Ayro, a Paris, France-based manufacturer of a wingsail solution for cargo ships and yachts, raised €19M in Series B funding.
The round, which brought the total amount to $30M, was led by Blue Ocean, managed by SWEN Capital Partners. Ocean Zero and Bpifrance, through its Ecotechnology 2 fund, AmInvest, Colam Impact, Normandie Participations, Normandie Littoral and FCPI Capital Innovant n°2 (managed by SWEN Capital Partners) also participated. Christian Lim, Managing Director of Blue Ocean, will join the board of AYRO
The company intends to use the funds to expand operations and its business reach.
Founded in 2018 by Marc Van Peteghem, and led by CEO Emmanuel Schalit, Ayro designs and manufactures the OceanWings® wingsail solution for cargo ships and yachts. The concept was perfected with prototypes and demonstrators such as the Energy Observer zero emission Catamaran which verified the wingsail design over years and across oceans. The new generation of OceanWings® empowering Canopée represents a scale (40 meters high / 363 m2), ease of use (OceanWings® are fully automated) and maturity of the solution.
FinSMEs
26/09/2023