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bound4blue logo — Suction sails for vessels - Increase profits and drive decar...

bound4blue

Suction sails for vessels - Increase profits and drive decarbonisation

Founded 2014 Spain Spain 77 employees Series A Total: $27.90M Renewable Energy

General Information

Company Name bound4blue
Founded Year 2014
Location Spain Spain +4
Founders / Decision Makers
Cristina Aleixendri Munoz — COO & Co-Founder
Employees 77
Industries Renewable Energy
Funding Stage Series A
Social

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About 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.

Taxonomy: Renewable energy, Maritime, Wind propulsion, Fuel efficiency, Emissions reduction, Autonomous technology, Sustainable shipping, Shipowners, Shipping companies, Turnkey solution, Decarbonisation, Renewable energy sector, Vessel propulsion, Sustainable transportation, Global shipping

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series A €15.90M 9
Ocean Solutions Accelerator European Innovation Council GTT Strategic Ventures Shift4Good Ocean Born Foundation SUN RETURNS Kai Capital Markets
Louis Dreyfus Company, Centre for the Development of Industrial Technology (CDTI) 		06 Sep 2023
Grant €4.10M 1 European Commission 01 Jan 2022
Venture Round $5.00M - 01 Jul 2021
Grant €2.40M 1
European Innovation Council
16 Jun 2021
Grant €500.00K 1
EIT Climate-KIC
01 Aug 2020

Latest News

View All
Shift4Good’s first fund closes at €220 million to drive sustainable transportation solutions — Eu-startups
Shift4Good’s first fund closes at €220 million to drive sustainable transportation solutions
Eu-startups Jan 27, 2025
Cosmic rays, XR, and ‘multiverse’ quantum computing — welcome to EIC’s deeptech Scaling Club — Thenextweb
Cosmic rays, XR, and ‘multiverse’ quantum computing — welcome to EIC’s deeptech Scaling Club
Thenextweb Nov 23, 2025

bound4blue Alternatives & Competitors

bound4blue vs
OceanWings
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bound4blue vs
OCEANERGY AG
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bound4blue vs
Praxis Automation Technology
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FAQ About bound4blue

Suction sails for vessels - Increase profits and drive decarbonisation
bound4blue was founded in 2014.
bound4blue is headquartered in Spain.
bound4blue operates in the following industries: Renewable Energy.
bound4blue has approximately 77 employees.
bound4blue has completed 5 funding rounds, raising a total of $27.90M. The latest funding stage is Series A.
Top alternatives and competitors to bound4blue include OceanWings, OCEANERGY AG, Praxis Automation Technology, SEATOM Technologies, Econowind. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
bound4blue and OceanWings are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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