Singapore-based Motion Ventures has launched its $100-million second fund, Motion Ventures Fund II, to drive digital and green transition in the global shipping industry.
In a statement, Motion Ventures said the latest vehicle will invest $250,000 to $10 million across at least 25 companies developing digital and hardware solutions for the maritime supply chain.
The new fund expands Motion Ventures’s industry consortium to 17 major corporate stakeholders, the largest such partnership in the maritime sector. It has already secured more than half of its funding target and deployed investments in companies including OceanScore and Fernride.
“Fund II goes beyond writing bigger cheques; it’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift, ensuring that solutions can be tested, adopted, and scaled faster than ever before,” said Shaun Hon, founder and general partner of Motion Ventures.
The firm said Fund II builds on the success of Motion Ventures’s inaugural 2021 fund, which has recorded two profitable exits and is ranked among the top 10% of venture capital funds from that year.
The firm has evaluated over 8,000 startups since its inception and made more than 30 investments across its two funds, per the announcement.
The launch of Motion Ventures Fund II comes as the maritime digitisation market is projected to reach $423.4 billion by 2031, driven by regulatory and customer demand for cleaner and more efficient shipping operations, according to data cited by the firm.
