OutSail Shipping
Retractable wingsails reducing cargo ship fuel consumption.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
OutSail Shipping, founded in 2022 by Arpan Rau, Joseph Oorebeek, and Bailey Da Costa, is developing wind-assisted propulsion systems to decrease fuel consumption for the maritime freight industry. The company's core product is the 'Mirage', a retractable and containerized wingsail designed to be the size of a Boeing 747 when deployed. This system can be rolled up into a standard shipping container, which allows for installation at port without the need for a shipyard and avoids interference with cargo operations.
The founding team combines extensive experience in hardware engineering and aerodynamics from companies like SpaceX, Tesla, and Relativity. CEO Arpan Rau has a background as a Systems Engineer and Product Manager, while CTO Joseph Oorebeek is an aerodynamicist, and Bailey Da Costa has experience as a Senior Electrical Engineer. The concept for OutSail Shipping originated from a conversation between Rau and Oorebeek about applying modern technology to wind-powered shipping. The company participated in Y Combinator's Winter 2023 batch and has secured pre-seed funding.
OutSail's technology aims to address new regulations from the International Maritime Organization (IMO) that mandate reduced carbon intensity for ships. By retrofitting existing vessels with an array of their wingsails, the company projects a potential fuel reduction of up to 20%. The business model focuses on providing a solution that can be quickly deployed without taking a ship out of commission for extended periods, a significant advantage given that shipyards are often booked for years in advance. The sails are built using materials like thin steel, employing a mechanism similar to a tape measure for extension and retraction.
Keywords: wind-assisted ship propulsion, maritime decarbonization, wingsails, fuel efficiency, containerized sail, shipping emissions reduction, retractable sails, sustainable shipping, cargo ship retrofit, green maritime technology, naval engineering, aerodynamics, Y Combinator, Arpan Rau, Joseph Oorebeek, Bailey Da Costa, Mirage sail, IMO regulations, Carbon Intensity Indicator