farms.

For more information, please contact:
Gautier DREYFUS, Président : gdreyfus@forssea-robotics.fr

For more information please contact: gdreyfus@forssea-robotics.fr

Location: France