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OceanWings

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Automated wind propulsion wings for decarbonizing shipping.

Paris, FranceFounded 2018Transportation
Valuation $50–100M Last recorded · 2023
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About OceanWings

OceanWings, which rebranded from its former name AYRO in June 2024, develops and manufactures wind-assisted propulsion systems for the global shipping industry. The company was established in 2018 as a spin-off from the distinguished French naval architecture firm VPLP Design. The firm's co-founders are Marc Van Peteghem, Nicolas Sdez, and Romain Grandsart. The technological foundation of OceanWings stems from VPLP's work in competitive sailing, specifically the design of the rigid wingsail that propelled the BMW Oracle Racing Team to victory in the 2010 America's Cup. The founders adapted this high-performance racing technology for the commercial shipping market, aiming to address the sector's need to reduce fuel consumption and emissions.

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The company’s core product is the OceanWings® system, a set of fully automated, reefable, and rotatable rigid wingsails that capture wind energy to provide thrust, thereby reducing the load on a vessel's main engines. The patented design features a 'two-flap variable camber' which has proven to deliver significant fuel savings across various operational conditions. The systems are engineered for minimal crew intervention and include a safety feature known as "flag mode," which automatically secures the wings in extreme weather. OceanWings offers a modular product range, including semi-rigid and rigid sails made from durable composite materials, with options like tilting mechanisms to meet air draft clearance and elevator systems for container ships.

OceanWings targets shipowners and operators across multiple segments, including tankers, bulk carriers, Ro-Ro vessels, and cruise ships, offering solutions for both newbuilds and retrofits. The business model is centered on designing, manufacturing, and selling these systems to a market under increasing pressure from rising fuel costs and tightening environmental regulations. A prominent commercial application is the vessel *Canopée*, a cargo ship designed to transport components for the Ariane 6 space rocket. Launched in 2023 and equipped with four 363 m² wingsails, *Canopée* has demonstrated fuel consumption reductions of up to 42% and has achieved 99.6% availability over two years of service. The company has also secured numerous Approvals in Principle (AiP) from major maritime classification societies such as DNV, ClassNK, and Bureau Veritas, validating the system's design and safety for broader industry adoption.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Paris, France
Employees
86
Open positions
None listed
Dealroom signal
77.8/100
Sub-industry
Clean Energy, Mobility, Vehicle Production
Sector
Transportation, Wind Energy, Sustainable Development Goals, Maritime, Climate Tech, Blue Economy, Marine Transportation, Renewable Energy
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC Sep 2023 $21M $84M AmInvest · Bpifrance · Normandie Participations · Ocean Zero ↗
EARLY VC✓Equity / VC Sep 2021 $12M $46M Blueprint Partners · MER Invest · Ocean Zero · Bpifrance —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

OceanWings website traffic

Latest recorded traffic for OceanWings is 1.8K monthly website visits, up 650% over the last three months. OceanWings's team grew 4.9% over the past year.

Latest monthly visits1.8K 3-month web change+650% 1-year team growth+4.9%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A10 investors entered at this stage

  • Blueprint Partners
  • MER Invest
  • Ocean Zero
  • Bpifrance
  • SWEN Capital Partners
  • Blue Oceans Partners
  • AmInvest
  • Normandie Participations
  • Normandie Littoral
  • Colam Impact

Other known investors3 additional known investors

  • HEC Paris
  • HEC Paris Incubator
  • Sébastien Fiedorow
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇫🇷 France91.9%
🇨🇭 Switzerland1.6%
🇺🇸 United States1.6%
🇮🇹 Italy1.6%
🇸🇬 Singapore1.6%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about OceanWings on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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