LUMO Labs and SHIFT Invest have jointly invested €550,000 in Roboat to enhance its development of fully autonomous boats aimed at transforming inland waterway transport.

Information on the Target

Roboat, a pioneering venture stemming from the Massachusetts Institute of Technology (MIT) and the Amsterdam Institute for Advanced Metropolitan Solutions (AMS), is focused on revolutionizing inland waterway transport through the deployment of fully autonomous boats. The company has developed an advanced AI-powered navigation system specifically designed for complex urban waterways, facilitating safe and eco-friendly transportation for both passengers and goods.

With its innovative technology, Roboat is well-positioned to address the challenges of urban logistics by significantly reducing the carbon footprint associated with city transportation. The system allows for the automation of various maritime applications including passenger transport, cargo delivery, and waste collection by retrofitting existing commercial vessels or utilizing newly constructed boats.

Industry Overview in the Target’s Specific Country

The inland waterways transportation industry is gaining momentum in the Netherlands, characterized by an intricate network of canals and rivers that serve as vital trade routes. The Dutch authorities are inc