• Candela

  Participated · Series B · Mar 2024

  Candela builds electric hydrofoiling vessels, including its flagship P-12 ferry, which the company says consumes up to 80% less energy than conventional ferries and offers faster travel times due to hydrofoiling. The company highlights significantly lower operating costs and reduced maintenance requirements because of fewer moving parts, along with near-silent operation and minimal wake. Candela reported 65 vessels on order from customers across Europe, North America, and other regions, demonstrating growing commercial traction. Following the recent €30 million funding round, the company plans to scale manufacturing capacity, strengthen its supply chain, expand into new international markets, and broaden partnerships with operators and municipalities. Candela is also focused on continued refinement and commercialization of its hydrofoiling technology to accelerate adoption of electric maritime transport.

• AYRO

  Participated · Series B · Sep 2023

  AYRO designs, manufactures and markets OceanWings®, a fully automated rigid wingsail solution for cargo ships and yachts, to cut fossil fuel use and CO2 emissions. The company’s latest OceanWings® generation is a major step up in scale (40 meters high / 363 m2) and maturity, proven with prototypes and demonstrators such as the Energy Observer. In July AYRO installed four OceanWings® 363 on the Canopée, a vessel dedicated to transporting Ariane 6 components, enabling a reported ~30% reduction in fuel consumption and CO2 emissions on its route. AYRO was founded in 2018 by Marc Van Peteghem and leverages wingsail design expertise from VPLP and America’s Cup technology. The company is positioning to scale its wind-propulsion solution and become a global leader in maritime decarbonization. Financially, AYRO closed a €19.2M Series B round, bringing total funding to over €30M.

• ZEN Yachts

  Led · Series A · Mar 2023

  Zen Yachts designs and builds the ZEN50, an exploration-oriented, ocean-going solar-electric catamaran crafted from carbon fiber and engineered for continuous operation without fossil fuels. The ZEN50 pairs extensive solar capability with a wind propulsion system provided by partner AYRO, allowing the company to claim unlimited range and 24/7/365 operation with zero emissions. The company reports that the first four ZEN50 production slots have already been reserved, with prices ranging from $1.5 million up to £2.6 million, indicating early commercial traction. Zen Yachts positions itself in the recreational and maritime-decabonisation market and emphasizes immediate deployability of its technology. Financially, the company has just closed a Series A round, which the team says will support the next phase of the business. Quotes from Ocean Zero underline the urgent need for boat electrification and the market opportunity identified by investors.

• Flux Marine

  Led · Series A · Mar 2022

  Flux Marine is a Bristol, Rhode Island–based marine propulsion company focused on advancing electric outboard motors and integrated battery systems. Its product portfolio features a fully commercialized 115-horsepower electric outboard paired with a modular battery pack. The company’s modular powertrain architecture fits a broad range of hulls, enabling partners such as Scout Boats, Highfield, Flagship Pontoons, Hyfoil, and Zodiac to introduce electric boat packages quickly. Aimed at both recreational and commercial markets, Flux Marine’s technology offers a cleaner, quieter alternative to traditional gasoline engines. Since 2020, the company has raised more than $30 million in total funding. The latest capital will be applied to scaling outboard production and expanding sales of its core technology.

No current team members are available.