VELA Secures $43 Million to Launch Innovative Cargo Vessel
VELA Secures Funding for Groundbreaking Sailing Vessel
VELA, a pioneering French company committed to 100% wind-powered maritime transport, proudly announces a major funding round of €40 million (approximately $43 million USD). This strategic investment, led by key partners, marks a significant milestone in VELA's quest to transform the shipping industry.
Significance of the Investment
Michael Fernandez-Ferri, Managing Director and Chairman of VELA, highlighted the importance of this funding round. He emphasized that the collective ambition of their partners reflects a commitment to sustainability in maritime transport. This funding will empower VELA to commence the construction of its first vessel in collaboration with an esteemed Australian shipyard, strengthening operations both in France and the U.S.
Innovative Goals Addressing Climate Challenges
Since its inception in late 2022, VELA aims to tackle the pressing issue of climate change by providing innovative and socially responsible shipping solutions. Going beyond merely reducing carbon emissions, VELA puts a strong emphasis on social impact, ensuring that its seafarers benefit from French social protections, by operating under the French flag.
A Revolutionary Trimaran to Reshape Maritime Transport
With the planned launch of its state-of-the-art sailing cargo trimaran, VELA is set to revolutionize the maritime transport landscape. Dubbed “L’avion des Mers” or The Sea Plane, this vessel promises unprecedented transit times, reminiscent of air freight efficiencies. Incorporating advanced offshore racing technologies, it aims for transatlantic crossings in under 15 days, all while operating purely under sail.
High Standards and Client Requirements
The trimaran's cargo holds will be temperature-controlled, catering to the demands of clients from various high-value industries, including pharmaceuticals. This attention to detail ensures that sensitive products are transported safely, maintaining their integrity throughout the journey.
Support from Key Investors
Sabine Schimel from Crédit Mutuel Impact and Jeremy Pochman of 11th Hour Racing both expressed their pride in investing in VELA. They appreciate VELA’s innovative sail-based shipping technology and its alignment with broader environmental goals. Their support underscores the importance of innovation in reducing carbon emissions and fostering sustainable practices within the maritime sector.
Expertise Behind the Construction
In a competitive selection process, VELA partnered with Austal, a globally recognized shipyard known for its expertise in aluminum shipbuilding and multihull designs. The project ensures that ethical labor practices are upheld during the construction, with local French companies integrating their expertise in rigging, sails, and more.
Anticipated Operations
Turning its vision into reality, VELA plans to operate the first express maritime line connecting France to the East Coast of the U.S., expected to begin operations by 2026. This fast, secure, and eco-friendly route will cater to numerous sectors, providing a vital link for high-value goods.
Expansion and Future Prospects
The demand for sustainable transport solutions continues to grow. VELA aims to introduce at least four additional ships by 2027-2028, allowing for increased operational frequency. With departure ports in strategic locations, they are dedicated to providing decarbonized transport options that enhance service for their clients.
Frequently Asked Questions
What is VELA focused on regarding their new vessel?
VELA is dedicated to building a sustainable sailing cargo trimaran that utilizes wind power for eco-friendly transport.
How does VELA ensure social responsibility?
By committing to French social protections for its seafarers and focusing on the social impact of its operations.
What technologies are VELA incorporating?
VELA is adopting technologies from offshore racing to enhance the efficiency and reliability of its shipping services.
When will VELA's operations begin?
The company anticipates starting operations for its maritime line in the second half of 2026.
What industries will VELA serve?
VELA aims to support a range of industries, including pharmaceuticals, fashion, food, and high technology, with its innovative cargo solutions.
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