About ACEL Power
ACEL Power is a company based in Vancouver (Canada) founded in 2021.. ACEL Power has raised $10 million across 1 funding round from investors including Tau Capital. ACEL Power offers products and services including Electric Outboard Engines, Charger, and Battery. ACEL Power operates in a competitive market with competitors including ePropulsion, Flux Marine, Japan Engine Corporation, Photon Marine and Dolprop, among others.
- Headquarter Vancouver, Canada
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Acel Power Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Jul 17, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of ACEL Power
ACEL Power offers a comprehensive portfolio of products and services, including Electric Outboard Engines, Charger, and Battery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides electric power for boats to reduce emissions
Enables charging of electric outboard batteries for extended use
Stores energy for powering electric marine motors efficiently
Funding Insights of ACEL Power
ACEL Power has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.0M
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First Round
First Round
(17 Jul 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Series A - ACEL Power | Valuation | Tau Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ACEL Power
ACEL Power has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Tau Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tau Capital is focused on scaling DeepTech for global impact.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ACEL Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ACEL Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acel Power Comparisons
Competitors of ACEL Power
ACEL Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ePropulsion, Flux Marine, Japan Engine Corporation, Photon Marine and Dolprop, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric outboard motors and propulsion systems are distributed globally.
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Developer of zero emissions electric boat motors
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| domain | founded_year | HQ Location |
IoT-based monitoring solutions for marine industry are provided.
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Manufacturer of electric outboard motors and electric workboats. It provides electric propulsion systems for commercial marine vessels. These systems are designed for various applications, including survey, crew transport, and marine enforcement. The company partners with boat builders to offer a complete range of electric workboats tailored to diverse operational needs. The focus is on delivering efficient, powerful, and sustainable solutions for the commercial marine sector.
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| domain | founded_year | HQ Location |
Creates efficient, silent, and safe biomimetic propulsion for maritime applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Acel Power
Frequently Asked Questions about ACEL Power
When was ACEL Power founded?
ACEL Power was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is ACEL Power located?
ACEL Power is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of ACEL Power?
John Liu is the current CEO of ACEL Power.
Is ACEL Power a funded company?
ACEL Power is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Jul 17, 2024.
What does ACEL Power do?
Manufacturer of electric outboard motors and propulsion systems. It designs and produces a complete electric propulsion system including the outboard motor, battery pack, charger, onboard computer, digital throttle, and smart key. The systems are designed for ease of use and integration, offering a plug-and-play solution. The company focuses on higher horsepower electric propulsion, providing enhanced performance and efficiency. A key feature is the integration with an app for monitoring and control of the system. The motors are designed for quiet operation and minimal environmental impact. The company also offers predictive and remote maintenance capabilities.
Who are the top competitors of ACEL Power?
ACEL Power's top competitors include ePropulsion, Japan Engine Corporation and Flux Marine.
What products or services does ACEL Power offer?
ACEL Power offers Electric Outboard Engines, Charger, and Battery.
Who are ACEL Power's investors?
ACEL Power has 1 investor. Key investors include Tau Capital.