GTT raises wind propulsion funds


GTT’s venture capital arm has completed a funding round to support the development of automated wind-assisted propulsion systems

With input from the European Innovation Council, Louis Dreyfus Company Ventures and Shift4Good, GTT Strategic Ventures has raised €15.9 million to support rigid sail manufacturer, bound4blue.

bound4blue manufacturers suction sails which can reduce fuel consumption by up to 30%

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