GT Wings raises over £1 million in equity funding to accelerate growth and meet rising demand for wind propulsion technology in the commercial shipping sector.
Information on the Target
GT Wings is a leading innovator in wind propulsion technology specifically designed for the commercial shipping sector. The company has developed the AirWing™, a state-of-the-art wingsail that enhances fuel efficiency and reduces carbon emissions, thereby supporting sustainable practices in maritime operations. With a clear commitment to environmental stewardship, GT Wings aims to transform the shipping industry and contribute to the global effort towards decarbonization.
On December 20, 2024, GT Wings successfully concluded a new equity round, raising over £1 million. This funding consists of £500k from Blackfinch Ventures and an additional £500k from various investment angels sourced by Sustainable Times and the existing shareholder, OnePlanetCapital. The capital raised will facilitate the expansion of GT Wings' workforce, bolster marketing initiatives, and support the development of enhanced versions of the AirWing™ product.
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Industry Overview
The commercial shipping industry is undergoing significant transformation as it faces mounting pressure to reduce greenhouse gas emissions. In recent years, there has been a growing trend towards adopting innovative technolog
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Blackfinch Ventures
invested in
GT Wings
in 2024
in a Series A deal
Disclosed details
Transaction Size: $1M