Torqeedo GmbH develops, designs and manufactures clean, lightweight electric outboard motors. The company is based in Starnberg, Germany and was established in February 2005. It is led by CEO Dr. Christoph Ballin and Dr. Friedrich Böbel. Torqeedo received €5.6M in Series C funding. Backers include new investors Robert Bosch Venture Capital and WHEB Partners. The company is using the capital to launch a new range of motors. Torqeedo develops and manufactures electric outboard motors for the marine market. Its motors are described as lightweight, powerful, quiet, highly efficient and clean, providing an environmentally friendly alternative to sub-10 horsepower combustion outboards. Founded in 2005 and based in Starnberg, Germany, the company serves its current markets and plans to expand into new territories. The company intends to develop new and more powerful motors. A recent capital infusion from a financing round is intended to help maintain its growth momentum. The article does not disclose operating metrics such as revenue or user numbers.

Total raised

$14M

Funding rounds

2

Latest round

Series C

Latest activity

Mar 2012