News / August 18 2023

Grieg Kapital and Momentum invest in Remora Robotics


Remora Robotics secures fresh capital and welcomes two solid investors from Bergen. The technology company from Stavanger recently succeeded in raising up to 30 million Norwegian kroner in a challenging capital market, in a transaction led by Grieg Kapital and Momentum.

Taking fish health seriously

– Remora Robotics has developed new and exciting technology for a global market. The company’s technology has the potential to streamline net cleaning and improve the health of farmed fish, which is crucial for the sustainable advancement of the aquaculture industry. This investment aligns well with our investment strategy, focusing on ocean technology. We view the technology and business model as forward-looking,” says Lars Jørgen Loktu, Investment Manager at Grieg Kapital.

Fouling on nets presents a significant challenge, affecting both operational efficiency and fish health. Existing cleaning solutions pose environmental and equipment challenges while potentially exposing fish to health issues. Sustainable and more efficient solutions are imperative to continue modernizing the industry.

– We have been observing the market for automated net cleaning for a while and believe that the industry will embrace this type of technology. The solution can enhance growth, profitability, and sustainability for fish farmers simultaneously, aligning perfectly with our mandate. We believe the team at Remora Robotics has what it takes to succeed in large-scale commercial deployment. We are also pleased to make this investment alongside a competent and relevant co-investor in Grieg Kapital and look forward to contributing to the company’s further development alongside the employees and other shareholders,” says Investment Manager Christian Møgster.

Enabling further growth

Remora Robotics is an innovative player in robotic technology and has developed an autonomous net cleaner for the aquaculture industry, contributing to better fish health and sustainable development for the sector. Remora combines advanced sensors to monitor and inspect fish pens while simultaneously cleaning nets of harmful fouling. The sensor data from Remora can help farmers compare and enhance their understanding of the environment within the pens, the location, and the nearby region.

– The investment from Grieg Kapital and Momentum provides us with the necessary resources to execute our plans and deliver our service of consistently clean nets to our customers. The transaction also paves the way for strengthened collaboration going forward. With this capital injection, we can accelerate the commercialization efforts we’ve initiated and have the opportunity to scale our sales. We are bringing in two strong investors, both with a proven ability to drive successful companies through their methodical approach, and who are reputed for actively engaging in their investments,” says CEO of Remora Robotics, Brage C. Amundsen.


For more information:

Brage C. Amundsen, CEO Remora Robotics: / +47 91834338

Lars Jørgen Loktu, Investment Manager Grieg Kapital:

Christian Møgster, Investment Manager Momentum:

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