Smart Green Shipping (SGS) develops and supplies wind-assisted propulsion technology aimed at helping the commercial shipping industry reduce fuel use and greenhouse-gas emissions. Positioned as a “wind-as-a-service” provider, the company focuses on practical, near-term solutions that can be retrofitted to large sections of the existing global fleet. The firm’s model addresses growing regulatory and market pressure on ship operators to decarbonise operations. SGS is currently seeking additional capital to accelerate commercial deployment of its technology. Its latest funding initiative has garnered interest from both existing backers and new investors, signalling increasing confidence in wind-assisted propulsion as a viable decarbonisation tool. Financial or operating metrics such as revenue, installed units, or fleet partnerships were not disclosed in the article.

Total raised

$5M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2024