About Photon Marine
Photon Marine is a company based in Portland (United States) founded in 2021 by Charles Steinback.. Photon Marine has raised $190 thousand across 4 funding rounds from investors including Ideaship, Bend Venture Conference and Elevate Capital. Photon Marine offers products and services including Silverback Grizzly, Silverback Sherpa, Silverback Versabarge, Ghostworks G40, and Foil Yachts Global. Photon Marine operates in a competitive market with competitors including ePropulsion, Japan Engine Corporation, Dolprop, DuXion and Tow-Botic Systems, among others.
- Headquarter Portland, United States
- Founders Charles Steinback
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Photon Marine Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$190 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Ideaship
& 4 more
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Employee Count
Employee Count
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Products & Services of Photon Marine
Photon Marine offers a comprehensive portfolio of products and services, including Silverback Grizzly, Silverback Sherpa, Silverback Versabarge, Ghostworks G40, and Foil Yachts Global. 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.
Aluminum vessel for harsh marine conditions and operations.
Durable boat for transport and utility tasks.
Versatile platform for cargo and marine activities.
Carbon fiber boat for specialized functions.
High-speed electric transport for crews.
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Funding Insights of Photon Marine
Photon Marine has successfully raised a total of $190K across 4 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 4
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Photon Marine | Valuation | Ideaship |
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| Oct, 2022 | Amount | Grant - Photon Marine | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - Photon Marine | Valuation | Elevate Capital , Portland Seed Fund |
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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 Photon Marine
Photon Marine has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ideaship, Bend Venture Conference and Elevate Capital. 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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Early-stage ventures are funded by Ideaship VC fund.
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Founded Year | Domain | Location | |
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An angel investment conference is organized in Bend, Oregon.
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Founded Year | Domain | Location | |
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Venture capital fund focused on underserved entrepreneurs is provided.
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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 Photon Marine
| 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 - Photon Marine
| 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 |
Photon Marine Comparisons
Competitors of Photon Marine
Photon Marine 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 ePropulsion, Japan Engine Corporation, 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 |
Electric outboard motors and propulsion systems are distributed globally.
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| domain | founded_year | HQ Location |
IoT-based monitoring solutions for marine industry are provided.
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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 Photon Marine
Frequently Asked Questions about Photon Marine
When was Photon Marine founded?
Photon Marine was founded in 2021.
Where is Photon Marine located?
Photon Marine is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of Photon Marine?
Marcelino Alvarez is the current CEO of Photon Marine.
Is Photon Marine a funded company?
Photon Marine is a funded company, having raised a total of $190K across 4 funding rounds to date. The company's 1st funding round was a Seed of $190K, raised on Jun 01, 2021.
What does Photon Marine do?
Photon Marine was founded in 2021 and is based in Portland, United States. Operations focus on the commercial marine sector, where electric propulsion systems are developed for vessels used in survey, crew transport, and enforcement tasks. Partnerships with boat builders enable the delivery of customized electric workboats. Sustainable solutions are emphasized to meet diverse operational requirements in marine environments.
Who are the top competitors of Photon Marine?
Photon Marine's top competitors include ePropulsion, Japan Engine Corporation and DuXion.
What products or services does Photon Marine offer?
Photon Marine offers Silverback Grizzly, Silverback Sherpa, Silverback Versabarge, Ghostworks G40, and Foil Yachts Global.
Who are Photon Marine's investors?
Photon Marine has 5 investors. Key investors include Ideaship, Bend Venture Conference, Elevate Capital, Portland Seed Fund, and Climate Capital.