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Scots Underwater Robotics Firm Gets 7-figure Funding Boost

Thom Carter

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scots underwater robotics firm gets seven figure funding boost
“HonuWorx is ideally placed to exploit the vast global opportunities presented by the evolving underwater energy sector with its pioneering, low-emissions technology,” said Scottish Enterprise’s Kerry Sharp.

Scottish underwater robotics company HonuWorx has received a seven-figure funding boost.

Based in Aberdeen, the robotics business creates autonomous, all-electric submarines to help cut costs and emissions for offshore repair and maintenance work.

The latest investment into the firm was led by Scottish angel syndicate TRICAPITAL, as well as national economic development agency Scottish Enterprise and existing investor UK Innovation and Science Seed Fund (UKI2S).

The investment into HonuWorx comes amid plans to triple its current workforce of 12 in the next three years, as well as target more than £30 million in further investment.

With its fleet of “Loggerhead” submarine systems, remotely-operated vehicles (ROVs) are deployed and then controlled by onshore operators, thereby reducing costs for subsea repair and inspection efforts.

Further, by replacing heavily-crewed vehicles, the system can remove the equivalent emissions of 4,000 cars per vessel displaced.

“We look forward to working with TRICAPITAL and Scottish Enterprise and to have the continued backing of UKI2S in our journey to change the game for underwater robotics,” said Lee Wilson, chief executive of HonuWorx.

“We’re building on decades of pioneering subsea advancements out of our home-base of Aberdeen, and we look forward to offering new investors the chance to join us later this year.”

Moray Martin, chief executive officer at TRICAPITAL, also commented: “We see the huge potential for this technology across a number of sectors, including oil and gas, offshore wind and defence.

“That diversity of customer base – together with its ability to reduce costs, save lives and reduce emissions for its customers – positions HonuWorx immediately as a high-growth potential company with the opportunity to set a new standard in subsea robotics.”


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Director of entrepreneurship and investment at Scottish Enterprise, Kerry Sharp, further added: “HonuWorx is ideally placed to exploit the vast global opportunities presented by the evolving underwater energy sector with its pioneering, low-emissions technology.

“The energy transition has been identified within our new approach as a key opportunity area for the Scottish economy and supply chain companies such as HonuWorx will be vital to its success.”

Thom Carter

Staff Writer, DIGIT

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