Pelamis Wave Power Overview

  • Year Founded
  • 1998

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 51

Employees

  • Latest Deal Type
  • M&A

  • Investors
  • 1

Pelamis Wave Power General Information

Description

Manufacturer of systems to generate renewable electricity from ocean waves. The company offers a wave energy converter, a semi-submerged and articulated structure composed of cylindrical sections linked by hinged joints, assisting project developers and electricity generators in developing, constructing, and operating power projects.

Contact Information

Website
www.pelamiswave.com
Formerly Known As
Ocean Power Delivery
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 31 Bath Road
  • Leith
  • Edinburgh EH6 7AH
  • Scotland, United Kingdom
Primary Industry
Alternative Energy Equipment
Acquirer
Highlands and Islands Enterprise
Vertical(s)
CleanTech, Manufacturing, Impact Investing, TMT
Corporate Office
  • 31 Bath Road
  • Leith
  • Edinburgh EH6 7AH
  • Scotland, United Kingdom

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Pelamis Wave Power Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Merger/Acquisition 20-Dec-2014 Completed Generating Revenue
8. Bankruptcy: Admin/Reorg Completed Bankruptcy: Admin/Reorg
7. Later Stage VC (Series B2) 29-Oct-2012 Completed Generating Revenue
6. Later Stage VC (Series B) 22-Nov-2011 Completed Generating Revenue
5. Later Stage VC (Series A) 04-Nov-2008 Completed Generating Revenue
4. Later Stage VC (Series A) 27-Jun-2006 Completed Generating Revenue
3. Later Stage VC 24-Jul-2005 Completed Generating Revenue
2. Early Stage VC 20-Mar-2002 $6.95M $6.95M Completed Startup
1. University Spin-Out 01-Jan-1998 Completed Generating Revenue
To view Pelamis Wave Power’s complete valuation and funding history, request access »

Pelamis Wave Power Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B2
Series B1
Series B
Series A1
Series A 4,324,729 $16.07 $16.07 1x $16.07 50.36%
Ordinary 493,000 $0.4 $0.4 1x $0.4 5.74%
To view Pelamis Wave Power’s complete cap table history, request access »

Pelamis Wave Power Patents

  • 37

    Total Documents Applications and Grants

  • Total Patents Families

  • 16

    Granted

  • Pending

  • Expiring in next 12 mo

Pelamis Wave Power Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-9018779-B2 Apparatus for extracting power from waves Inactive 20-Nov-2009
AU-2010320683-B2 Apparatus for extracting power from waves Inactive 20-Nov-2009
GB-0920310-D0 Joint arrangement for a wave energy converter Inactive 20-Nov-2009
AU-2010320683-A1 Apparatus for extracting power from waves Active 20-Nov-2009
CA-2780605-A1 Apparatus for extracting power from waves Inactive 20-Nov-2009 F03B13/20
To view Pelamis Wave Power’s complete patent history, request access »

Pelamis Wave Power Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Pelamis Wave Power Former Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
350 Investment Partners Impact Investing Minority
3i Group PE/Buyout Minority
Commons Capital Venture Capital Minority
Emerald Technology Ventures Venture Capital Minority
Equinor Ventures Corporate Venture Capital Minority
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Pelamis Wave Power FAQs

  • When was Pelamis Wave Power founded?

    Pelamis Wave Power was founded in 1998.

  • Where is Pelamis Wave Power headquartered?

    Pelamis Wave Power is headquartered in Edinburgh, United Kingdom.

  • What is the size of Pelamis Wave Power?

    Pelamis Wave Power has 51 total employees.

  • What industry is Pelamis Wave Power in?

    Pelamis Wave Power’s primary industry is Alternative Energy Equipment.

  • Is Pelamis Wave Power a private or public company?

    Pelamis Wave Power is a Private company.

  • What is Pelamis Wave Power’s current revenue?

    The current revenue for Pelamis Wave Power is .

  • How much funding has Pelamis Wave Power raised over time?

    Pelamis Wave Power has raised $65.5M.

  • Who are Pelamis Wave Power’s investors?

    350 Investment Partners, 3i Group, Commons Capital, Emerald Technology Ventures, and Equinor Ventures are 5 of 18 investors who have invested in Pelamis Wave Power.

  • When was Pelamis Wave Power acquired?

    Pelamis Wave Power was acquired on 20-Dec-2014.

  • Who acquired Pelamis Wave Power?

    Pelamis Wave Power was acquired by Highlands and Islands Enterprise.

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