Kuala Lumpur: Motion Ventures, a venture capital fund focused on driving digital and energy transitions across global supply chains, has announced the launch of its US$100 million second fund, marking the largest maritime-focused tech fund to date.
According to BERNAMA News Agency, Motion Ventures unveiled its ambitious second fund, Fund II, with a vision to revolutionize the maritime industry by integrating technology, capital, and industry collaboration. Shaun Hon, the Founder and General Partner of Motion Ventures, emphasized that the fund aims to accelerate an industry-wide shift by uniting founders, corporate leaders, and strategic allies to ensure rapid adoption and scaling of innovative solutions.
In a statement, Motion Ventures outlined its plan for the next 18 to 24 months, during which Fund II will deploy investments ranging from US$250,000 to US$10 million into at least 25 companies. The targeted solutions will focus on digitizing and decarbonizing the global maritime supply chain, highlighting the fund’s commitment to sustainability and modernization.
The fund’s design allows it to support startups developing asset-intensive hardware solutions, recognizing the need for comprehensive maritime innovation beyond software. This approach caters to the growing corporate demand for significant progress in sustainability, vessel operations, and port modernization.
Motion Ventures has already raised more than half of Fund II’s target, with investments made in companies like OceanScore and Fernride. This progress reinforces Motion Ventures’ status as the most active investor in the maritime sector, having made over 30 investments across both Fund I and Fund II and expanding its consortium to include 17 major stakeholders.
Building on the success of its inaugural fund launched in 2021, Motion Ventures Fund I has already achieved two profitable exits, placing it among the top 10 percent of 2021 vintage venture capital funds globally. As it looks to the future, Motion Ventures aspires to be a transformative force in global maritime supply chains, supported by the largest fund dedicated to this sector in history.