OceanWings
OceanWings is a French wind-assisted propulsion systems company that designs, manufactures, and sells rigid wingsail technology (four product lines) for commercial shipping decarbonization, serving shipowners and operators across bulk carrier, container, tanker, and Ro-Ro segments.
- Company typePrivate
- Founded2018
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What OceanWings does
OceanWings is a French industrial company, founded in 2018 in Paris, that designs and manufactures wind-assisted propulsion systems (WAPS) for commercial shipping decarbonization. The core technology is a family of rigid wingsails based on aircraft wing design (a thin double-flap configuration inspired by America's Cup racing technology), generating forward thrust via aerodynamic lift. The portfolio comprises four product lines — OW RF (Rigid Fixed), OW RT (Rigid Tiltable), OW RE (Rigid Elevator), and OW LF (Lowerable Fixed) — addressing different vessel types and operational constraints, complemented by a Software & Data Platform for performance monitoring and optimization.
The company serves enterprise customers in the global shipping industry across four primary segments: bulk carriers, container ships, oil/gas/chemical tankers, and Ro-Ro/Ropax/PCTC vessels. Named customers and partners include ArianeGroup (15-year contract on Canopée for Ariane 6 component transport), Alizés/Jifmar, VPLP Design, Hapag-Lloyd (WASP4500 concept), and Energy Observer. Business operations are anchored by a Paris headquarters and a manufacturing facility in Caen/Colombelles, Normandy, with direct port access for vessel installation, plus a Singapore office for Asia-Pacific coverage and regional sales representatives in five key maritime markets.
Revenue is generated through three streams: (1) hardware sales of wingsail systems for newbuild and retrofit installations, with custom quote-based enterprise pricing and multi-year contracts; (2) recurring subscription revenue from the Software & Data Platform for performance monitoring and optimization; and (3) professional services including installation, commissioning, inspection, and ongoing maintenance during regulatory dry docks. Pricing is not publicly disclosed and depends on vessel type, wingsail model, installation requirements, and fuel-type assumptions, with a stated payback period of under five years. The company has raised over €30 million across a Series A (€10.5M, 2021) and Series B (€19.2M, 2023) and holds 40+ patents worldwide.
OceanWings firmographics
Firmographics- Name
- OceanWings
- Legal name
- OceanWings SAS
- Website
- https://oceanwings.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OceanWings is a French wind-assisted propulsion systems company that designs, manufactures, and sells rigid wingsail technology (four product lines) for commercial shipping decarbonization, serving shipowners and operators across bulk carrier, container, tanker, and Ro-Ro segments.
- Ownership category
- akta.pro rank
OceanWings industry classification
Industry- Product category
- Wind-Assisted Marine Propulsion Systems
- NAICS
- Ship Building and Repairing (336611)
- SIC
- Ship & Boat Building & Repairing (3730), Engines & Turbines (3510)
- akta.pro primary industry
- Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)
- akta.pro secondary industries
- Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels) (IMAJAGAE), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Retrofits, Upgrades & Compliance Conversions (Scrubbers, BWTS, Alternative Fuels, Energy-Saving Devices) (TLAHAMAI)
Keywords
Where OceanWings is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices3 records
Markets served
OceanWings business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Wingsail Hardware Sales: Sale of OceanWings rigid wingsail systems including OW RF, OW RT, OW RE, and OW LF models. Systems are sold for both newbuild installations and retrofits on existing vessels. Revenue generated from system sales, installation, and commissioning services.
- Software & Data Platform Services: Ongoing software services for performance monitoring, optimization, and data analytics for deployed wing sail systems.
- Maintenance & Support Services: Inspection, maintenance, and support services during regulatory dry docks and ongoing operations to ensure system reliability.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing based on vessel specifications and installation requirements |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
OceanWings product offering
Product offeringCore offering
OceanWings designs, manufactures and sells automated rigid wing sails (Wind Assisted Propulsion Systems) for commercial cargo ships, offering four product variants (OW RF, OW RT, OW RE, OW LF) plus a software/data platform and lifecycle services. The systems are installed on newbuilds and retrofits to reduce fuel consumption and emissions on bulk carriers, container ships, tankers and Ro-Ro vessels.
Product overview
OceanWings offers a comprehensive portfolio of wind-assisted propulsion systems (WAPS) for the maritime industry, consisting of four distinct rigid wingsail product lines (OW RF, OW RT, OW RE, OW LF) and a complementary Software & Data Platform. The products range from fixed permanent installations to fully lowerable/collapsible designs, enabling hybrid wind propulsion across various vessel types including bulk carriers, container ships, tankers, and Ro-Ro vessels. The software platform provides performance monitoring and optimization capabilities to maximize fuel savings from 15% to 50%.
Differentiator
Problem solved
Functional benefit
Brands
- OW RF: Rigid Fixed Wingsail - a fixed wing sail configuration for cargo vessels
- OW RT
- OW RE
- OW LF
Products and services
- OW RF - Rigid Fixed Wingsail A rigid fixed wingsail for permanent installation on cargo vessels, providing consistent wind-propulsion assistance with minimal maintenance requirements; designed for bulk carriers and other vessel types with fixed installation profiles.
- OW RT - Rigid Tiltable Wingsail A rigid wingsail that tilts to optimize its angle relative to the wind, providing flexibility across varying wind conditions; intended for Kamsarmax bulk carriers and MR tankers.
- OW RE - Rigid Elevator Wingsail A rigid wingsail with a vertical sliding/elevation mechanism to retract partially during port operations, minimizing interference with cargo operations; intended for container ships (6+ units) and the Hapag-Lloyd WASP4500 concept.
- OW LF - Lowerable Fixed Wingsail A fully automated, collapsible wingsail that can be lowered for port operations and storm conditions; the most operationally proven variant with 99.6% availability over two years on Canopée.
- OceanWings Software & Data Platform Software platform for performance monitoring, optimization and analytics of installed OceanWings wingsails, including CFD-driven performance prediction, weather routing and reporting for regulatory compliance (SEEMP, EEDI, EEXI, CII).
- OceanWings Services Installation, commissioning, inspection, maintenance and technical support services for OceanWings wind-propulsion systems across retrofit, newbuild and dry-dock cycles.
Quantifiable outcome
- 15% to 50% fuel and emission reductions
- +7 more outcomes
Companies that use OceanWings
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles3 records
OceanWings technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature7 records
OceanWings partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- Everllence and ABBcoreJoint development of sustainable propulsion concepts combining OceanWings' wind propulsion technology with Everllence and ABB's propulsion and automation systems. Announced at GASTECH 2025.
- Hapag-LloydcoreStrategic collaboration on WASP4500 project to develop a 4,500 TEU wind-assisted container ship concept. Study unveiled at Wind Propulsion 2024 in London, featuring 8 OceanWings wingsails with elevator mechanisms. Initial findings show 10-20% fuel savings potential depending on route. Supports Hapag-Lloyd's commitment to halving fleet carbon intensity by 2030.
- VPLP DesigncoreFrench naval architecture firm co-founded by Marc Van Peteghem. Developed initial wing sail concept for BMW Oracle racing boat (America's Cup 2010) and designed Canopée vessel. Ongoing collaboration on wind-assisted propulsion designs including Trade Wings 2,500 container ship.
- Alizés (Jifmar/Zéphyr & Borée Joint Venture)coreJoint venture between Jifmar Offshore Services and Zéphyr & Borée operating Canopée commercially for ArianeGroup. Alizés handles vessel logistics and charter operations. Zéphyr & Borée pioneered modern sailing freight transport concepts.
- ArianeGroupcoreFranco-German aerospace company operating Ariane 6 rocket program. Sole customer for Canopée under 15-year contract to transport rocket components. European Space Agency (ESA) manages and finances Ariane 6 program with ArianeGroup as prime contractor.
- Langthon MaritimeminorSales representative for OceanWings in Scandinavia region.
- Germania ShipyardsminorSales representative for OceanWings in Germany.
- Thoe MarineminorSales representative for OceanWings in Greece.
- World OceanminorSales representative for OceanWings in Korea.
- Chinese BDminorSales representative for OceanWings in China.
- Neptune Marine ShipyardminorDutch shipyard that built Canopée vessel. Known for reliability and expertise in innovative projects.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
OceanWings competitors and assessment
Company assessmentDirect peers
- BAR Technologies: UK-based developer of WindWings, rigid wing sails for cargo ships deployed on Cargill's Pyxis Ocean. Direct competitor in the rigid wing sail WAPS category, targeting the same bulk carrier and container ship segments with similar aircraft-wing-inspired technology and similar payback economics.
- Norsepower: Finnish company that produces Flettner rotor sails installed on commercial vessels including K Line LNG carriers and MSC container ships. Direct competitor in WAPS for ocean-going cargo ships, using a different (rotor) technology approach but targeting the same emissions reduction and payback economics.
- bound4blue: Spanish startup producing eSails, suction-based vertical wing sails deployed on vessels including a Louis Dreyfus bulker and an Odfjell chemical tanker. Direct competitor in alternative WAPS technology for commercial shipping decarbonization with similar fuel savings claims and customer segments.
- Econowind: Dutch company producing VentoFoil retractable container-based wind assist devices, deployed across a broad range of vessel types including bulkers, tankers, and general cargo. Direct competitor in the WAPS market with focus on ease of retrofit on diverse commercial ship types.
- Anemoi Marine Technologies: UK-based provider of rotor sails for bulk carriers and tankers, with installations on Berge Bulk vessels. Direct competitor in the WAPS category using Flettner rotor technology for commercial fleet decarbonization.
Broad incumbents
- Wärtsilä: Finnish global leader in marine engines, propulsion systems, and ship decarbonization solutions including dual-fuel engines, hybrid systems, and energy storage. Broad incumbent offering overlapping capabilities as shipping decarbonization solutions expand, but not specializing in wind-assist like OceanWings.
- ABB Marine & Ports: Global supplier of marine propulsion, automation, and electrical systems, including hybrid and electric propulsion solutions for shipping. Recent co-development partner with OceanWings and Everllence, indicating overlapping interest in sustainable ship propulsion though focused on engine/motor systems rather than wind.
- Everllence (formerly MAN Energy Solutions): German marine engine and propulsion system supplier with dual-fuel and alternative fuel engines. Recent co-development partner with OceanWings and ABB on sustainable propulsion concepts, making it both a collaborator and a broader incumbent offering alternative decarbonization pathways.
Emerging players
- Airseas: French company developing automated parafoil/kite-based wind propulsion (Seawing) for cargo ships, originally backed by Airbus. Comparable as a French-origin WAPS developer targeting commercial shipping decarbonization, though using kite-based rather than rigid wing technology.
Others
- VPLP Design: French naval architecture firm co-founded by Marc Van Peteghem (OceanWings co-founder), designer of the original wingsail used on BMW Oracle's America's Cup-winning trimaran and integrator of wind propulsion into vessel designs including TradeWings 2,500 and Canopée. Closely tied technology/design partner rather than competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
OceanWings social profiles
Digital presenceOceanWings compliance and trust
Trust signalCompliance6 records
OceanWings financial estimates
Financial estimateRevenue estimate
Valuation estimate
OceanWings leadership team
Management profileNumber of profiles
Profiles15 records
OceanWings funding detail
Funding detailFunding overview
Funding rounds2 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OceanWings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OceanWings
What does OceanWings do?
OceanWings designs, manufactures and sells automated rigid wing sails (Wind Assisted Propulsion Systems) for commercial cargo ships, offering four product variants (OW RF, OW RT, OW RE, OW LF) plus a software/data platform and lifecycle services. The systems are installed on newbuilds and retrofits to reduce fuel consumption and emissions on bulk carriers, container ships, tankers and Ro-Ro vessels.
Is OceanWings a public or private company?
OceanWings is a private company. It is classified as venture growth investor backed and is currently operating.
When was OceanWings founded?
OceanWings was founded in 2018. It employs 11 to 50 people.
Where is OceanWings based?
OceanWings is headquartered in Paris, France, in the Europe region.
How does OceanWings make money?
Three revenue lines are on record. Wingsail Hardware Sales are the primary driver. The others are software & Data Platform Services and maintenance & Support Services.
Who are OceanWings's main competitors?
Direct peers on record are BAR Technologies, Norsepower, bound4blue, Econowind and Anemoi Marine Technologies. Broad incumbents are Wärtsilä, ABB Marine & Ports and Everllence (formerly MAN Energy Solutions). Airseas is listed as an emerging player. VPLP Design is listed as an others.
Does OceanWings have an API?
No public API is recorded for OceanWings.
What industry is OceanWings in?
OceanWings's product category is Wind-Assisted Marine Propulsion Systems. Its primary akta.pro industry code is IMAJAHAC, Marine Hybrid & Electric Propulsion Systems, with a secondary code of IMAJAGAE, Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels). Its NAICS code is 336611 and its SIC code is 3730.