Wallaby Boats delivers first vessel

The BBA and other investors made the long-term development phase possible

Kiel, April 22th, 2024

Source: EnBW

 

Specialised vessels for technical personnel to be able to transfer to offshore facilities in rough seas – that was the aim of Wallaby Boats GmbH. Rappelling from a helicopter is expensive and difficult, and a transfer by ship fails if the swell is too high. However, the „Wallaby 18“ model can safely overcome waves up to 3 metres high thanks to a special suspension system. Like a catamaran, the 18-metre-long ship rests on two skids in the water. The upper platform is supported at the front and rear by a hydraulic system that equalises the swell. At the same time, it is more economical than previous transfer ships.

The development took nine years at the Kappeln-based companies Offcon and the spin-off Wallaby Boats. Federal Economics Minister Robert Habeck (Greens) and Schleswig-Holstein’s State Secretary for Economic Affairs Julia Carstens (CDU) were guests at the christening ceremony on 22 April 2024. „With the ‚Impulse‘, Wallaby Boats GmbH is proving as a start-up that young companies can bring innovative technologies to the market. I am particularly pleased that this new hull technology has been taken up in Schleswig-Holstein, implemented by Wallaby Boats and the Hitzler shipyard and realised with the help of a broad financial network in Schleswig-Holstein,“ said Carstens. The ship has already been sold to EnBW.

Since the founders of Wallaby Boats GmbH presented the project to Baltic Business Angels Schleswig-Holstein in October 2020, there have been many hurdles to overcome. With the help of Baltic Business Angel Achim Fölster, the team received approval for bank financing. Achim Fölster had invested in Wallaby Boats as part of a UG in February 2021. At the time, only the idea for the project existed. The UG investment was a prerequisite for the banks to finance the construction of the ship in July 2021. The next step was to find a shipyard with a medium-sized structure that had the confidence to take on this technically challenging project and could focus on the project. This was found with the Hitzler shipyard in Lauenburg.

However, the subsequent construction work proved to be extremely difficult and costly because the coronavirus pandemic meant that contractually agreed schedules could no longer be met and the cost of raw materials had multiplied due to the war in Ukraine, or raw materials were no longer available at all. This difficult phase could only be overcome with additional financial commitment from the shareholders and banks as well as a high level of personal management commitment from everyone involved. „This is a project that requires both wings of a business angel: Capital and personal commitment!“ emphasises Achim Fölster. The state of Schleswig-Holstein and WTSH GmbH have also invested in the project.

The final tests are currently being carried out and EnBW expects to put the boat into operation in mid-May as the world’s first SECTV (Suspension Equipped Crew Transfer Vessel) for wind farms in the Baltic Sea. Wallaby Boats GmbH expects that, following successful testing, EnBW and other international offshore wind farm operators, salmon farms, pilot transfer boat operators, etc. will be interested in the boats. The company expects EnBW and other international offshore wind farm operators, salmon farms, pilot transfer boat operators, etc. to show interest in the boats – four different models are planned.

Looking back

© 2023 Baltic Business Angels Schleswig-Holstein

en_GBEN
Ein lächelnder Mann mit Brille und Bart in Anzug, vor hellem Hintergrund.

Claus Ruhe Madsen

Vorstandsmitglied und Minister für Wirtschaft, Verkehr, Arbeit, Technologie und Tourismus des Landes Schleswig-Holstein​

Claus Ruhe Madsen has been Minister for Economic Affairs, Transport, Labour, Technology and Tourism since 29 June 2022. He was born in Copenhagen on 27 August 1972; he is married and has one daughter.

Lächelnde Frau mit blonden Haaren, die in einem hellblauen Blazer vor einem modernen Hintergrund steht.

Norma Jensen

Commercial Officer

Männlicher Geschäftsmann mit Brille, Anzug und Krawatte, lächelt vor einem unscharfen Hintergrund.

Claas Nieraad

2. Vorsitzender & Screening Officer,
Next Logistics Accelerator GmbH

Claas begann seine Karriere in der Old Economy bei „AEG und Electrolux Group“, wo er seine Leidenschaft für aufstrebende Industrien entdeckte. Das ist es, was ihn bis heute antreibt. Nachdem er bei „American Heritage Management Corp.“ an der Wall Street war und in den 1990er Jahren an den ersten internetbasierten Börsengängen teilnahm, wurde seine Leidenschaft für Technik und disruptive Technologien immer stärker. Er ist Mitgründer von „New Commercial Room“, einem VC-Unternehmen mit Sitz in Hamburg, mit dem er ein Portfolio von High-Tech-Wachstumsunternehmen verwaltet, das von medizinischen Geräten über Medien bis hin zu SaaS, IT und Cybersecurity reicht. Als Angel Investor investierte er sowohl privat in Unternehmen als auch mit dem „btov Investor-Network“. Er betreut aktiv zahlreiche deutsche StartUps, Accelerator-Programme und ist Scout im Norden für den „High-Tech Gründerfonds“ (HTGF). Dadurch hat er Zugang zu erstklassigem internationalen Deal Flow und Investoren. Darüber hinaus hat Claas mehrere Aufsichtsratspositionen inne und ist Live-Musiker mit der „Soul Lounge Connection“.

Ein Mann mit Brille und lächelndem Gesicht, trägt einen dunklen Pullover über einem Hemd.

Julian von Hassell

1. Chairman

As a serial entrepreneur, investor and business angel, Julian has been involved in the German start-up and venture capital scene since 2003. He focuses on helping selected early-stage start-ups and their founders to turn their ambitions into reality. Investments are typically made in early-stage B2B technology companies with an initial track record. Julian’s current focus is on Industrial IoT, data analytics, B2B platform tools, e-health and 3D. He is particularly keen on spin-offs originating from research foundations and organisations or technical universities, but is also open to other opportunities. The best way to find out more about Julian is to visit his Website and here in the Interview.