# Ayro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ayro

- Industry: Industrial Machinery
- Headquarters: Paris, France
- Website: www.ayro.fr/
- Total disclosed funding: $20M
- Latest round: Series B (Sep 26, 2023)
- Investors on record: 7

## About

Based in Paris, France, and founded in 2018 by Marc Peteghem, Ayro SAS operates as a manufacturing company that develops Oceanwings to help ship industries lessen their carbon emissions and save fuels. In September 2023, Ayro SAS raised EUR 19.2 million in series B funding led by Blue Oceans Partners, with participation from AmInvest, Colam Impact, etc.

AYRO is a company that develops and manufactures wind propulsion systems for ships. The company's mission is to help the shipping industry reduce its carbon footprint by enabling lower emissions for all types and sizes of ships. The company's wind propulsion systems, called Oceanwings, are designed to be installed on existing ships and newbuilds that can reduce fuel consumption and CO2 emissions by up to 45%.

The company plans to use the September 2023 funding to support its growth.

## Funding rounds

- Series B, Sep 26, 2023, $20M — SWEN Capital Partners, Bpifrance, Normandie Participations, Colam Entreprendre, SWEN BLUE OCEAN, Normandie Littoral, Ocean Zero, LLC

## Investors

- SWEN Capital Partners (https://capitalatlas.ai/funds/swen-capital-partners) — Series B
- Bpifrance — Series B
- Normandie Participations — Series B
- Colam Entreprendre — Series B
- SWEN BLUE OCEAN — Series B
- Normandie Littoral (https://capitalatlas.ai/funds/normandie-littoral) — Series B
- Ocean Zero, LLC — Series B