{"id":90349,"date":"2024-03-22T00:00:00","date_gmt":"2024-03-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-based-sustainable-sailing-club-secures-usd-1-mn-in-pre-seed-funding\/"},"modified":"2024-03-22T00:00:00","modified_gmt":"2024-03-22T00:00:00","slug":"dubai-based-sustainable-sailing-club-secures-usd-1-mn-in-pre-seed-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/22\/dubai-based-sustainable-sailing-club-secures-usd-1-mn-in-pre-seed-funding\/","title":{"rendered":"Dubai-based sustainable sailing club secures USD 1 mn in pre-seed funding"},"content":{"rendered":"<p class=\"tag-border-left\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based sustainable sailing club Wind Rises secured USD 1 mn in pre-seed funding<font face=\"Arial\">&nbsp;<\/font><\/strong>from angel investors, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/wind-rises-secured-1mln-to-bolster-sustainability-in-mena-yachting-industry-hp71g5fu\" style=\"\" rel=\"noopener\">press release<\/a>. The investment will be used to expand the fleet, improve services, offer lessons and local races, expand the community, and open a second location in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Wind Rises:<\/strong> Wind Rises, an eco-friendly club utilizing wind and water-powered boats with 10 emission-free keelboats, aims to cultivate vibrant sailing communities while lessening environmental harm. It has attracted over 1k visitors in Dubai since its 2023 launch, aiming to make sailing more accessible with affordable experiences.<\/p>\n<p class=\"tag-border-left\">SUSTAINABILITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based decarbonization firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.positivezero.com\/\" style=\"\" rel=\"noopener\">Positive Zero<\/a><\/strong><strong> and France\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.se.com\/en\/\" style=\"\" rel=\"noopener\">Schneider Electric<\/a><\/strong><strong>will ramp up the adoption of clean energy technologies in the UAE and Oman<\/strong>, after inking an MoU, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1999.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The agreement will see the two companies cooperate on distributed microgrid projects, clean mobility solutions, energy efficiency, and sustainability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast facts:<\/strong> The global energy-as-a-service market is expected to cross USD 112 bn by 2030 on the back of a heightened adoption of distributed energy resources and green solutions, the press release adds, citing SkyQuest Technology. American multinational investment firm BlackRock pledged a USD 400 mn investment in Positive Zero in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d622b5a7-d1f6-4bfd-ab03-8b259bb03999\/blackrock-to-invest-usd-400-mn-in-dubai-decarbonization-firm\" style=\"\" rel=\"noopener\">December 2023<\/a>.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World opens five new offices in Egypt:<\/strong> Emirati port operator DP World has set up five offices across Egypt, in Cairo, Alexandria, Cairo Airport, Sokhna, and Beni Suef, according to a statement picked up by <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/03\/20\/1776853\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The company has plans to set up more offices in Egypt in the coming months in response to a growing market in Egypt for logistics services, said DP\u2019s Egypt country manager Urs Moll said in the statement.<\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fils is integrating KSA\u2019s Cashin to its network of merchants:<\/strong> Saudi-based merchant platform <a target=\"_blank\" href=\"https:\/\/www.cashin.sa\/\" style=\"\" rel=\"noopener\">Cashin<\/a> has partnered with Dubai-based software development company <a target=\"_blank\" href=\"https:\/\/filsnow.com\/\" style=\"\" rel=\"noopener\">Fils<\/a> to integrate Fils\u2019 payments platform into Cashin\u2019s network of merchants in Saudi Arabia, a <a target=\"_blank\" href=\"https:\/\/filsnow.com\/news\/cashin-ksa-and-fils-join-forces-to-accelerate-sustainability-in-payment-solutions-across-saudi-arabia\/\" style=\"\" rel=\"noopener\">press release<\/a> reads.<\/p>\n<p class=\"tag-border-left\">GAMING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mobile game publisher <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tamatem.co\/\" style=\"\" rel=\"noopener\">Tamatem Games<\/a><\/strong><strong> is relocating its headquarters to Abu<\/strong><strong> Dhabi<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/abu-dhabi-investment-office-partners-with-tamatem-games-to-expand-emirates-gaming-ecosystem\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The Jordan-based company will employ 40 people at its Abu Dhabi office, the statement reads. <\/p>\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&amp; + Ooredoo to connect UAE-Qatar data centers: <\/strong>Telecoms giant <a target=\"_blank\" href=\"https:\/\/eand.com\/\" style=\"\" rel=\"noopener\">e&amp;<\/a> will partner with Qatar\u2019s <a target=\"_blank\" href=\"https:\/\/www.ooredoo.com\/\" style=\"\" rel=\"noopener\">Ooredoo Group<\/a> to land the Gulf Gateway Cable system, linking data centers in Abu Dhabi with those in Doha, according to a <a target=\"_blank\" href=\"https:\/\/www.ooredoo.com\/en\/media\/news_view\/ooredoo-group-and-e-modernise-submarine-network-in-the-middle-east-with-the-launch-of-gulf-gateway-cable-1-ggc1\/\" style=\"\" rel=\"noopener\">press release<\/a>. The system will improve data connectivity in the two capital cities, providing both telco customers with high-speed internet services that can go up to 28 terabits per second \u201cwith optimal cost and power efficiency per bit.\u201d<\/p>\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bayanat arm to help develop India\u2019s unmanned pseudo satellites: <\/strong>Mira Aerospace \u2014 a JV between geospatial services provider <a target=\"_blank\" href=\"https:\/\/www.bayanat.ai\/\" style=\"\" rel=\"noopener\">Bayanat<\/a> and unmanned system developer <a target=\"_blank\" href=\"https:\/\/www.uavos.com\/\" style=\"\" rel=\"noopener\">UAVOS<\/a> \u2014 will collaborate with Indian aerospace firm <a target=\"_blank\" href=\"https:\/\/vedaaero.com\/\" style=\"\" rel=\"noopener\">VEDA Aeronautics<\/a> to develop high altitude pseudo-satellites (HAPS) for the Indian market, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mira-aerospace-and-veda-aeronautics-collaborate-to-bring-advanced-haps-solutions-to-india-sqk2qcvh\" style=\"\" rel=\"noopener\">press release<\/a>. The HAPS platform is set to be delivered by 1H 2024 and will be offered to both the military and civilian markets in India. The satellites are expected to operate at an altitude of 18 km for a minimum of 30-45 days and will initially be deployed over the Indian borders to monitor them. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>High-altitude pseudo-satellites are unmanned flying aircraft systems, typically powered by solar energy. The aircraft are developed to serve as high-altitude surveillance and communications platforms.<\/p>\n<p class=\"tag-border-left\">INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Yamuna Densons pours AED 35 mn into RAK-based facility expansion:<\/strong> Indian power cable joining kits manufacturer <a target=\"_blank\" href=\"https:\/\/www.alyamunadensons.ae\/\" style=\"\" rel=\"noopener\">Al Yamuna Densons<\/a> is investing AED 35 mn to up the total area of its facility in Ras Al Khaimah\u2019s Al Hamra Industrial Zone to 15k sqm by May, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b297vaf-yamuna-densons-invests-aed35-million-rak-based\" style=\"\" rel=\"noopener\">Wam<\/a>. The investment includes AED 20 mn for construction and AED 15 mn for machinery. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Positive Zero and Schneider Electric to ramp up adoption of clean energy technologies in UAE and Oman<\/p>\n","protected":false},"author":1,"featured_media":90350,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,306,244,7,79,1342,99,147,339,438],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-dp-world","tag-enterpriseam-uae","tag-fintech","tag-investment","tag-logistics","tag-startups","tag-sustainability","tag-telecoms","wpautop","entry"],"acf":{"mongo_id":"3fba6a81-da41-437c-8e59-636646298b3d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2020.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai-based sustainable sailing club secures USD 1 mn in pre-seed funding","related_issue":[90325],"teaser":"PLUS: Positive Zero and Schneider Electric to ramp up adoption of clean energy technologies in UAE and Oman","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.ee5bffdf-95f8-43fd-a500-905f9f964ecf.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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