The Prince Albert II of Monaco Foundation and Monaco Asset Management Announce Bound4Blue Joining the ReOcean Fund Portfolio

The Prince Albert II of Monaco Foundation and Monaco Asset Management have announced that Bound4blue, a global leader in wind propulsion systems,is the latest company to join the portfolio of the ReOcean Fund.

Bound4blue develops automated wind-assisted propulsion systems that harness renewable energy, offering a turnkey solution for shipowners and operators seeking to improve the environmental and economic performance of their fleets.

“ReOcean Fund’s investment in Bound4blue illustrates our commitment to accelerating the decarbonisation of maritime transport with solutions that are both ambitious and immediately deployable. Wind-assisted propulsion provides a concrete response to one of the most urgent climate challenges, while being compatible with existing vessels which is an essential condition for delivering rapid, scalable impact. This investment marks a further step in the fund’s development and investment phase, focused on key sectors aligned with SDG 14, with green shipping standing as one of our top priorities. Backing innovators such as Bound4blue is central to drive systemic change and shape a more sustainable and resilient ocean economy.”
Olivier Wenden, Vice-Chairman and CEO, Prince Albert II of Monaco Foundation

Bound4blue’s eSAIL® system is a proven solution for saving fuel and emissions, completely autonomous, with low maintenance and easy installation onboard, being the most cost-efficient wind propulsion technology today. It is suitable for Tankers, Bulkers, Ro-Ros, Cruise vessels, Ferries, Gas Carriers, and General Cargo vessels, regardless of their size or age.

To date, 22 investors, convinced of the urgency to align growth with purpose, have placed their trust in the ReOcean Fund, raising its capacity to USD 73 million — an important milestone for a fund targeting EUR 100 million in investments in the next generation of ocean innovations.

The ReOcean fund currently pursues its investment phase, focusing primarily on innovative Series B companies across sectors aligned with the Sustainable Development Goal 14: Life Below Water. Bound4blue joins NatureMetrics in the ReOcean Fund portfolio.

The ReOcean Fund’s investment in Bound4blue is part of the company’s funding round backed by leading maritime corporates, ship owning families, climate-focused investors and government capital. Read the full announcementhere.

“This funding enables us to expand capacity, accelerate our growth roadmap and advance new developments that will elevate both the technology and our services to the next level. It confirms that bound4blue is built on solid foundations and positioned for sustained global deployment.”
José Miguel Bermúdez, CEO and Co-Founder, Bound4blue