CorPower Ocean Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Private

  • Employees
  • 85

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $4.07M

  • Investors
  • 17

CorPower Ocean General Information

Description

Developer of a wave energy converter designed to offer clean and economical electricity from the ocean. The company's converter has a heaving buoy on the surface absorbing energy from the combined surge and heave motion of the waves and is connected to the seabed using a taut mooring line with a natural frequency of oscillation, and ocean energy brings stability to the clean energy mix, accelerating the transition to zero-carbon energy, and innovations are inspired by the pumping principle of the human heart, enabling reliable and cost-effective harvesting of electricity from ocean waves.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Energy Production
Corporate Office
  • Västberga Allé 60
  • Hagersten
  • 126 30 Stockholm
  • Sweden

CorPower Ocean Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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CorPower Ocean Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
27. Later Stage VC 31-Dec-2023 $4.07M 000.00 Completed Generating Revenue
26. Grant 31-Oct-2023 000.00 000.00 Completed Startup
25. Later Stage VC 30-Apr-2023 00.00 000.00 Completed Startup
24. Grant 05-Jan-2023 0000 000.00 Completed Startup
23. Grant 30-Sep-2023 00000 000.00 Completed Startup
22. Grant 30-Jun-2023 00.000 000.00 Completed Startup
21. Later Stage VC 01-May-2023 000.00 Completed Startup
20. Grant 31-Mar-2023 00000 000.00 Completed Startup
19. Grant $462K $30.4M Completed Startup
18. Grant 31-Dec-2021 $14.2M $30.4M Completed Startup
To view CorPower Ocean’s complete valuation and funding history, request access »

CorPower Ocean Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a wave energy converter designed to offer clean and economical electricity from the ocean. The company's co
Alternative Energy Equipment
Stockholm, Sweden
85 As of 2023
000.00
0000000000 0 000.00

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000000 0000000000
Swansea, United Kingdom
00 As of 0000
000.00
0000000000 000.00

000000

or sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut la
00000000000 000000 0
Seattle, WA
00 As of 0000
00.000
000.00 0000-00-00
000000000000 00.000
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CorPower Ocean Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Marine Power Systems Venture Capital-Backed Swansea, United Kingdom 00 000.00 0000000000 000.00
Oscilla Power Venture Capital-Backed Seattle, WA 00 00.000 000000000000 00.000
WAVEROLLER Venture Capital-Backed Vantaa, Finland 00 000.00 000000000000 000.00
Seabased Angel-Backed Dublin, Ireland 00 000.00 000000000000 000.00
Eco Wave Power Formerly VC-backed Stockholm, Sweden 00 0000 00000000 0000
You’re viewing 5 of 5 competitors. Get the full list »

CorPower Ocean Executive Team (4)

Name Title Board Seat Contact Info
Patrik Möller Co-Founder, Chief Executive Officer & Board Member
Rickard Lindgren Chief Financial Officer
Andreas Gunnarsson President & Chairman
You’re viewing 3 of 4 executive team members. Get the full list »

CorPower Ocean Board Members (11)

Name Representing Role Since
Andreas Gunnarsson Self President & Chairman 000 0000
Annica Wachtmeister Self Board Member 000 0000
Christina Lundbäck Self Board Member 000 0000
Markus Hökfelt Almi Invest Board Member 000 0000
Patrik Möller CorPower Ocean Co-Founder, Chief Executive Officer & Board Member 000 0000
You’re viewing 5 of 11 board members. Get the full list »

CorPower Ocean Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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CorPower Ocean Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Sandia National Laboratories Corporation Minority 000 0000 000000 0
Alsteron Venture Capital Minority 000 0000 000000 0
Annica Wachtmeister Angel (individual) Minority 000 0000 000000 0
Skandinaviska Enskilda Banken Investment Bank Minority 000 0000 000000 0
NextWave Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 17 investors. Get the full list »

CorPower Ocean FAQs

  • When was CorPower Ocean founded?

    CorPower Ocean was founded in 2012.

  • Who is the founder of CorPower Ocean?

    Patrik Möller and Stig Lundbäck Ph.D are the founders of CorPower Ocean.

  • Who is the CEO of CorPower Ocean?

    Patrik Möller is the CEO of CorPower Ocean.

  • Where is CorPower Ocean headquartered?

    CorPower Ocean is headquartered in Stockholm, Sweden.

  • What is the size of CorPower Ocean?

    CorPower Ocean has 85 total employees.

  • What industry is CorPower Ocean in?

    CorPower Ocean’s primary industry is Alternative Energy Equipment.

  • Is CorPower Ocean a private or public company?

    CorPower Ocean is a Private company.

  • What is CorPower Ocean’s current revenue?

    The current revenue for CorPower Ocean is 000000.

  • How much funding has CorPower Ocean raised over time?

    CorPower Ocean has raised $37.6M.

  • Who are CorPower Ocean’s investors?

    Sandia National Laboratories, Alsteron, Annica Wachtmeister, Skandinaviska Enskilda Banken, and NextWave Ventures are 5 of 17 investors who have invested in CorPower Ocean.

  • Who are CorPower Ocean’s competitors?

    Marine Power Systems, Oscilla Power, WAVEROLLER, Seabased, and Eco Wave Power are competitors of CorPower Ocean.

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