

Photo: iStock/onurdongel
Warehouse giant Prologis and the American Bureau of Shipping will together anchor a $200 million venture-capital fund aimed at fostering growth and efficiency in the U.S. maritime and logistics industries, according to MSN.com.
Marina Hadjipateras, a founder and managing partner of New York-based venture-capital firm TMV, told MSN the fund will tap in to growing government and private sector interest in supply chain efficiency, port logistics and the broader maritime industry. The announcement jibes with efforts by the past and current U.S. administrations to increase America's competitiveness against China, which dominates many logistics-related industries, including shipbuilding and autonomous mobile robots increasingly used in warehouses and distribution centers.
The fund will focus on commercial and dual-use technologies in automation, robotics and artificial intelligence that improve supply-chain efficiency, transportation and the maritime industrial base, Hadjipateras said. It will also look at energy and clean-fuels investments in areas such as battery-electric, ammonia- and nuclear-powered vessels.
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