Bowman Power, founded in 2004 and based in Southampton, UK, designs, develops and manufactures waste heat recovery systems for large reciprocating engines. Its product line includes an expanding range of turbo generators for large diesel engines, serving both the power generation and heavy vehicles sectors. The company serves an international customer base via six distributors worldwide. In February 2014 Bowman raised £3m (approximately US$5.0m) in funding, with participation from existing shareholders Octopus Investments, Fjord Capital and a number of angel investors; CEO Dr Toby King also invested. The company intends to use the funds for global expansion—targeting markets such as Brazil, India and Indonesia—and for development of new products. Bowman Power is a Southampton, UK-based developer of a turbogenerator that recovers waste heat from diesel and gas-fuelled engines to boost power and efficiency while reducing emissions. The turbogenerator is positioned for both power generation and transport applications. The company recently signed a contract to supply 2,000 production turbogenerators over four years to two German partners, Schnell and Burkhardt. Bowman also holds development contracts with six vehicle OEMs in the transport sector. The company received a £1.83m investment from Octopus Ventures, which the article says will allow it to execute its growth plans. The article does not disclose revenue, user metrics, or prior funding rounds.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2014