About CorPower Ocean
CorPower Ocean is a company based in Stockholm (Sweden) founded in 2009 by Patrik Moller.. CorPower Ocean has raised $91.42 million across 21 funding rounds from investors including EIT InnoEnergy, European Commission and European Union. CorPower Ocean offers products and services including CorPack, Wave Energy Technology, and Project Development Services. CorPower Ocean operates in a competitive market with competitors including Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Floating Power Plant and Schottel Hydro, among others.
- Headquarter Stockholm, Sweden
- Founders Patrik Moller
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Sectors
Energy & Utilities
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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 Corpower Ocean Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$91.42 M (USD)
in 21 rounds
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Latest Funding Round
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Investors
EIT InnoEnergy
& 16 more
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Employee Count
Employee Count
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Products & Services of CorPower Ocean
CorPower Ocean offers a comprehensive portfolio of products and services, including CorPack, Wave Energy Technology, and Project Development Services. 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.
Cluster technology for generating electricity from ocean waves in harsh conditions.
System for capturing wave motion to produce stable renewable energy.
Assessment and delivery services for wave energy projects worldwide.
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Funding Insights of CorPower Ocean
CorPower Ocean has successfully raised a total of $91.42M across 21 strategic funding rounds. 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 21
- Last Round Last Round
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First Round
First Round
(17 Dec 2014)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series B - CorPower Ocean | Valuation |
investors |
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| Feb, 2025 | Amount | Series B - CorPower Ocean | Valuation |
investors |
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| Feb, 2025 | Amount | Grant - CorPower Ocean | Valuation |
investors |
| 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 |
Investors in CorPower Ocean
CorPower Ocean has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include EIT InnoEnergy, European Commission and European Union. 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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A venture capital firm investing in sustainable and deep-tech startups
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Founded Year | Domain | Location | |
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A platform for alternative investments is operated by the company.
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Founded Year | Domain | Location | |
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Iberis Capital is recognized as a leading private equity and venture capital manager in Portugal.
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Founded Year | Domain | Location |
| Investor | Description | 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 CorPower Ocean
| 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 - CorPower Ocean
| 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 |
Corpower Ocean Comparisons
Competitors of CorPower Ocean
CorPower Ocean 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 Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Floating Power Plant and Schottel Hydro, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
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| domain | founded_year | HQ Location |
CETO wave energy converters and solar PV systems are provided.
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| domain | founded_year | HQ Location |
Modular technology for deep-water offshore wind deployment is engineered.
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| domain | founded_year | HQ Location |
Floating wind and wave energy systems are developed and deployed.
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| domain | founded_year | HQ Location |
Hydrokinetic turbines and semi-submerged platforms are provided.
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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 Corpower Ocean
Frequently Asked Questions about CorPower Ocean
When was CorPower Ocean founded?
CorPower Ocean was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is CorPower Ocean located?
CorPower Ocean is headquartered in Stockholm, Sweden.
Who is the current CEO of CorPower Ocean?
Patrik Moller is the current CEO of CorPower Ocean. They have also founded this company.
Is CorPower Ocean a funded company?
CorPower Ocean is a funded company, having raised a total of $91.42M across 21 funding rounds to date. The company's 1st funding round was a Series B of $15.74M, raised on Dec 17, 2014.
What does CorPower Ocean do?
CorPower Ocean was founded in 2009 in Stockholm, Sweden, and operates in the renewable energy sector focused on wave power. Solutions for wave energy conversion are developed, featuring a point absorber design with a heaving buoy that captures energy from both surge and heave wave motions. Operations center on advancing marine energy technologies for sustainable power generation in coastal regions.
Who are the top competitors of CorPower Ocean?
CorPower Ocean's top competitors include Marine Power Systems, Carnegie Clean Energy and Ocean Power Technologies.
What products or services does CorPower Ocean offer?
CorPower Ocean offers CorPack, Wave Energy Technology, and Project Development Services.
Who are CorPower Ocean's investors?
CorPower Ocean has 17 investors. Key investors include EIT InnoEnergy, European Commission, European Union, Cisco Investments, and Almi.
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