About Torqeedo
Torqeedo is a company based in Starnberg (Germany) founded in 2005 was acquired by Yamaha Motor in January 2024.. Torqeedo has raised $14.15 million across 3 funding rounds from investors including Yamaha, WHEB and DEUTZ. Torqeedo has completed 1 acquisition, including Moonwave Systems. Torqeedo offers products and services including Outboards, Inboards, Pod Drives, and Hybrid Drives. Torqeedo operates in a competitive market with competitors including Evoy, Oceanvolt, Dolprop, TEMA and Moonwave Systems, among others.
- Headquarter Starnberg, Germany
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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 Torqeedo Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.15 M (USD)
in 3 rounds
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Latest Funding Round
$7.4 M (USD), Series C
Mar 15, 2012
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Investors
Yamaha
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Torqeedo
Torqeedo offers a comprehensive portfolio of products and services, including Outboards, Inboards, Pod Drives, and Hybrid Drives. 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.
Electric outboard motors for recreational and commercial boating.
Electric inboard systems for larger marine vessels.
Compact electric pod drives for efficient boat maneuvering.
Hybrid systems combining electric and traditional power for boats.
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Funding Insights of Torqeedo
Torqeedo has successfully raised a total of $14.15M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $7.4 million completed in March 2012. 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 Series C — $7.4M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2012 | Amount | Series C - Torqeedo | Valuation |
investors |
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| Jan, 2010 | Amount | Series B - Torqeedo | Valuation |
investors |
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| Jun, 2008 | Amount | Series A - Torqeedo | Valuation |
investors |
| 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 Torqeedo
Torqeedo has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Yamaha, WHEB and DEUTZ. 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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Private equity investments are managed by BayBG in Germany.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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 Torqeedo
Torqeedo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Moonwave Systems. 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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Hybrid propulsion systems for marine vehicles were developed.
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2012 |
| 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 - Torqeedo
| 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 |
Torqeedo Comparisons
Competitors of Torqeedo
Torqeedo 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 Evoy, Oceanvolt, Dolprop, TEMA and Moonwave 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 |
Inboard and outboard marine electric propulsion systems are developed.
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| domain | founded_year | HQ Location |
Electric propulsion systems are developed for sailboats and catamarans.
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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 |
Marine electric propulsion systems and motors are developed and produced.
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| domain | founded_year | HQ Location |
Hybrid propulsion systems for marine vehicles were 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 Torqeedo
Frequently Asked Questions about Torqeedo
When was Torqeedo founded?
Torqeedo was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is Torqeedo located?
Torqeedo is headquartered in Starnberg, Germany. It is registered at Starnberg, Bavaria, Germany.
Is Torqeedo a funded company?
Torqeedo is a funded company, having raised a total of $14.15M across 3 funding rounds to date.
What does Torqeedo do?
Torqeedo was established in 2005 in Starnberg, Germany, within the marine propulsion sector. Electric motors are produced for applications in tenders, small boats, dinghies, motorboats, daysailers, fishing vessels, and canoes. High-capacity batteries are supplied to enable electrical drives for boats. Operations center on sustainable boating solutions, with products distributed globally from the European base.
Who are the top competitors of Torqeedo?
What products or services does Torqeedo offer?
Torqeedo offers Outboards, Inboards, Pod Drives, and Hybrid Drives.
How many acquisitions has Torqeedo made?
Torqeedo has made 1 acquisition, including Moonwave Systems.
Who are Torqeedo's investors?
Torqeedo has 8 investors. Key investors include Yamaha, WHEB, DEUTZ, Brose Trust, and EXTOREL.
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