What Piktronik does

Piktronik d.o.o. is a Slovenian power and control electronics company founded in 2000 and headquartered in Maribor, Slovenia. The company designs and manufactures electronic drive systems for electric boats, electric vehicles, and selected industrial applications, with a portfolio that spans the full powertrain vertical: permanent magnet synchronous motors (PMSMs) from 10kW to 180kW, motor controllers, battery management systems (including the HV2 series), onboard power chargers (including the KOP23), and DC/DC converters. The technology is positioned to replace internal-combustion propulsion in marine and light-industrial use cases, where high efficiency, low noise, and integration into OEM platforms are key buying criteria. The company is privately held, operates with 11–50 employees, and holds ISO 9001:2015 certification.

Piktronik's business model is B2B sales of components and complete drive systems to OEM customers, primarily in the European marine sector. Named customers include electric boat builders Boote Marian and Boesch as well as US towboat OEM MasterCraft. The company also monetizes a portion of its R&D effort through co-funded development projects, notably the IOTBAT project (approximately €535,582 budget) and the MODEL+ consortium project (approximately €2,066,675 budget), the latter conducted with partners including ROBOTINA, KRONOTERM, and Inova IT, and supported by Slovenia's Ministry of Economy and the TECES cluster. These projects provide non-dilutive capital and extend the company's technical roadmap into IoT-enabled batteries and industrial automation.

The company's go-to-market combines direct OEM supply (where motors, controllers, BMS, and chargers can be sold as an integrated system or as individual subsystems) with collaborative R&D partnerships (DANFOSS Trata, KRONOTERM, Inova IT, TECES) that provide both technical capability and channel access. Pricing is project/contract-based tied to system specification rather than disclosed list pricing, consistent with low-volume, high-mix B2B power electronics sales. The geographic footprint is European-centric, with one disclosed US OEM customer (MasterCraft), and the company has not signaled international manufacturing or distribution expansion in the available data.

Name

Piktronik

Legal name

Piktronik d.o.o.

Website

https://piktronik.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Piktronik d.o.o. is a Slovenian power electronics company that designs and manufactures motors, motor controllers, battery management systems, and onboard chargers for electric boat, vehicle, and industrial OEMs in Europe.

Ownership category

akta.pro rank

Product category

Power Electronics and Electric Drive Systems

NAICS

Motor and Generator Manufacturing (335312), Relay and Industrial Control Manufacturing (335314)

SIC

Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)

akta.pro secondary industries

AC Motors (Induction, Synchronous) (IMAGACAA), Motion Control Controllers & CNC/Robot Drives (Motion Controllers, Multi-axis) (IMAGACAH), Industrial Control Cabinets & Power Distribution (Panels, Switchgear for Automation) (IMAHAHAK)

Keywords

• Electric drive systems
• Permanent magnet motors
• Motor controllers
• Battery management systems
• Marine propulsion electronics

Headquarters

HQ city

Maribor

HQ country

Slovenia

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Power and Control Electronics: Design and production of complete drive systems for battery-powered vehicles and boats, including motors, controllers, chargers, and power electronics
2. Custom Design Services: Custom design solutions for specific customer requirements in power electronics and drive systems

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Piktronik d.o.o. designs, develops and manufactures complete power and control electronic systems for battery-powered vehicles, boats and industrial equipment. The portfolio comprises permanent magnet synchronous motors (PMSM) from 10kW to 180kW, AC and DC drive controllers, power chargers up to 20kW, DC/DC converters, battery management systems, lithium batteries and turnkey drive systems, sold both as individual components and as fully integrated propulsion solutions.

Product overview

Piktronik designs and produces power and control electronic systems for battery-powered vehicles, boats, and industrial applications. The product portfolio centers on complete drive systems comprising permanent magnet synchronous motors (PMSM series from 10kW to 180kW), motor controllers (AC/DC drive controllers), power chargers (including the KOP23 20kW charger), battery management systems, DC/DC converters, displays, and complete turnkey solutions. The portfolio also includes various components, safeguards, submersible motors, lithium batteries, software, and custom design services. The company offers both current products and maintains an archive of obsolete products for legacy support.

Differentiator

Problem solved

Functional benefit

Products and services

• PMSM Motors Water-cooled Permanent Magnet Synchronous Motors (PMSM) ranging from 10kW to 180kW shaft power, achieving efficiency up to 97%, used for electric boat and electric vehicle propulsion.
• KOP23 Power Charger 20kW power charger supporting battery voltages up to 750V with charging current up to 67A, efficiency up to 95%, galvanic isolation, programmable for lithium batteries, compatible with single and three-phase AC networks.
• HV2 Galvanically Isolated Transducer Current and voltage transducer for galvanically isolated measurements in battery systems, with integrated shunt (300A/50mV), used with GD2 or GD2HV-BM displays.
• AC Drive Controllers AC drive controllers for electric propulsion systems in battery-powered boats and vehicles.
• DC Drive Controllers DC drive controllers for electric propulsion and motor control in battery-powered vehicles and boats.
• DC/DC Converters DC/DC voltage converters for battery-powered vehicle and boat electrical systems.
• Battery Management Systems Battery management systems for monitoring and managing lithium battery packs in electric vehicles and marine applications.
• Lithium Batteries Lithium battery packs for electric boats, vehicles and industrial applications.
• Complete Drive Systems Turnkey integrated drive systems combining motor, controller, charger, DC/DC converter and display into a single bundled solution for electric boats and battery-powered vehicles.
• Custom Design Services Bespoke design and engineering services for power electronics and drive systems tailored to specific customer requirements in marine, automotive and industrial applications.

Quantifiable outcome

• Motor efficiency up to 97%
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• REM d.o.o.coreStrategic or Co-development Partner · 1 April 2023Leading partner in MODEL+ project developing modular objects with new construction solutions. Piktronik contributes high-voltage battery energy storage systems.
• DANFOSS Trata d.o.o.coreStrategic or Co-development Partner · 1 April 2023Project partner in MODEL+ developing heating and cooling systems with smart drive and AI technology.
• KRONOTERM d.o.o.coreStrategic or Co-development Partner · 1 April 2023Project partner in MODEL+ developing modular thermal-energy units (heat pump, heat storage, sanitary water storage).
• ROBOTINA d.o.o.coreStrategic or Co-development Partner · 1 April 2023Project partner in MODEL+ developing energy management systems with digital twin capabilities.
• TECES (Cluster of Green Technologies)supportingStrategic or Co-development Partner · 1 April 2023Project coordination for MODEL+ under the Slovenian Partnership for Energy and Environment (SiEnE) in the defense sector.
• Inova IT d.o.o.coreTechnology or Integration · 1 November 2022Joint development of communication modules and cloud/backend systems for IoT-enabled electric vehicle and vessel monitoring. Inova IT develops the cloud infrastructure and user applications while Piktronik provides the communication hardware module that monitors systems via CAN bus.
• Ministry of the Economy, Tourism and Sport (Slovenia)supportingOthersGovernment body providing co-financing for IOTBAT project (€292,210.91 of €535,581.82 total cost) as part of green transition and digitization support.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• VETUS: VETUS is an established supplier of marine engineering systems (electric propulsion, bow thrusters, batteries, charging) serving OEM boat builders. It competes with Piktronik in marine electric drivetrains but operates a much broader marine systems portfolio.
• Volvo Penta: Volvo Penta supplies marine propulsion systems (including an expanding electric and hybrid portfolio) to global boat builders. As a broad incumbent, it represents both the primary scale-driven competitive threat and a potential acquirer of niche specialists like Piktronik.
• ZF Marine: ZF Marine is a major propulsion systems supplier (gearboxes, transmissions, hybrid/electric drivelines) for commercial and leisure vessels. It increasingly competes in marine hybrid/electric propulsion where Piktronik also operates.
• ABB Marine: ABB Marine & Ports supplies electric and hybrid propulsion systems, power converters, and energy storage for commercial vessels. Its scope is larger and more commercial-vessel focused, but the underlying power electronics and drive technology overlaps with Piktronik's product stack.
• Cummins (Mercury Marine): Following Cummins' acquisition of Mercury Marine's parent, the group now spans diesel and electric propulsion for marine applications. Its Avator electric outboard line directly competes with Piktronik's electric drive systems in the leisure and small commercial boat segment.

Emerging players

• Electric Yacht: Electric Yacht specializes in electric conversion kits for sailboats using PMSM-based drivetrains. While smaller and focused on the retrofit segment, its product architecture mirrors Piktronik's PMSM motor + controller approach.
• Kraken Robotics: Kraken Robotics develops sub-sea batteries, power systems, and electric propulsion for underwater vehicles. While focused on defense/subsea, its product overlap in marine-grade power electronics and energy storage makes it a thematic peer for Piktronik's marine energy ambitions.

Direct peers

• Oceanvolt: Oceanvolt designs and manufactures electric propulsion systems (saildrives and motors) for sailboats and motor yachts. It directly competes with Piktronik in the integrated electric drive system category for recreational marine vessels.
• Elco Motor Yachts: Elco is a long-established US manufacturer of electric boat motors and propulsion systems. It serves the same electric boat retrofit and OEM market as Piktronik, with a comparable product portfolio of AC motors and battery systems.
• Torqeedo: Torqeedo is the leading specialist in electric propulsion systems for boats (outboard and inboard motors, batteries, chargers). It is the closest direct competitor to Piktronik in marine electric drive systems, serving the same leisure and light commercial boat OEM segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Piktronik