About INGINE
INGINE is a company based in Seoul (South Korea) founded in 2011 by Yong Jun Sung. INGINE has raised $2.99 million across 3 funding rounds from investors including Korean Development Bank, SK Innovation and Coolidge Corner Investment. INGINE operates in a competitive market with competitors including Carnegie Clean Energy, Ocean Power Technologies, Marine Power Systems, Eco Wave Power and AW-Energy, among others.
- Headquarter Seoul, South Korea
- Founders Yong Jun Sung
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Injin
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.99 M (USD)
in 3 rounds
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Latest Funding Round
$3.52 M (USD), Debt – Conventional
May 17, 2021
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Investors
Korean Development Bank
& 2 more
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Employee Count
Not available
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Funding Insights of INGINE
INGINE has successfully raised a total of $2.99M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.52 million completed in May 2021. 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.
Investors in INGINE
INGINE has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Korean Development Bank, SK Innovation and Coolidge Corner Investment.
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Development financing and commercial banking are provided in South Korea.
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Oil and gas refining and trading services are provided globally.
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Investor details for INGINE
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Investments & Acquisitions by INGINE
Investment portfolio details for INGINE
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Financial Statements - INGINE
Detailed financials for INGINE
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Ingine Comparisons
Peer comparison for INGINE
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Competitors of INGINE
INGINE 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, Eco Wave Power and AW-Energy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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CETO wave energy converters and solar PV systems are provided.
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Ocean energy technologies are provided for intelligent maritime solutions.
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Modular technology for deep-water offshore wind deployment is engineered.
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Provider of wave power and wave energy devices
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Ocean wave energy is converted into electricity by AW-Energy's technology.
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Provider of wave energy harvesting system
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Detailed competitors of INGINE
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Latest news on Ingine
Complete news archive for INGINE
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Frequently Asked Questions about INGINE
INGINE was founded in 2011 and raised its 1st funding round 5 years after it was founded.
INGINE is headquartered in Seoul, South Korea.
Yong Jun Sung is the current CEO of INGINE. They have also founded this company.
INGINE is a funded company, having raised a total of $2.99M across 3 funding rounds to date.
INGINE was established in 2011 in Seoul, South Korea, as a provider of technology solutions in the renewable energy sector. Focus is placed on wave energy harvesting, with a Wave Energy Converter designed for installation in coastal breakwater barriers to generate power from wave movements. Multi-DOF Energy Recovery Technology is also developed, enabling energy capture from waves regardless of direction. Operations center on advancing sustainable energy systems for marine environments.
INGINE's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
INGINE has 3 investors. Key investors include Korean Development Bank, SK Innovation, and Coolidge Corner Investment.