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The following content is a news release distributed by . The original news release may be found here.

VELA Raises $43 Million to Build Its First Gigantic Sailing Cargo Trimaran

NEW YORK--(BUSINESS WIRE)--VELA, a pioneering French company innovating in 100% wind-powered maritime transport, is proud to announce a significant funding round of €40 million ($43 million USD)—a round led by Crédit Mutuel Impact, 11th Hour Racing & BPI - French Public Investment Bank. “This major fundraising marks a key step in VELA's development. We are proud to have brought together such a high-quality panel of Franco-American partners who share our ambition to make transport more susta...

Read the full news release here

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