FundingJul 1, 2026
Member preview opens this month
Preview materials, the financial model, and a recorded sponsor webinar open to members ahead of the August offering. Watchlist members receive first access.
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Coming SoonGrowth Company Miami, Florida
Blue Current Marine Technologies
Electric propulsion retrofit systems for commercial harbor fleets — 210% revenue growth last year.
Sponsored by Blue Current Ventures 0 members participatingLast updated Jul 1, 2026
Overview
Executive Summary
Blue Current Marine Technologies designs and installs electric propulsion retrofit kits for commercial harbor vessels — pilot boats, water taxis, and short-haul ferries. With port emissions regulations tightening and diesel operating costs rising, the company grew revenue 210% last year and holds a $14M signed order backlog it cannot yet fulfill. This round funds a second production line and installer certification program.
Project Description
The company's modular retrofit system converts diesel harbor vessels to electric at roughly 40% the cost of new-build electric boats, with a 3–4 year fuel-and-maintenance payback for operators. Nineteen systems are in service across four ports; the backlog covers 31 additional vessels.
Market Opportunity
More than 40 U.S. ports have announced emissions-reduction mandates affecting an estimated 12,000 commercial harbor craft. New electric vessels cost $2–6M; Blue Current's retrofit approach serves operators who cannot justify fleet replacement.
Investment Thesis
A regulation-driven replacement cycle, a signed backlog nearly 10x this round, structural cost advantage over new-builds, and preferred-equity terms with a participating preference that protects downside while keeping upside.
Current Status
Offering opens to members in August 2026. Preview materials and the sponsor webinar are available now; join the watchlist for first access.
Investment Highlights
210% revenue growth
Trailing-year revenue tripled as port emissions mandates accelerated orders.
$14M signed backlog
Signed orders for 31 vessels — nearly ten times this round — awaiting production capacity.
Regulation-driven demand
40+ U.S. ports have announced emissions mandates covering ~12,000 harbor craft.
Structural cost advantage
Retrofits cost ~40% of new-build electric vessels with a 3–4 year operator payback.
Downside-protected structure
1x liquidation preference, participating to 2x, ahead of common equity.
Experienced sector investor
Blue Current Ventures' prior marine-tech portfolio company was acquired in 2024.
Investment Terms
- Offering entity
- Blue Current Marine Technologies, Inc.
- Investment type
- Preferred Equity
- Security type
- Series B Preferred Stock
- Minimum investment
- $10,000
- Maximum investment
- $200,000
- Target raise
- $1,500,000
- Maximum raise
- $2,000,000
- Price per unit
- $1,000
- Target annual return
- 16.5%
- Profit split
- 1x liquidation preference, participating to 2x
- Target hold period
- 6 years
- Distribution frequency
- At Exit
- Offering deadline
- Nov 15, 2026
- Accreditation
- Accredited investors (attestation placeholder)
Financials
Sponsor projections — explore how the numbers move under different scenarios.
The sponsor's underwritten projection. All figures are sponsor projections.
Projected Revenue vs. Expenses
Projected Investor Distributions
| Five-Year Forecast | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $4,200,000 | $6,510,000 | $10,090,500 | $15,640,275 | $24,242,426 |
| Expenses | $3,696,000 | $5,728,800 | $8,879,640 | $13,763,442 | $21,333,335 |
| Operating Income | $504,000 | $781,200 | $1,210,860 | $1,876,833 | $2,909,091 |
| Cash Flow | $433,440 | $671,832 | $1,041,340 | $1,614,076 | $2,501,818 |
| Distributions | $0 | $0 | $0 | $0 | $0 |
Capital Stack
Total capitalization $1,500,000
Member Equity (The Circle)$1.5M · 100%
Sponsor Co-Investment$0 · 0%
Est. stabilized value
$3.4M
Projected exit value
$4.5M
Sources & Uses
Sources
- Member Preferred Equity$1.5M
- Total$1.5M
Uses
- Second Production Line$800K
- Backlog Working Capital$350K
- Installer Certification Program$250K
- Vessel-Class Certifications$100K
- Total$1.5M
Model your investment
Your investment$20,000
$10,000 min20 units @ $1,000$200,000 max
Periodic income
At exit only
Projected annual income
—
Income over 6 yrs
—
Projected value, yr 6
$50,002 · 2.50x
Portfolio fit: Growth Ventures would move from 0% to 7% of your committed portfolio with this investment.
Illustrative projection compounding the base scenario of the sponsor's target return over the full hold. Estimates only — never a guarantee.
Business Plan
Business Model
Hardware sales (retrofit kits) plus recurring revenue from battery-health monitoring subscriptions and certified-installer licensing. Gross margin reached 34% last year and is projected to improve with production scale.
Use of Funds
Second production line ($800K), installer certification program ($250K), working capital for backlog fulfillment ($350K), and certification for two additional vessel classes ($100K).
Potential Exit Strategy
Strategic acquisition by a marine-propulsion or defense-adjacent industrial buyer is the primary path; the sponsor's prior portfolio company in this sector was acquired in 2024. Secondary paths include a later growth round providing member liquidity.
Sponsor
Blue Current Ventures backs growth-stage marine, logistics, and coastal-infrastructure technology companies headquartered in Florida. The firm leads structured preferred-equity rounds with downside protections and board-level involvement.
10
Years experience
6
Completed projects
4
Current projects
$48M
Total project value
Team
- NC
Naomi Castellanos · General Partner
Former maritime-technology founder with one acquisition exit.
- PL
Peter Lindqvist · Partner
15 years in growth equity across industrial technology.
Previous projects
PortSync Systems
Invested 2020 · acquired by strategic buyer 2024
Reef Analytics
Invested 2021 · revenue up 4x since initial investment
Track record provided by the sponsor. Past performance does not predict future results.
Documents
The complete document room for this offering.
Project Timeline
Jul 1, 2026
Opportunity Announced
Opportunity introduced to The Circle with preliminary materials.
Jul 20, 2026
Member Preview OpenedCurrent
Full data room, financial model, and sponsor Q&A opened to members.
Aug 10, 2026
Offering Opened
Commitments accepted from approved members.
Nov 15, 2026
Target Funding Date
Offering expected to reach its target raise.
Dec 1, 2026
Production Line Expansion
Capital deployed and the project moves into execution.
Sep 30, 2027
Backlog 50% Fulfilled
Key operating milestone on the path to stabilized performance.
Jun 30, 2029
Projected First Distribution
First member distribution expected, subject to performance.
2031-2032
Projected Exit Window
Targeted period for sale, refinance, or other liquidity event.
Updates
Risks
Private investments involve substantial risk, including illiquidity and possible loss of the entire amount invested. Read every factor below before committing. Projected returns are estimates only and are not guaranteed.
Early-Stage Company Risk
Growth-stage companies carry elevated risk: customer concentration, supply-chain dependencies, and the possibility that growth stalls. Total loss of capital is possible.
No Interim Distributions
This investment pays at exit only. Members should expect no cash flow during the hold period.
Liquidity Risk
This is a private investment with no public market. Members should expect to hold their investment for the full target hold period; early liquidity is not guaranteed and may not be available at all.
Loss of Capital
Private investments involve substantial risk, including the possible loss of the entire amount invested. Members should only commit capital they can afford to lose.
Projection Risk
All financial projections shown are illustrative demonstration estimates prepared by the sponsor. Actual results will differ, and the difference may be material.
Sponsor & Execution Risk
Performance depends heavily on the sponsor's ability to execute the business plan, retain key personnel, and manage costs. Departure of key team members could adversely affect results.
Regulatory Risk
Changes in zoning, licensing, tax, or securities regulation could affect the project's operations, timeline, or member distributions.
Economic Risk
Recession, inflation, labor shortages, or credit-market disruption could increase costs or reduce demand beyond what the sponsor has underwritten.
Exit Risk
The projected exit depends on market conditions at the time of sale or refinance. A delayed or lower-value exit would extend the hold period and reduce returns.
Technology & Competition Risk
Larger marine-propulsion manufacturers could enter the retrofit market with greater resources, compressing margins or displacing the company's position.
Questions
Frequently asked
Ask the sponsor
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Sponsor presentations and group Q&As are listed on the member events calendar.
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