# Torqeedo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/torqeedo

- Industry: Ship Building & Repair
- Headquarters: Wesseling, Germany
- Website: www.torqeedo.com
- Total disclosed funding: $7.3M
- Latest round: Series C (Mar 18, 2012)
- Investors on record: 4

## About

Founded in 2005 and based in Wessling, Germany, Torqeedo GmbH operates as a manufacturer and distributor of electric boat motors. In January 2024, Deutz AG sold all its stake in Torqeedo GmbH to Yamaha Motor Co., Ltd. As of 2024, the company is led by its CEO, Fabian Bez.

Torqeedo develops and manufactures electric and hybrid propulsion systems for boats. The company's products range from small outboards for dinghies and tenders to large systems for commercial vessels. The firm also offers batteries, chargers, and other accessories for electric boats.

## Funding rounds

- Series C, Mar 18, 2012, $7.3M — Alpina Partners, BayBG, Robert Bosch Venture Capital, Extorel
- Series A, Jun 1, 2008 — BayBG

## Investors

- BayBG (https://capitalatlas.ai/funds/baybg) — Series A, Series C
- Alpina Partners (https://capitalatlas.ai/funds/alpina-partners) — Series C
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series C
- Extorel — Series C