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CLEARBOT SECURES SEED FUNDING LED BY ALIBABA HONG KONG ENTREPRENEURS FUND TO
DISRUPT THE MARINE SERVICES INDUSTRY

September 14, 2022 | Cision PR | In the News
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Clearbot, one of the leading ocean mobility startups, today announced it has
closed on a seed funding round led by the Alibaba Hong Kong Entrepreneurs Fund
(AEF), which is managed by Gobi Partners GBA, with participation from CarbonX
Global.


Clearbot is putting sustainability at the forefront of marine services by
designing and developing AI-powered, all-electric and self-driving 'Clearbot'
robot boats. It also provides robot-as-a-service (RaaS) to its clients to
automate various maritime services, including trash collection, water quality
monitoring and cargo movement. The Clearbot team has partnered with Razer in
designing its latest version, Clearbot Neo, which is the primary commercially
available model today. In addition, Clearbot is expanding its presence with
seven robots deployed across locations such as Hong Kong, India, and Panama.


This round of funding will be used to invest in product development and R&D to
improve operational efficiency in different environmental conditions. To scale,
Clearbot continues to develop effective and simple solutions across geographical
boundaries and changing weather conditions - whether that is extreme heat or
unusually busy ports. Clearbot will also invest in research to turn data into
insights for clients in compliance with ESG standards as a result becoming a
one-stop solution that help clients better understand and optimize their
business practices for sustainable development in the marine sector.


Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund, said:
"We have witnessed the growth of Clearbot's team from university as a winner of
the JUMPSTARTER IdeaPOP! 2020 to building their Proof-of-Concept product at HKAI
Lab and winning the JUMPSTARTER 2022 Global Pitch Competition. Seeing the way in
which they have commercialized their innovative concepts into enterprise graded
RaaS solutions has given us confidence that Clearbot will continue to create
impact in the marine services industry."


"At Gobi, we seek out founders in new markets and technologies, carving their
own niches to make an impact on the world," said Chibo Tang, Managing Partner of
Gobi Partners GBA. "Marine services is one area we believe technology can make a
big impact. We believe that Clearbot can leverage their robotic and autonomous
technologies to help combat marine pollution in Asia, as well as promote a more
efficient marine service industry."


Sam Cooke from CarbonX Global added, "CarbonX is passionate about the protection
of our marine biodiversity. We look forward to helping Clearbot expand
throughout SouthEast Asia in their quest to clean our oceans."
Clearbot's co-founder Sidhant Gupta said, "In the next decade, Clearbot plans to
position itself in the market as the largest fleet of electric boats in the
world and prepare the industry for the change towards sustainability. The vision
for Clearbot is to bring the same impact in the marine services industry as
electric cars did in the automotive industry. Backed by AEF's support through
JUMPSTARTER and HKAI Lab, we've got Clearbot off the ground since 2020 and
joined a thriving network of business leaders, investor, and potential partners.
With that, we are confident that we can execute our vision into reality."


About Clearbot
Clearbot, is a Hong Kong based tech startup which builds electric, AI-powered
electric boats for the marine industry. Clearbot won the JUMPSTARTER 2022 Global
Pitch Competition and the JUMPSTARTER IdeaPOP! 2020, which are organized by
Alibaba Hong Kong Entrepreneurs Fund. In 2019, Clearbot was a Microsoft AI for
Earth winner due to the company's consistent growth and innovation. Clearbot
continues work with clients in the marine industry across various commercial
use-cases such as garbage collection, cargo movement, surveying, monitoring and
more.


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