BENGALURU: Bengaluru-based ocean farming startup Sea6 Energy on Wednesday said that it has raised $9 million as a part of its Series B funding round led by Netherlands-based aquaculture fund Aqua-Spark. The ten-year-old startup has developed a proprietary cultivation mechanism called SeaCombine, which can simultaneously harvest and replant seaweed in deep ocean waters, enabling cost-competitive production at scale. At Sea6 Energy, we are focused on cultivating and processing tropical seaweed species. The company had earlier received an investment from Tata Capital Innovation Fund in 2015 as part of their Series A funding. “Investing in seaweed production has been a priority for us since we launched in 2015 but, until now, we hadn’t come upon an operation that was both economically viable and was able to produce at scale.

Source: Mint July 21, 2021 08:37 UTC