# ZeroJet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zerojet

- Industry: Ship Building & Repair
- Headquarters: Auckland, New Zealand
- Website: www.zerojet.nz
- Latest round: Series A (Jul 6, 2022)
- Investors on record: 6

## About

Founded in 2015 by its CEO, Bex Rempel, and CTO, Neil Mans, and based in Auckland, New Zealand, ZeroJet Limited operates as a developer of electric jet propulsion systems for boats that can be used by the marine industry. In July 2022, ZeroJet Limited raised an undisclosed amount of Series A funding led by Movac, with participation from Booster and Investible.

The company offers various boat technologies that include electric jet tenders and jet propulsion systems that use electric batteries for work.

The company plans to use the July 2022 funding to improve the production process for its initial 20hp system, ramp up sales and marketing internationally, and expand the team to support research and development and sales growth.

## Funding rounds

- Series A, Jul 6, 2022 — Movac, K1W1, Investible, NZ Growth Capital Partners, New Ground Capital, Booster Innovation Fund

## Investors

- Movac (https://capitalatlas.ai/funds/movac) — Series A
- K1W1 — Series A
- Investible (https://capitalatlas.ai/funds/investible) — Series A
- NZ Growth Capital Partners (https://capitalatlas.ai/funds/nz-growth-capital-partners) — Series A
- New Ground Capital (https://capitalatlas.ai/funds/new-ground-capital) — Series A
- Booster Innovation Fund — Series A