VELA – Sail For Goods has successfully raised €40 million to fund the construction of its first 100% sail-powered vessel and enhance its operational capabilities, supported by a group of committed investors focused on sustainable maritime transport.
Target Information
VELA – Sail For Goods is an innovative start-up based in France, specializing in 100% sail-powered maritime transport. The company has successfully raised €40 million in a significant funding round, which will facilitate the construction of its first vessel.
The recent capital influx is also earmarked for enhancing VELA's commercial and operational teams, expanding their presence in both France and the United States. This fundraising effort is a milestone in their journey toward revolutionizing the shipping industry.
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Industry Overview
The maritime transport industry is undergoing a radical transformation, spurred by the urgent need for decarbonization and the adoption of susta
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Avolta
invested in
VELA – Sail For Goods
in 2024
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $43M