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
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- Legal Name Torqeedo Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- 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.
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.
People of Torqeedo
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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.
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.
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Private equity investments are managed by BayBG in Germany.
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Private equity firm focused on multiple sectors
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Investor details for Torqeedo
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Investments & Acquisitions by Torqeedo
Torqeedo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Moonwave Systems.
Investment portfolio details for Torqeedo
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Hybrid propulsion systems for marine vehicles were developed.
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Complete acquisition details for Torqeedo
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Financial Statements - Torqeedo
Detailed financials for Torqeedo
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Torqeedo Comparisons
Peer comparison for Torqeedo
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Inboard and outboard marine electric propulsion systems are developed.
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Electric propulsion systems are developed for sailboats and catamarans.
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Creates efficient, silent, and safe biomimetic propulsion for maritime applications.
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Marine electric propulsion systems and motors are developed and produced.
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Hybrid propulsion systems for marine vehicles were developed.
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Detailed competitors of Torqeedo
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Latest news on Torqeedo
Complete news archive for Torqeedo
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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.