Farwind Energy develops Flettner rotors — large rotating cylinders that use the Magnus effect to convert wind into propulsive force for ships. The company has launched manufacture of its first rotor through its partner Loiretech. Farwind is noted as the only French firm offering this active vélique technology. It raised €10M to support its program, according to reporting. The company plans to commercialize its first rotors and secure initial commercial contracts in 2027. No revenue, user, or other operating metrics were disclosed in the article.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

May 2026