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Ampotech joins Coastal Sustainability Alliance to Support Decarbonization of Maritime Sector

SINGAPORE, April 25, 2023 /PRNewswire/ Singapore-based energy technology startup Ampotech is bringing its internet of things enabled energy management technology to the maritime sector. On 25 April 2023, Ampotech was one of 11 new members signing a Memorandum of Understanding to join the Coastal Sustainability Alliance (CSA). Coastal Sustainability Alliance CSA, launched in 2022 and helmed by Kuok Maritime, is an alliance dedicated to decarbonizing Singapore's marine industry by developing electric vessels, charging infrastructure and power management systems, as well as coastal logistics optimization solutions. The 18 member CSA expects to invest over S$20 million into various sustainability efforts over the next ten years with the aim of a 50% reduction in vessel carbon emissions and 20% in marine traffic by 2030. "The Coastal Sustainability Alliance's efforts to build the next generation coastal logistics ecosystem has progressed to plans. The alliance is excited to c

Energy technology startup Ampotech raises S$1 7M in funding round led by Earth Venture Capital

SINGAPORE, Feb. 8, 2023 /PRNewswire/ Singapore-based energy technology startup Ampotech has raised S$1,775,000 in Pre-Series A funding to further its international expansion. The funding round was led by Earth Venture Capital (Earth VC), a global climate tech venture fund with Southeast Asia focus. KSL Maritime Ventures,the venture capital arm of The Kuok Maritime Group, participated in the round together with existing Ampotech investors Silicon Solution Ventures and SEEDS Capital. Ampotech CEO William Temple (left) and CTO Zhou Ziling (right) "We look for strategic investors that are passionate about energy and sustainability, so Earth Venture Capital and KSL Maritime Ventures are ideal partners" said Ampotech CEO and Co-Founder William Temple. "Today, we are proud to back Ampotech. Their intellectual, dynamic and dedicated team shares our aspiration to help buildings become smarter, more sustainable and more positive for the Earth. Buildings are changing our lives fo

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