Voltic is building solar-powered ships with the aim of fully powering the shipping industry via solar energy. The founding team launched the company after living together at MIT and built an initial prototype tugboat powered entirely by solar panels. The company highlights that solar-powered cargo ships could eliminate 2.2% of global CO2 production and reduce shipping costs by 50–75% depending on route. Voltic is led by CEO and cofounder Prosser Cathey and was founded in May 2022. The company has received $500,000 in funding from accelerator Y Combinator and projects $750,000 in revenue in 2024. Future plans focus on scaling solar-powered cargo vessels to decarbonize maritime transport and capture the potential cost savings.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024