Avolta is proud to have advised VELA – Sail For Goods on its €40M fundraising.
VELA – Sail For Goods, a French start-up pioneering 100% sail-powered maritime transport, has successfully raised €40 million in a major financing round, in collaboration with Magellan Asset Finance.
This strategic transaction, combining equity and bank debt, represents a significant milestone in VELA’s growth, enabling the company to officially begin the construction of its first vessel. The funds will also be used to strengthen its commercial and operational teams in France and the United States. Key investors in this round include: Révolution Environnementale et Solidaire fund, financed by the societal dividend of Crédit Mutuel Alliance Fédérale and managed by Crédit Mutuel Impact. – Bpifrance’s maritime decarbonization fund. – 11th Hour Racing foundation, supporting ocean conservation initiatives – Regional investors such as NORMANDIE LITTORAL and Normandie Participations – Private investors like Benoist Grossmann (Managing Partner at Eurazeo) and Pascal Marty (Co-founder of Atlante Gestion).
This financing allows VELA – Sail For Goods to accelerate its mission of transforming maritime freight with sustainable, wind-powered cargo ships that provide a cleaner and more efficient alternative for global shipping. Congratulations to the VELA team Michael Fernandez-Ferri on this milestone, and a big thank you to the investors for their trust and support!
