What it sells
Underwater robotic vehicles that collect battery metals responsibly
Business model breakdown
Buyer: who owns the budget?
UnverifiedNickel, cobalt, copper and manganese offtakers (battery/EV makers, metal processors) and government partners/licensing authorities.
Trigger: what makes them buy now?
Forecast battery-metal deficit by 2030 as EVs rise from ~5% to ~50% of new sales, and pressure on land-based mining.
Workflow: what inputs become what output?
EUREKA collection system: AI vision scans the seabed, distinguishes polymetallic nodules from marine life, robots selectively collect nodules.
Economics: what it saves and how it charges
UnverifiedPre-commercial: plans to produce and sell nodule-derived critical metals; publishes a Techno-Economic Analysis (TEA) but no revenue figures read.
Distribution: how it reaches customers
UnverifiedGovernment licensing/partnerships (BGR test in the CCZ, US congressional testimony) and offtake partners; no self-serve.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2022 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.