What is Torqeedo?
Founded in 2004 and based in Gilching, Bavaria, Torqeedo is renowned for its high-tech electric marine products, emphasizing maximum efficiency and comprehensive system integration. As a key part of the DEUTZ Group, a global leader in innovative drive systems, Torqeedo leverages extensive engineering expertise to deliver sustainable and powerful solutions for the maritime industry. The company's commitment to technological advancement positions it at the forefront of the transition towards cleaner boating and sustainable water transportation.
How much funding has Torqeedo raised?
Torqeedo has raised a total of $12.3M across 2 funding rounds:
Series B
$6.8M
Series C
$5.6M
Series B (2010): $6.8M, investors not publicly disclosed
Series C (2012): $5.6M led by Robert Bosch Venture Capital and WHEB Partners
Key Investors in Torqeedo
Robert Bosch Venture Capital
Robert Bosch Venture Capital is a venture capital firm that invests worldwide in innovative start-up companies at all stages of their development, likely focusing on technology and industrial solutions.
WHEB Partners
WHEB Partners is an impact investment firm specializing in listed equities that address sustainability challenges, with a focus on themes including cleaner energy and sustainable transport.
What's next for Torqeedo?
With the recent major strategic investment, Torqeedo is poised for accelerated growth and innovation in the electric marine propulsion market. This capital infusion will likely fuel further research and development into next-generation electric outboard and inboard motors, as well as integrated battery and control systems. The company's strategic alignment with DEUTZ Group provides a robust platform for scaling production and expanding its global distribution network, solidifying its position as a leader in eco-friendly maritime technology.
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