About Marine Power Systems
Marine Power Systems is a company based in Swansea (United Kingdom) founded in 2008 by Graham Foster and Gareth Stockman.. Marine Power Systems has raised $21.62 million across 15 funding rounds from investors including Gov.uk, Development Bank of Wales and European Commission. Marine Power Systems offers products and services including Deep-water Wind Technology and Offshore Wind Services. Marine Power Systems operates in a competitive market with competitors including Carnegie Clean Energy, Ocean Power Technologies, CorPower Ocean, Floating Power Plant and Wavepiston, among others.
- Headquarter Swansea, United Kingdom
- Founders Graham Foster, Gareth Stockman
- Stage Minicorn
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Marine Power Systems Ltd
- Date of Incorporation 11 Aug, 2008
- Jurisdiction SWANSEA, WALES
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$21.62 M (USD)
in 15 rounds
-
Latest Funding Round
$3.57 M (USD), Series A
Nov 19, 2024
-
Investors
Gov.uk
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Marine Power Systems
Marine Power Systems offers a comprehensive portfolio of products and services, including Deep-water Wind Technology and Offshore Wind 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.
Modular technology for efficient deep-water wind energy deployment and harnessing.
Support for installation and management of offshore wind systems.
Funding Insights of Marine Power Systems
Marine Power Systems has successfully raised a total of $21.62M across 15 strategic funding rounds. The most recent funding activity was a Series A round of $3.57 million completed in November 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 15
- Last Round Series A — $3.6M
-
First Round
First Round
(25 Feb 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Marine Power Systems | Valuation |
investors |
|
| Jul, 2021 | Amount | Series A - Marine Power Systems | Valuation |
investors |
|
| Dec, 2020 | Amount | Series A - Marine Power Systems | Valuation | Andrew Diplock |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Marine Power Systems
Marine Power Systems has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Gov.uk, Development Bank of Wales and European Commission. 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 |
|---|---|---|---|---|
|
Provider of equity funding and business & property development loans
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location | |
|
Online government services and information are provided to users.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Marine Power Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Marine Power Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Marine Power Systems Comparisons
Competitors of Marine Power Systems
Marine Power Systems 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, CorPower Ocean, Floating Power Plant and Wavepiston, 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.
|
|
| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
|
|
| domain | founded_year | HQ Location |
Wave energy converter solutions provider
|
|
| domain | founded_year | HQ Location |
Floating wind and wave energy systems are developed and deployed.
|
|
| domain | founded_year | HQ Location |
Wave energy is generated via buoy-anchored wire systems.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Marine Power Systems
Frequently Asked Questions about Marine Power Systems
When was Marine Power Systems founded?
Marine Power Systems was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Marine Power Systems located?
Marine Power Systems is headquartered in Swansea, United Kingdom. It is registered at Swansea, Wales, United Kingdom.
Who is the current CEO of Marine Power Systems?
Gareth Stockman is the current CEO of Marine Power Systems. They have also founded this company.
Is Marine Power Systems a funded company?
Marine Power Systems is a funded company, having raised a total of $21.62M across 15 funding rounds to date. The company's 1st funding round was a Series A of $7.41M, raised on Feb 25, 2011.
What does Marine Power Systems do?
Founded in 2008 and based in Swansea, United Kingdom, operations focus on the renewable energy sector, specifically offshore wind. Modular and flexible technology is engineered for deep-water environments to simplify performance and address supply chain issues, deployment challenges, scalability, costs, and risks. Efficient energy yield is facilitated through streamlined installation processes using standard vessels.
Who are the top competitors of Marine Power Systems?
Marine Power Systems's top competitors include Carnegie Clean Energy, CorPower Ocean and Ocean Power Technologies.
What products or services does Marine Power Systems offer?
Marine Power Systems offers Deep-water Wind Technology and Offshore Wind Services.
Who are Marine Power Systems's investors?
Marine Power Systems has 6 investors. Key investors include Gov.uk, Development Bank of Wales, European Commission, European Union, and Welsh Government.
What is Marine Power Systems's valuation?
The valuation of Marine Power Systems is $59.13M as of Dec 2018.