About Ocean Power Technologies
Ocean Power Technologies is a company based in United States founded in 1984 by George W Taylor.. The company has 53 employees as of April 30, 2024. Ocean Power Technologies has completed 2 acquisitions, including 3DENT and Marine Advanced Robotics. Ocean Power Technologies offers products and services including PB3 PowerBuoy, WAM-V ASVs, and Subsea Battery Solutions. Ocean Power Technologies operates in a competitive market with competitors including Carnegie Clean Energy, Marine Power Systems, CorPower Ocean, Floating Power Plant and Schottel Hydro, among others.
- Headquarter Monroe Township, United States
- Employees 53 as on 30 Apr, 2024
- Founders George W Taylor
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ocean Power Technologies, Inc.
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Annual Revenue
$5.86 M6.08as on Apr 30, 2024
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Net Profit
$-21.51 M21.73as on Apr 30, 2024
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EBITDA
$-19.93 M29.43as on Apr 30, 2024
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Latest Funding Round
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Investors
European Commission
& 6 more
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Employee Count
53
as on Apr 30, 2024
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Investments & Acquisitions
3DENT
& 1 more
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IPO & Listings of Ocean Power Technologies
Ocean Power Technologies is a publicly listed company on the AMEX with ticker symbol OPTT in USA, operating in the Producer manufacturing 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 Ocean Power Technologies
Ocean Power Technologies offers a comprehensive portfolio of products and services, including PB3 PowerBuoy, WAM-V ASVs, and Subsea Battery Solutions. 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.
Wave-powered system for ocean energy production and data collection
Unmanned surface vehicles for maritime operations and monitoring
Underwater batteries for powering remote ocean devices
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Funding Insights of Ocean Power Technologies
- Total Funding Total Funding
- Total Rounds 16
- Last Round Last Round
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First Round
First Round
(03 Sep 2008)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - Ocean Power Technologies | Valuation |
investors |
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| Jun, 2021 | Amount | Grant - Ocean Power Technologies | Valuation |
investors |
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| May, 2021 | Amount | Grant - Ocean Power Technologies | 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 Ocean Power Technologies
Ocean Power Technologies has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include European Commission, DOE and Naval Postgraduate School. 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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Founded Year | Domain | Location | |
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Cleantech sector funding is provided via venture capital investments.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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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 Ocean Power Technologies
Ocean Power Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 3DENT and Marine Advanced Robotics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Maritime engineering and repair services are provided to the industry.
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2013 | ||||
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Unmanned surface vehicle systems are provided for marine industries.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ocean Power Technologies
| 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 |
Ocean Power Technologies Comparisons
Competitors of Ocean Power Technologies
Ocean Power Technologies 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, Marine Power Systems, CorPower Ocean, 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 |
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 |
Wave energy converter solutions provider
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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 Ocean Power Technologies
Frequently Asked Questions about Ocean Power Technologies
When was Ocean Power Technologies founded?
Ocean Power Technologies was founded in 1984 and raised its 1st funding round 24 years after it was founded.
Where is Ocean Power Technologies located?
Ocean Power Technologies is headquartered in United States.
Who is the current CEO of Ocean Power Technologies?
Philipp Stratmann is the current CEO of Ocean Power Technologies.
How many employees does Ocean Power Technologies have?
As of Apr 30, 2024, the latest employee count at Ocean Power Technologies is 53.
What is the annual revenue of Ocean Power Technologies?
Annual revenue of Ocean Power Technologies is $5.86M as on Apr 30, 2024.
What does Ocean Power Technologies do?
Ocean energy technology provider offering intelligent maritime solutions and services. The company leverages power generation and data capabilities to deliver actionable insights, promoting safer and more productive ocean operations across various sectors. These sectors include defense and security, offshore wind and oil and gas, science and research. The platform develops and deploys technologies such as wave-powered mini data centers to extend cloud computing to remote waters. The companys focus is on providing smarter, faster insights for improved maritime operations.
Who are the top competitors of Ocean Power Technologies?
Ocean Power Technologies's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
What products or services does Ocean Power Technologies offer?
Ocean Power Technologies offers PB3 PowerBuoy, WAM-V ASVs, and Subsea Battery Solutions.
Is Ocean Power Technologies publicly traded?
Yes, Ocean Power Technologies is publicly traded on AMEX under the ticker symbol OPTT.
How many acquisitions has Ocean Power Technologies made?
Ocean Power Technologies has made 2 acquisitions, including 3DENT, and Marine Advanced Robotics.
Who are Ocean Power Technologies's investors?
Ocean Power Technologies has 7 investors. Key investors include European Commission, DOE, Naval Postgraduate School, Government of Australia, and OSTI.GOV.
What is Ocean Power Technologies's ticker symbol?
The ticker symbol of Ocean Power Technologies is OPTT on AMEX.
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