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bound4blue
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Short description

Developer of wingsails to reduce fuel consumption and CO2 emissions of large vessels

Founded in 2014
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector maritime

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Spain Rubí, Spain
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Updated by Cristina Aleixendri at bound4blue on 11/05/2014

Edited by Cleantech Group on 09/14/2023

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Date Company
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Date Partner Type
11/11/2024
Maersk Maersk
Bound4Blue will install 20 systems across five medium-range tankers
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Confirmed by Maersk
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IPO INFORMATION

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Description

Date Investors Type Amount
09/08/2023 GTT Strategic Ventures GTT Strategic Ventures , European Innovation Council (EIC) European Innovation Council (EIC) , Shift4Good Shift4Good , Louis Dreyfus Company Louis Dreyfus Company , Sustainable Ocean Alliance Sustainable Ocean Alliance , Sun Returns Sun Returns , Kai Capital Kai Capital , Ocean Born Foundation Ocean Born Foundation , CDTI-Centro Para El Desarrollo Technologico Industrial CDTI-Centro Para El Desarrollo Technologico Industrial (9)
Post-money valuation of
Funding will support commercial roll out of suction sail system.
Series A $17,010,000
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Products
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Wing sails for the production of clean & cost-efficient hydrogen

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