BetterSea operates a plug‑and‑play online marketplace where ship owners, charterers, fleet managers, fuel suppliers, traders, and brokers can pool, buy, or sell surplus FuelEU Maritime compliance balances in a legally protected, risk‑free environment. The platform integrates via APIs with verifiers and vessel systems, offers pay‑per‑transaction pricing with no subscription fees, and provides expert support to help users lower compliance costs and avoid penalties.
Funding
$145K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Shipping companies must meet the EU FuelEU Maritime regulation, which requires tracking the well‑to‑wake greenhouse‑gas intensity of fuel used on vessels. Non‑compliance incurs penalties of up to €2,400 per tonne of conventional fuel, and managing surplus compliance balances through pooling, banking, or borrowing is complex and risky.
Solution
BetterSea provides a plug‑and‑play online marketplace that enables ship owners, charterers, managers, fuel suppliers, traders, and brokers to pool, buy, or sell surplus compliance balances in a legally protected environment. The platform integrates via APIs with verifiers and vessel systems, allowing internal, peer‑to‑peer, or external pooling with full transparency and shared responsibility across stakeholders. Transactions are risk‑free, with no subscription or upfront fees, and include up to 30 hours of expert support per customer to guide contract formation and data alignment. By turning regulatory obligations into tradable assets, BetterSea helps users lower compliance costs—up to 50 % versus direct biofuel purchases and up to 60 % versus external pooling—while avoiding penalties and fraud. The marketplace also offers a free calculator to model cost savings for specific use cases.
Target Audience
Primary customers are ship owners, charterers, and fleet managers who need to meet FuelEU Maritime obligations, as well as fuel suppliers, traders, and brokers seeking to monetize surplus compliance balances.
Features
- Marketplace for surplus compliance balances with legally sound contracts and transaction protection
- API integrations with fuel verifiers, vessel data systems, and external partners for seamless data exchange
- Multiple user roles and shared compliance responsibility across owners, charterers, managers, and suppliers
- No subscription or upfront fees; risk‑free participation with pay‑per‑transaction pricing
- Expert support (up to 30 hours per customer) for pooling agreements, liability management, and regulatory reporting
- Real‑time pricing insights and a free calculator to estimate cost reductions from pooling or biofuel purchases
- Transparent deadline tracking and compliance reporting tools aligned with the FuelEU Database requirements