About Veth Propulsion
Veth Propulsion is a company based in Papendrecht (Netherlands) founded in 1951 by Cornelis Veth was acquired by Twin Disc in June 2018. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Veth Propulsion offers products and services including Azimuth Thrusters, Bow Thrusters, ELITE™ Yacht Propulsion Series, and Hybrid & Electric Systems.
- Headquarter Papendrecht, Netherlands
- Founders Cornelis Veth
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Veth Propulsion By Twin Disc
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Products & Services of Veth Propulsion
Veth Propulsion offers a comprehensive portfolio of products and services, including Azimuth Thrusters, Bow Thrusters, ELITE™ Yacht Propulsion Series, and Hybrid & Electric Systems. 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.
Thrusters are designed for 360-degree directional marine propulsion.
Bow thrusters are built for enhanced ship maneuverability.
Yacht propulsion systems are crafted for versatility and innovation.
Hybrid systems are developed for sustainable marine propulsion.
Funding Insights of Veth Propulsion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Veth Propulsion
Veth Propulsion has secured backing from 1 investor. Prominent investors backing the company include Twin Disc. 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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Power transmission equipment is manufactured and distributed globally.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Veth Propulsion
| 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 - Veth Propulsion
| 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 |
Veth Propulsion Comparisons
Competitors of Veth Propulsion
| 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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Frequently Asked Questions about Veth Propulsion
When was Veth Propulsion founded?
Veth Propulsion was founded in 1951.
Where is Veth Propulsion located?
Veth Propulsion is headquartered in Papendrecht, Netherlands. It is registered at Papendrecht, South Holland, Netherlands.
What does Veth Propulsion do?
Veth Propulsion, part of Twin Disc Inc. since 2018, is specialized in the design and production of advanced marine propulsion and auxiliary systems. Solutions are offered for commercial, patrol, leisure, and high-speed vessels, as well as for on-land applications across sectors like firefighting, construction, agriculture, and mining. Sustainable innovations such as hybrid and fully electric systems are developed to meet modern environmental demands. A wide range of products, including azimuth thrusters, bow thrusters, and control systems, are engineered and manufactured in-house to ensure quality and customization for diverse maritime needs.
What products or services does Veth Propulsion offer?
Veth Propulsion offers Azimuth Thrusters, Bow Thrusters, ELITE™ Yacht Propulsion Series, and Hybrid & Electric Systems.
Who are Veth Propulsion's investors?
Veth Propulsion has 1 investor. Key investors include Twin Disc.