We are delighted to share that OCTAVE Capital has led the US$44M Series B investment in bound4blue, a global leader in wind-assisted propulsion and a critical enabler in the maritime sector’s decarbonization journey.

Our investment into bound4blue aligns with our impact objective to support ready-to-scale sustainable solutions for the environment. Wind propulsion can provide immediate real savings, enabling ship owners to meet regulatory targets of emissions reductions – while achieving economical returns from lower fuel consumption.

bound4blue’s innovative e-sail solution combines aerodynamic control and autonomous operation to maximise captured wind power without added operational complexity.

May Liew, Chief Executive Officer at OCTAVE Capital said: “We invested in bound4blue because wind propulsion systems have moved from promising innovation to proven, scalable climate infrastructure. For the maritime sector, where long-dated fuel transitions remain critical but still years from wide-scale adoption, this technology provides the real and immediate carbon emissions reductions needed right now. With bound4blue industrialising production across both Europe and Asia, the team is well positioned it to lead the category worldwide. As an impact-driven investor with an interest in decarbonising hard-to-abate sectors, we believe bound4blue will play a critical role in accelerating shipping’s transition while delivering measurable carbon savings from day one.”

OCTAVE Capital looks forward to supporting bound4blue and the team further as they scale and accelerate the maritime ecosystem’s transition to a net-zero future.