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Torqeedo

Torqeedo
2005 FOUNDED
M&A STATUS
51-200 EMPLOYEES
M&A LATEST DEAL TYPE
$119M LATEST DEAL AMOUNT
$14.1M TOTAL AMOUNT RAISED
Description

Developer and manufacturer of electric propulsion systems designed for leisure and commercial applications. The company combines professional engineering with industrial series production to create fully integrated, standards-compliant electric water-based electromobility ranging from 1 to 80 hp integrated hybrid drive and energy management, offering inboards, outboards and hybrid drives for ferries and water taxis, work boats, excursion boats for cruise ships, charter and rental business.

Website:
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-Backed
Primary Industry
Machinery (B2B)
Other Industries
Electrical Equipment
Marine
Primary Office
Friedrichshafener Strasse 4a
82205 Gilching
Germany

+49 (0)81 5392 1510 0
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Torqeedo Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 27-Sep-2017 $119M $14.1M 00000 Completed Generating Revenue
4. Corporate 01-Mar-2014 000.00 Completed Generating Revenue
3. Later Stage VC (Series C) 19-Mar-2012 00.00 000.00 Completed Generating Revenue
2. Early Stage VC 11-Jan-2010 $6.78M $6.78M Completed Startup
1. Early Stage VC Completed Startup
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Torqeedo Executive Team (11)

Name Title Board
Seat
Contact
Info
Christoph Ballin Ph.D Co-Founder and Chief Executive Officer
Steve Trkla President
Heiko Brambach Chief Financial Officer
Ralf Plieninger Ph.D Chief Operating Officer and Chief Technology Officer
Friedrich Böbel Co-Founder
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