bound4blue

Bound4Blue is a renewable energy startup that specializes in developing automated wind-assisted propulsion systems for ships. Founded in 2014 in Spain, the company's slogan "Suction sails for vessels - Increase profits and drive decarbonisation" encapsulates their core mission. Their flagship product, the eSAIL® system, has been installed on three ships and has garnered interest from prominent shipping companies such as Marubeni Corporation, Odfjell, and Louis Dreyfus Armateurs. The eSAIL® system is engineered to significantly reduce fuel costs and polluting emissions for various types of vessels, including Tankers, Bulkers, Ro-Ros, Cruises, Ferries, Gas Carriers, and General Cargo vessels, irrespective of their size or age. This cutting-edge technology is acclaimed for its autonomy, low maintenance, and seamless onboard installation, making it the most cost-efficient wind propulsion solution available today. In September 2023, Bound4Blue secured a substantial €15.90M Series A investment led by a consortium of investors such as Ocean Solutions Accelerator, CDTI, The European Innovation Council, GTT Strategic Ventures, Shift4Good, Ocean Born Foundation, SUN RETURNS, Kai Capital Markets, and Louis Dreyfus Company. This investment attests to the confidence of industry players in Bound4Blue's innovative approach and highlights the growing interest in sustainable solutions within the maritime sector.