Nauticus Robotics is merging with CleanTech Acquisition Corp. The deal values Nauticus at $560 million, according to the company. CleanTech is a publicly-traded special purpose acquisition company (SPAC) The combined company will be known as N Auticus Robotics, Inc.
Financial details of nauticus’ spac
Nautic estimates its 2021 revenue to be approximately $8.2 million. It said revenue will more than double in 2022 based on current contracted orders. Its robots are available primarily through a Robotics as a Service (RaaS) business model, but the company is open to strategic partnerships for unit sales.
“The ocean will be the epicenter in our fight against climate change and the offshore ocean services industry has signaled the beginning of a major technology revolution to combat it,” Nauticus founder Nicolaus Radford said. Radford spoke during RoboBusiness Direct 2020 in a session called “The Commercial Unmanned Maritime Systems Opportunity”