Marorka
Provider of energy management technology for the shipping industry.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (63 %) | 40 % | (35 %) | (21 %) | (42 %) | 11 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | - | 5 % | 42 % | 18 % | 11 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (7 %) | (107 %) | (60 %) | 206 % | 21 % | (27 %) | (32 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | 81 % | 87 % | 45 % | 113 % | - | - |
Source: Company filings or news article
Marorka, founded in 2002, is an Icelandic company specializing in data-driven energy management and operational performance solutions for the international maritime industry. The firm focuses on delivering solutions that reduce fuel consumption, optimize operational performance, and ensure compliance with environmental regulations. Its client base includes ship owners, charterers, and operators of various vessel types such as LNG carriers, tankers, bulk carriers, container ships, and cruise ships.
In February 2020, Marorka was acquired by the French engineering multinational Gaztransport & Technigaz (GTT), a move designed to enhance GTT's digital strategy in the smart shipping sector. Following the acquisition, Marorka was merged with GTT's Singapore-based subsidiary, Ascenz, a specialist in electronic fuel and bunkering monitoring, to form Ascenz Marorka. This merger created a comprehensive smart shipping arm for the GTT Group, combining Marorka's expertise in vessel performance management with Ascenz's proficiency in fuel monitoring.
The company's core offering is a modular software platform that provides end-to-end solutions, from onboard sensors for automatic data collection to cloud-based analytics. Key features include real-time vessel performance management, fuel consumption and bunkering monitoring, advanced weather routing, and LNG cargo management. These tools enable vessel operators to optimize routes by integrating operational and environmental variables, which can lead to fuel and emission savings of up to 15%. The business model appears to be centered on providing these integrated hardware and software solutions, likely through a combination of installation fees and recurring service or subscription fees for access to the platform and expert support from their Real-Time Fleet Performance Monitoring Centre.
Keywords: maritime technology, energy management, vessel performance, fuel optimization, smart shipping, operational efficiency, emissions reduction, fleet management, weather routing, LNG cargo management, marine software, data analytics, bunkering monitoring, Ascenz Marorka, GTT Group, regulatory compliance, ship optimization, decarbonization, marine digital solutions, operational performance