Torqeedo

Torqeedo, the leader in electric propulsion: sustainable, powerful, convenient. Join us in clean boating!.

Launch date

Feb 2005

Employees

Market cap

Enterprise valuation

Company register number HRB 156207 (München)

Gilching Bavaria (HQ)

http://www.torqeedo.com

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Revenues, earnings & profits over time

EUR	2017	2018	2019	2020	2021	2022	2023
Revenues	3.8m	23.7m	32.0m	30.0m	50.0m	79.0m	96.9m
% growth	(84 %)	518 %	35 %	(6 %)	67 %	58 %	23 %
EBITDA	(2.3m)	-	-	-	-	-	-
% EBITDA margin	(60 %)	-	-	-	-	-	-
Profit	(2.5m)	-	-	-	-	-	-
% profit margin	(65 %)	-	-	-	-	-	-
R&D budget	<1m	-	-	-	-	-	-
R&D % of revenue	22 %	-	-	-	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Jan 2010	Alpina Partners	€4.7m	Early VC
Mar 2012	Bosch Ventures Alpina Partners	€5.6m	Series C
Sep 2017*	DEUTZ	N/A	Acquisition
Jan 2024*	Yamaha Motor Corporation	N/A	Acquisition
Total Funding		CAD15.5m

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