About Torqeedo
Torqeedo is a Transportation, Automotive & Logistics company based in Starnberg (Germany) founded in 2005, and was acquired by Yamaha Motor in January 2024. Electric motors and batteries for boats are developed. 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. Its website torqeedo.com draws about 43 thousand monthly visits. Torqeedo offers products and services including Outboards, Inboards, Pod Drives, and Hybrid Drives. Its focus areas include Energy Tech, Electric Vehicles, Components and Powertrain Systems. Its legal entity is Torqeedo Inc.
Company details
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.
- Total Equity Funding$14.15M (USD)
in 3 rounds
- Latest Funding Round$7.4M (USD), Series C
Mar 2012
- InvestorsYamaha
& 7 more
- Investments & Acquisitions
- Acquired by
Products & Services of Torqeedo
Torqeedo offers a comprehensive portfolio of products and services, including Outboards, Inboards, Pod Drives, and Hybrid Drives.
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.
Apps and channels of Torqeedo
its YouTube channel Torqeedo has 7.05K subscribers and 30 videos.
Videos from Torqeedo
The most watched videos on Torqeedo's YouTube channel, Torqeedo (7.05K subscribers). Click a video to play it here.
More on Torqeedo.
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 $14.15M
- Total Rounds 3
- Last Round Series C — $7.4M
- Investors Count 6
All 3 funding rounds of Torqeedo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2012 | $7.4M | Series C | – | – | |
| Jan 2010 | $6.75M | Series B | – | – | |
| Jun 2008 | Series A | – | – |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| extorel.de | ||||
Private equity investments are managed by BayBG in Germany. | baybg.de | Munich, Germany | ||
Private equity firm focused on multiple sectors | 1995 | whebgroup.com | London, United Kingdom | |
Venture capital firm investing in tech startups | bosch.ventures | Gerlingen, Germany | ||
An investment firm focused on technology businesses is operated. | alpinapartners.com | Munich, Germany | ||
Limited information is provided about Brose Trust's activities. | brose-trust.de | |||
Motorcycles, ATVs, snowmobiles, and watercraft are manufactured. | 1955 | yamaha-motor.com | Cypress, United States | |
Drive systems and engines are manufactured and supplied by DEUTZ. | 1864 | deutz.com | Cologne, Germany |
Investor details for Torqeedo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Torqeedo
23 people are tracked at Torqeedo (10 in leadership, 13 in team).
| Name | Role | Group |
|---|---|---|
Alexander Ruhl | VP Finance | Leadership |
Tom Sieber | Head Of Strategy / M&a | Leadership |
Leo Weis | Senior Vice President Operations & Purchasing | Leadership |
Heiko Vietmeier | Managing Director | CFO | Leadership |
Fabian Bez | Chief Executive Officer | Leadership |
Dr. Alexander Oswald | Senior Vice President Development & Global Service | Leadership |
Margret Redler | Director People, Culture & CSR | Leadership |
Daniel Schwab | Director Application Engineering & Project Management | Leadership |
Dr.-Ing. Martin R. Hammer | Vice President Product Strategy & Program Managment | Leadership |
Ferdinand Lindmayer | Director Global Distribution | Leadership |
Johanneke Naumann-Verspoor | Senior Specialist HR | Team |
Dominik Busse | Manager Mechanical Development | Team |
Jens Bergmann | Manager Electronic Development & Product Integration | Team |
Michael Lorenz | Manager Electronics & Software Development | Team |
Damian de Gannes | Application Engineer & Project Management | Team |
Alfons Doerr | Senior Manager HV Energy Source & Storage | Team |
Thomas Pause | HR - Specialist | Team |
Markus Bisch | Manager Controlling | Team |
Juliana Marino | Manager Purchasing | Team |
Patrick Tan | High Voltage Field Service Engineer | Team |
3 more people are available in the full profile.
Complete people profiles for Torqeedo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Torqeedo
Torqeedo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Moonwave Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hybrid propulsion systems for marine vehicles were developed. | moonwave-systems.com | Jena, Germany | 2012 | Jan 2014 | •••• |
Complete acquisition details for Torqeedo
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Torqeedo
6 dated milestones of Torqeedo across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Torqeedo is founded.
- Funding First funding round.
- Funding Latest funding round, Series C, of $7.4M.
- Acquisition Acquires Moonwave Systems.
- Exit Acquired by DEUTZ.
- Exit Acquired by Yamaha Motor.
Web traffic of Torqeedo
The website of Torqeedo (torqeedo.com) receives about 42.7K visits a month and ranks #538,727 among all websites worldwide, #203 in Boats.
- Monthly visits42.7K
▼ 7.3% vs previous month
- Unique visitors19.7K
per month
- Global rank#538,727
among all websites
- Category rank#203
Vehicles · Boats
- Bounce rate33%
- Pages per visit4.0
- Average visit1 min 10 sec
- DevicesDesktop 36% · Mobile 64%
Websites whose visitors overlap most with Torqeedo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
elcomotoryachts.com | elcomotoryachts.com | 100% | #3,038,501 | – | |
boatmotors.com | boatmotors.com | 83% | – | ||
der-wassersportladen.de | der-wassersportladen.de | 83% | #2,460,306 | – | |
evinrude.com | evinrude.com | 78% | #2,646,960 | – | |
| defender.com | 73% | 320.4K | #146,346 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 35 similar websites and full traffic analytics for Torqeedo
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 35 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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
Related news about Torqeedo
Complete news archive for Torqeedo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Torqeedo
Torqeedo was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Torqeedo is headquartered in Starnberg, Germany. It is registered at Starnberg, Bavaria, Germany.
Torqeedo is a funded company, having raised a total of $14.15M across 3 funding rounds to date.
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.
Torqeedo offers Outboards, Inboards, Pod Drives, and Hybrid Drives.
Torqeedo has made 1 acquisition, including Moonwave Systems.
Torqeedo has 8 investors. Key investors include Yamaha, WHEB, DEUTZ, Brose Trust, and EXTOREL.
Torqeedo operates through Torqeedo Inc..
Yes. Torqeedo was acquired by DEUTZ in September 2017.