Kuala Lumpur: Motion Ventures has unveiled its US$100 million second fund (Motion Ventures Fund II or ‘Fund II’), marking it as the largest maritime-focused tech fund to date.

According to BERNAMA News Agency, Motion Ventures launched this initiative with the belief that the maritime industry is entering a transformative era. This new era is characterized by the convergence of technology, capital, and industry collaboration, which aims to redefine the sector’s future trajectory. In recent times, digitalisation and decarbonisation have shifted from mere concepts to become industry imperatives.

Shaun Hon, Founder and General Partner of Motion Ventures, emphasized that Fund II is not merely about providing larger financial contributions. Instead, it aims to unite the right founders, corporate leaders, and strategic allies to accelerate a sector-wide transformation. The goal is to ensure that solutions can be tested, adopted, and scaled more rapidly than ever before, facilitating an industry-wide shift towards modernisation and sustainability.