Bound4Blue
Funding Stage: Mid stage
Country: Spain
Award: Participant
"Autonomous wind propulsion for ships"
bound4blue, founded in 2014, develops automated wind-assisted propulsion systems to help shipowners reduce fuel costs and emissions. Their eSAIL® technology is fully autonomous, low-maintenance, and easy to install, making it the most cost-efficient wind propulsion solution on the market. With headquarters in Cantabria, Spain, and offices in Barcelona and Singapore, bound4blue has installed eSAIL® on three ships and signed agreements with major partners like Louis Dreyfus Armateurs and Marubeni Corporation. The company, with a team of 32, is expanding production capacity to meet growing demand and investing in R&D to enhance their solutions for various ship segments. They seek buyers, partners, investors, and end-users in the maritime sector. Supported by public funding from the EU, Spain, and Cantabria, bound4blue’s technology helps reduce fuel use, emissions, and ensures compliance with maritime regulations such as EEXI and CII.