Ayro and Blue Ocean Fund join forces
Ayro, the creator of the Oceanwings wingsail system and provider of wind powered decarbonation solutions for the maritime sector, has successfully closed a EUR 19.2 million (USD 21 million) Series B funding round led by Blue Ocean. This brings the total funding for Ayro to over EUR 30 million.
Existing investors Ocean Zero and Bpifrance, along with new investors like AmInvest, Colam Impact, Normandie Participations, Normandie Littoral, and FCPI Capital Innovant n°2 managed by Swen Capital Partners, participated in the round. Emmanuel Schalit has been named CEO of Ayro.
The maritime industry is under pressure to reduce emissions, with 2023 being the warmest year on record for the planet and shipping expected to account for up to 17% of human CO2 emissions by 2050.
Ayro's Oceanwings windsail technology offers a sustainable solution, and it has already demonstrated significant fuel consumption and CO2 emission reductions on vessels like the “Canopée”. (pb)