Transport Capital, a Singapore-based investment management and advisory firm focused on the maritime and aviation industries, announced Monday it has launched its new venture capital arm named TC Ventures.

TC Ventures will focus on startups offering compelling solutions for transportation’s two mega challenges: decarbonization and digitalization, Transport Capital said in a statement.

It said TC Ventures not only provides capital but makes a deep understanding of – and contact network in – maritime and aviation available to its investee companies.

“We believe that transportation by sea and air is at a multi-generational inflection point, with the need to decarbonize and digitalize dramatically accelerating. We have a deep commitment to sustainability, and through TC Ventures we want to take a more active role in shaping the industries we serve,” said Joshua Politis, Deputy Managing Partner of Transport Capital and Chief Investment Officer of TC Ventures.

In conjunction with the launch, TC Ventures announces its first two partnerships: an angel investment in Turtle in late 2021 and a seed investment in Everimpact in early 2022.

According to the statement, Germany-based Turtle is building the leading digital job marketplace for the maritime industry. Founded by Isabelle Rickmers, the company’s mission is to enable data driven recruitment decisions at global scale and to provide seafarers with a safe home.

On the other hand, France-based Everimpact, which is led by Mathieu Carlier, is on a mission to help fight the climate crisis by measuring carbon emissions to finance climate actions. The company has created an end-to-end digital platform integrating satellite and sensor data together with verification and certification processes to enable the monetisation of emissions reductions.

TC Ventures also invites founders around the world who are seeking to disrupt and reimagine the maritime and aviation industries to connect.

With a deep commitment to sustainability, TC Ventures which is launched in 2021, partners with early-stage startups by providing access to capital, sector expertise and a global network of relevant companies and stakeholders.

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