About ePropulsion
ePropulsion is a company based in Dongguan (China) founded in 2012 by Pan Zongliang and Shizheng Tao.. ePropulsion has raised $25.45 million across 3 funding rounds from investors including Lightspeed Venture Partners, Dongguan Financial Holdings Group and Shenzhen Gaoxintou Group. ePropulsion offers products and services including eLite, Spirit 1.0 Plus, Spirit 1.0 Evo, Navy Evo, and Pod Drive Evo. ePropulsion operates in a competitive market with competitors including Japan Engine Corporation, Photon Marine, Dolprop, DuXion and Tow-Botic Systems, among others.
- Headquarter Dongguan, China
- Founders Pan Zongliang, Shizheng Tao
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.45 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Lightspeed Venture Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of ePropulsion
ePropulsion offers a comprehensive portfolio of products and services, including eLite, Spirit 1.0 Plus, Spirit 1.0 Evo, Navy Evo, and Pod Drive Evo. 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.
Compact and lightweight electric motor for portable boating
1 kW electric outboard for efficient and quiet operation
1 kW evolved model with enhanced performance features
3 kW to 6 kW motor for powerful marine applications
Quiet and space-saving motor for sailboats
High-performance battery for electric boating needs
Durable battery range for various marine propulsion
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Funding Insights of ePropulsion
ePropulsion has successfully raised a total of $25.45M across 3 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 3
- Last Round Last Round
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First Round
First Round
(11 Jun 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - ePropulsion | Valuation | Lightspeed Venture Partners |
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| Apr, 2021 | Amount | Series B - ePropulsion | Valuation | Shenzhen Gaoxintou Group | |
| Jun, 2018 | Amount | Series A - ePropulsion | Valuation |
investors |
| 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 ePropulsion
ePropulsion has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Dongguan Financial Holdings Group and Shenzhen Gaoxintou Group. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital funding is provided by Beyond Ventures for startups.
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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 ePropulsion
| 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 - ePropulsion
| 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 |
Epropulsion Comparisons
Competitors of ePropulsion
ePropulsion 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 Japan Engine Corporation, Photon Marine, Dolprop, DuXion and Tow-Botic Systems, 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 |
IoT-based monitoring solutions for marine industry are provided.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Electric propulsion systems are supplied for aircraft and marine vessels.
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| domain | founded_year | HQ Location |
Towing systems for in-harbour vessel manoeuvring are developed.
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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 Epropulsion
Frequently Asked Questions about ePropulsion
When was ePropulsion founded?
ePropulsion was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is ePropulsion located?
ePropulsion is headquartered in Dongguan, China. It is registered at Dongguan, Guangdong, China.
Who is the current CEO of ePropulsion?
Shizheng Tao is the current CEO of ePropulsion. They have also founded this company.
Is ePropulsion a funded company?
ePropulsion is a funded company, having raised a total of $25.45M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 11, 2018.
What does ePropulsion do?
ePropulsion Innovation was founded in 2012 and is headquartered in Dongguan, China. Electric outboard motors and underwater propulsion systems are distributed by the company within the marine technology sector. Key products such as Vaquita, Spirit, Navy motors, and Navy batteries are offered, along with accessories and technical support services. Operations focus on innovation in sustainable propulsion solutions for boating applications.
Who are the top competitors of ePropulsion?
ePropulsion's top competitors include Japan Engine Corporation, Photon Marine and DuXion.
What products or services does ePropulsion offer?
ePropulsion offers eLite, Spirit 1.0 Plus, Spirit 1.0 Evo, Navy Evo, and 3 more products and services.
Who are ePropulsion's investors?
ePropulsion has 4 investors. Key investors include Lightspeed Venture Partners, Dongguan Financial Holdings Group, Shenzhen Gaoxintou Group, and Beyond Ventures.