The collaboration will allow RightShip to focus on finding innovative solutions that will facilitate its growth as an Environmental, Social and Governance (ESG) transparency enabler for the maritime industry.
Plug and Play has more than 15 years’ experience of early stage investing and scaling corporate innovation. Headquartered in Singapore, Plug and Play will curate access to suitable emerging maritime focused technology start-ups which complement RightShip’s business, with a specific focus on sustainability.
RightShip will collaborate with identified start-ups to scale their solutions and enhance their reach within the maritime industry. Depending on start-up maturity, collaboration could span anything from solution co-creation, data provision and pilots, to proof of concepts.
“For us, this exciting collaboration enables and accelerates our ability to understand the landscape of emerging technology solutions around key ESG themes, with a view to starting partnerships or co-creating and scaling solutions,” said Tarun Mehrotra, chief strategy officer at RightShip.
“Our collaboration with Plug and Play also allows us to focus on specific sub-themes such as crew welfare, emissions monitoring and provenance transparency, to search for emerging solutions that can be scaled within the maritime industry. We are specifically joining the Sustainability vertical of Plug and Play where they aim to bring global start-ups to partner with us around our areas of priorities. This will also accelerate the partnership ecosystem of RightShip.”
