Legal Advisor to 11th Hour Racing Legal Advisor to Crédit Mutuel Impact and Bpifrance Financial Advisors Legal Advisor to Vela (Sail for Goods): Vela’s Fundraising of EUR 40 Million DEAL BRIEF ADVISORS Chammas & Marcheteau provided legal counsel to Vela (Sail for Goods) in connection with its successful €40 million fundraising effort. This round saw participation from prominent French and American investors, including Crédit Mutuel, through its Révolution Environnementale et Solidaire fund, Bpifrance, and the 11th Hour Racing Foundation. Additional support came from regional entities such as Normandie Littoral and Normandie Participations, alongside notable private investors, including Benoist Grossmann and Pascal Marty. Founded in 2022 by Pierre-Arnaud Vallon, Michaël Fernandez-Ferri, Pascal Galacteros, Thibault Charles, and renowned navigator François Gabart, Vela is a French start-up specialising in the design and ownership of cargo sailing vessels. Vela is committed to providing innovative, efficient, and sustainable freight transport solutions through its 100% sailing-powered cargo ships. The company’s initial shipping route will operate between France and the eastern coast of the United States. This capital injection will be instrumental in financing the construction of Vela’s first 100% sailing-powered giant cargo trimaran, a key milestone in its ambition to revolutionise maritime transport. Magellan Finance served as financial advisors throughout the process. www.magellanfinance.fr 84 LAWYER MONTHLY DECEMBER 2024
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