The venture arm of the Bosch Group has invested in Torqeedo, the global leader in electric outboard motors from Starnberg, Germany.
Since its formation in 2005, Torqeedo has been known to boaters as the undisputed pioneer in electric outboards. Its multiple award-winning motors feature record levels of efficiency, integrated lithium batteries, ultra-light design and innovative on-board computers.
Robert Bosch Venture Capital GmbH has acquired a minority share in Torqeedo. This financing round will help Torqeedo to accelerate its growth and continue to develop its range of innovative products. Existing investors participated in this financing round alongside Robert Bosch Venture Capital.
“In our opinion, Torqeedo is in an excellent global position to drive marine electric-mobility forward,” commented Dr. Dieter Kraft, Investment Partner from Robert Bosch Venture Capital
Torqeedo’s co-founder and CEO, Dr. Christoph Ballin, is delighted to have succeeded in securing Robert Bosch Venture Capital as a partner for Torqeedo: “Having Bosch’s expertise in electric-mobility within the shareholder base can’t be valued highly enough and is something that all of our customers will benefit from .”
Torqeedo is now fully equipped to expand its leading position in the growing market for marine e-mobility.
About Torqeedo GmbH, Starnberg:
- Leader in electric outboards.
- Marine e-mobility pioneer.
- Uncompromisingly high-tech approach; latest motor technology, built-in lithium batteries, ultra-lightweight design and integrated on-board computer.
- Best overall efficiency in the market – unique performance and range for all Torqeedo outboards.
- Wide range of products from 1 to 15 horsepower equivalent with innovative accessories such as solar charging technology and powerful lithium batteries.
- Young, successful company, founded in 2005 in Starnberg, Germany.
- Winner of multiple national and international innovation awards, including Deutscher Gründerpreis, 2008 (German Startup awards) and Red Herring Europe Top 100, 2010 along with numerous prestigious awards in the marine sector.
- Torqeedo products inspire a worldwide fan base which is growing daily in more than 40 countries.