UK’s wind propulsion technology provider GT Wings has closed over £1 million (about $1.3 million) in new equity that would enable the company to grow its team and further develop its wingsail solution.
The new equity comprises ~£500k investment from Blackfinch Ventures, and an additional £500k from investment angels sourced by Sustainable Times and existing shareholder, OnePlanetCapital.
As informed, the equity round brings GT Wings’ total funding secured in 2024 to over £6 million across grant and equity sources, strengthening the company’s balance sheet and providing the capital to execute on the significant opportunity ahead in the high-growth wind propulsion market.