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Financials

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Revenues, earnings & profits over time
EUR20192020
Revenues00000000
% growth-467 %
EBITDA00000000
% EBITDA margin(509 %)(1206 %)
Profit00000000
% profit margin(509 %)(968 %)
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Company filings or news article

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AYRO is a French industrial startup specializing in the design, manufacture, and delivery of wingsails aimed at reducing carbon emissions in the shipping industry. The company serves a diverse range of clients, including commercial shipping companies and yacht owners, by providing a sustainable solution to lower emissions for all types and sizes of ships. AYRO operates in the global maritime market, focusing on the decarbonization of maritime transport through its innovative wind-powered technology. The business model includes not only the sale of wingsails but also comprehensive maintenance services throughout their lifecycle, such as regular monitoring, inspections, repairs, and component replacements. Revenue is generated through the initial sale of the wingsails and ongoing maintenance contracts.

Keywords: wingsails, carbon emissions, maritime transport, shipping industry, wind-powered, sustainable, maintenance services, global market, decarbonization, innovative technology.

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