Magellan Asset Finance supported VELA - Sail for Goods in its €40 million fundraising by structuring a tax lease financing. This strategic operation, in partnership with Avolta, combining equity and tax lease financing, is a major step in Vela's growth, enabling it to officially launch the construction of its first ship. VELA is a French start-up, a pioneer in 100% sailing-powered maritime transport. Its first cargo ship, a sailing trimaran, is designed to provide a link between Europe and the United States. Designed for high-end freight, this ship offers a competitive and carbon-free alternative to air transport.
Co-investors: General Catalyst, Upfront Ventures,Scrum Ventures, 1517 Fund
Alumni Ventures funds: AV: Total Access Fund, Harvard:Yard Ventures
Stage: Seed
Sector: Consumer
Geography: California
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