About Eco Wave Power
Eco Wave Power is a company based in Tel Aviv (Israel) founded in 2011.. Eco Wave Power has raised $5 million across 9 funding rounds from investors including UK Research and Innovation, European Union and PortXL. The company has 12 employees as of December 31, 2024. Eco Wave Power offers products and services including Wave Energy System. Eco Wave Power operates in a competitive market with competitors including Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, AW-Energy and Oscilla Power, among others.
- Headquarter Tel Aviv, Israel
- Employees 12 as on 31 Dec, 2024
- Stage Public
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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
*********
- Legal Name Eco Wave Power Global Ab Sponsored Adr
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Annual Revenue
$167.66 K-45.31as on Dec 31, 2024
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Net Profit
$-2.07 M-20.99as on Dec 31, 2024
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EBITDA
$-2.3 M-2.33as on Dec 31, 2024
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Total Equity Funding
$5 M (USD)
in 9 rounds
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Latest Funding Round
$1.89 M (USD), Grant
Feb 08, 2024
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Investors
UK Research and Innovation
& 4 more
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Employee Count
12
as on Dec 31, 2024
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IPO & Listings of Eco Wave Power
Eco Wave Power is a publicly listed company on the NASDAQ with ticker symbol WAVE in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Eco Wave Power
Eco Wave Power offers a comprehensive portfolio of products and services, including Wave Energy System. 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.
Generates electricity from ocean waves using patented onshore devices
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Funding Insights of Eco Wave Power
Eco Wave Power has successfully raised a total of $5M across 9 strategic funding rounds. The most recent funding activity was a Grant round of $1.89 million completed in February 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 9
- Last Round Grant — $1.9M
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First Round
First Round
(17 Aug 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Grant - Eco Wave Power | Valuation |
investors |
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| Feb, 2022 | Amount | Grant - Eco Wave Power | Valuation |
investors |
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| Jun, 2021 | Amount | Grant - Eco Wave Power | Valuation |
investors |
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| 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 Eco Wave Power
Eco Wave Power has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include UK Research and Innovation, European Union and PortXL. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Maritime startups are accelerated through focused investment programs.
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Founded Year | Domain | Location | |
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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 Eco Wave 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 - Eco Wave 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 |
Eco Wave Power Comparisons
Competitors of Eco Wave Power
Eco Wave 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 Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, AW-Energy and Oscilla Power, 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 |
CETO wave energy converters and solar PV systems are provided.
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| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
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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 |
Ocean wave energy is converted into electricity by AW-Energy's technology.
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| domain | founded_year | HQ Location |
Provider of wave energy harvesting system
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Eco Wave Power
Frequently Asked Questions about Eco Wave Power
When was Eco Wave Power founded?
Eco Wave Power was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Eco Wave Power located?
Eco Wave Power is headquartered in Tel Aviv, Israel.
Is Eco Wave Power a funded company?
Eco Wave Power is a funded company, having raised a total of $5M across 9 funding rounds to date.
How many employees does Eco Wave Power have?
As of Dec 31, 2024, the latest employee count at Eco Wave Power is 12.
What is the annual revenue of Eco Wave Power?
Annual revenue of Eco Wave Power is $167.66K as on Dec 31, 2024.
What does Eco Wave Power do?
Eco Wave Power was established in 2011 in Tel Aviv, Israel, within the renewable energy sector focused on wave power technology. Devices equipped with automatic control systems are deployed on existing breakwaters, piers, and fixed or floating platforms. Energy from waves is harnessed through buoys, clappers, and power wings that respond to motion, water level shifts, and hydraulic forces, enabling conversion to electricity for various applications.
Who are the top competitors of Eco Wave Power?
Eco Wave Power's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
What products or services does Eco Wave Power offer?
Eco Wave Power offers Wave Energy System.
Is Eco Wave Power publicly traded?
Yes, Eco Wave Power is publicly traded on NASDAQ under the ticker symbol WAVE.
Who are Eco Wave Power's investors?
Eco Wave Power has 5 investors. Key investors include UK Research and Innovation, European Union, PortXL, EIC Fund, and Pirveli Ventures.
What is Eco Wave Power's ticker symbol?
The ticker symbol of Eco Wave Power is WAVE on NASDAQ.