Torqeedo

What Torqeedo does

Torqeedo GmbH, founded in 2005 in Starnberg, Germany, and now a wholly-owned subsidiary of Yamaha Motor Co. Ltd. following the April 2024 acquisition, designs and manufactures electric and hybrid marine propulsion systems spanning 0.5 to 200 kW. The product architecture is organized around three families: Travel (1–5 HP equivalent outboards for tenders, dinghies, and daysailers), Cruise (6–25 HP equivalent pod drives and outboards for vessels up to 12 tons), and Deep Blue (25–100 kW inboards, outboards, and hybrid systems for yachts and commercial vessels). Underlying technologies include direct-drive motors, integrated lithium battery systems (Power 24-3500, Power 48-5000), an intelligent Battery Management System, the proprietary TorqLink networked communication protocol, GPS-based range calculation, and hydrogeneration algorithms that recharge batteries while sailing. The system is monitored and updated via the TorqView mobile app over Bluetooth/WiFi with OTA firmware capability.

The company monetizes primarily through one-time hardware sales (motors, batteries, accessories, spare parts) priced from approximately $1,399 (Travel XS) up to $13,999 (Cruise 12.0 pod drive), with Deep Blue commercial systems carrying materially higher price points. Go-to-market combines OEM factory integration with major yacht builders (Beneteau, Nautor Swan, Contest Yachts, J/Boats, Frauscher, Zodiac, Saffier, DELPHIA, Aquila), a global authorized dealer network spanning 100+ countries, direct e-commerce via torqeedo.com, regional distributors (GLP for eastern USA, Golden Arrow Marine for UK), and from January 2025 a distribution partnership through Yamaha's European dealer network. Customer segments span recreational boaters, sailboat owners, commercial fleet operators (urban ferries, water taxis, tour boats), and research/government institutions, with named deployments including Bangkok Metropolitan Authority passenger ferries, KiwiRail LifeCraft systems, and Nautor Swan's Swan 88 hybrid maxi yacht. As of 2024, Torqeedo reports 250,000+ installed systems worldwide, having sold its 200,000th motor in March 2023 — reaching that milestone roughly three times faster than the first 100,000 units.

Name

Torqeedo

Legal name

Torqeedo Inc.

Website

https://torqeedo.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Torqeedo designs and manufactures electric and hybrid marine propulsion systems (0.5–200 kW) for recreational boaters, commercial fleet operators, and OEM boat builders, distributed through OEM partnerships, a global dealer network, and direct sales in 100+ countries.

Ownership category

akta.pro rank

Product category

Marine Electric Propulsion

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

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

Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels) (IMAJAGAE), Propulsion Drives, Gearboxes & Shaftlines (IMAJAHAD), Marine Power Generation & Energy Storage (Generators, Batteries, UPS) (IMAJAJAB)

Keywords

• Electric marine propulsion
• Boat outboard motors
• Lithium battery systems
• Hybrid drive systems
• Pod drive motors

Headquarters

HQ city

Gilching

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D

Revenue model

1. Electric Outboard Motors: Sale of electric outboard motors including Travel (1-5 HP equivalent), Cruise (6-25 HP equivalent), and Deep Blue (40-80 HP equivalent) product lines. One-time hardware purchase with various power packages and configurations.
2. Pod Drives and Inboard Systems: Sale of Cruise FP pod drives and Deep Blue inboard motor systems for sailboats, motorboats, and commercial vessels. Includes fixed and steerable pod configurations.
3. Deep Blue Hybrid Systems: Complete hybrid propulsion systems combining electric motors with generator range extenders for extended range applications on large vessels including yachts and commercial ferries.
4. Lithium Batteries and Power Systems: Sale of integrated lithium battery packs including Power 24-3500 (24V), Power 48-5000 (48V), and Deep Blue Battery 40 for energy storage across all product lines.
5. Accessories and Spare Parts: Extensive accessory catalog including propellers, chargers, cables, steering components, anodes, and covers. Spare parts available for five years after product delivery.
6. Customized Solutions: Custom engineering and integration services for specialized vessel applications, such as the bespoke 120kW system developed for Nautor Swan's Swan 88 DreamCatcher maxi yacht.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels10 records

Core offering

Torqeedo manufactures and sells electric and hybrid marine propulsion systems ranging from 0.5 to 200 kW for recreational and commercial vessels. Core product families include the Travel outboards (1-5 HP equivalent for small boats), Cruise systems (6-25 HP equivalent for motorboats and sailboats up to 12 tons), Deep Blue inboards and outboards (25-100 kW for yachts and commercial vessels), and Deep Blue Hybrid systems integrating electric motors with range-extending generators. Supporting offerings include lithium battery systems, pod drives, saildrives, and accessories, unified by the proprietary TorqLink communication network and TorqView mobile app.

Product overview

Torqeedo is a leading manufacturer of electric and hybrid marine propulsion systems, founded in 2005 in Starnberg, Germany. The company offers a comprehensive portfolio of electric boat motors ranging from 0.5 to 200 kW for recreational and commercial applications. The product lineup centers on four main product families: the Travel Family (1-5 HP equivalent outboards for small boats), Cruise (6-25 HP equivalent for larger recreational vessels), Deep Blue (25-100 kW high-performance systems for commercial and luxury applications), and Deep Blue Hybrid (combined electric/generator systems for extended range). Supporting these are pod drives, saildrives, and a complete battery portfolio including Power 24-3500 and Power 48-5000. The ecosystem is unified through Torqeedo's proprietary TorqLink communication network and the TorqView mobile app for monitoring and control. As of 2024, Torqeedo became a subsidiary of Yamaha Motor Co. Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• Travel Family Electric Outboards Lightweight electric outboard motors for kayaks, dinghies, and daysailers up to 2 tons, ranging from 1-5 HP equivalent (700W-1600W). Features modular battery packages and direct-drive technology. Targeted at individual recreational boaters.
• Travel 903 Electric Outboard High-efficiency electric outboard with integrated 915 Wh lithium battery, 900W power output, and 14% greater range than previous models. Features IP67 waterproof rating and solar-chargeable design. Targeted at recreational boaters.
• Cruise Electric Outboards Electric outboard motors for motorboats and sailboats up to 12 tons, ranging from 6-25 HP equivalent (3.0-12.0 kW). Available as tiller-steer or remote-steered models including Cruise 3.0, 6.0, and 12.0 variants. Targeted at recreational boat owners and commercial operators.
• Deep Blue Electric and Hybrid Propulsion High-performance electric and hybrid propulsion systems for commercial vessels and yachts ranging from 25-100 kW. Includes inboard motors, outboards, and hybrid drives for urban ferries and large boats up to 120 feet. Targeted at commercial operators and premium yacht builders.
• Deep Blue Hybrid Systems Hybrid electric propulsion combining electric motor, large battery bank, and range extender (generator) for unlimited range. 25-100 kW power output enables emission-free operation with extended cruising capability. Targeted at yacht builders and commercial vessel operators.
• Cruise FP Pod Drives Fully submerged pod motors for sailing and motorboats offering 6-25 HP equivalent power. Provides clean hull appearance and efficient underwater propulsion. Targeted at sailboat owners and boat builders.
• Deep Blue Saildrives Electric saildrive systems for sailing yachts and catamarans including Deep Blue 50 Saildrive (33-67 HP equivalent) with integrated motor and propeller design. Targeted at sailing yacht builders and catamaran manufacturers.
• Power 24-3500 Battery 24V lithium battery with 3,500 Wh capacity for Travel and Cruise systems. Part of Torqeedo's integrated battery portfolio. Targeted at recreational and commercial boat owners using Torqeedo systems.
• Power 48-5000 Battery 48V lithium battery with 5,000 Wh capacity for Cruise and Deep Blue systems. High-capacity option for longer range applications. Targeted at commercial vessel and yacht operators needing extended range.
• Customized Solutions (Bespoke Engineering) Bespoke engineering service that designs and integrates custom electric and hybrid propulsion systems for specialized vessels and OEM partners. Example: 120kW Deep Blue system with 160kWh storage for Nautor Swan Swan 88 DreamCatcher. Targeted at luxury yacht builders and specialized commercial vessel operators.

Quantifiable outcome

• 14% greater range compared to previous generation (Travel 903 vs Travel 1103)
• +6 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature7 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Cox Marine: UK-based specialist in high-power diesel outboards (CXO300) for commercial, military, and patrol applications. Indirectly competes with Torqeedo's Deep Blue in the commercial vessel segment where ICE incumbency still dominates high-horsepower use cases.

Direct peers

• ePropulsion: China-based manufacturer of electric outboard motors (Spirit, Navy, and Pod series) and pod drives with integrated batteries. Directly competes with Torqeedo's Travel, Cruise, and pod drive product families across recreational and light-commercial segments.
• Pure Watercraft: US-based electric outboard and boating company offering integrated electric propulsion for small boats. Competes with Torqeedo's Travel and Cruise lines in the recreational freshwater segment with a similarly clean-sheet electric approach.
• Vision Marine Technologies: Canadian-listed company developing high-power electric outboard propulsion (E-Motion 180E) and partnering with boatbuilders for OEM integration. Overlaps with Torqeedo's Deep Blue line in the high-performance recreational and rental segments.
• Seven Marine: US-based manufacturer of high-horsepower outboard engines (627S) targeting premium sport boats and yacht tenders. Compares with Torqeedo's higher-power Deep Blue outboards at the upper end of the recreational propulsion spectrum.
• Elco Motor Yachts: Long-established US manufacturer of electric inboard and outboard marine motors since the 1890s, with modern lithium-compatible product lines. Competes with Torqeedo in electric auxiliary propulsion for sailboats and displacement vessels.
• Bellmarine: Dutch manufacturer of electric inboard, outboard, and saildrive systems for recreational and commercial vessels. Directly comparable to Torqeedo's Cruise, Deep Blue, and saildrive offerings with a similar European OEM-driven GTM motion.

Broad incumbents

• Volvo Penta: Marine propulsion division of Volvo Group, supplying diesel and increasingly electric marine drivelines for leisure and commercial boats. Competes with Torqeedo Deep Blue in hybrid and electric commercial propulsion, especially for larger vessels.
• Mercury Marine: Largest global outboard and sterndrive manufacturer under Brunswick Corporation, recently launching the Avator electric outboard line. Competes with Torqeedo across marine propulsion with vastly greater scale, dealer network, and OEM relationships.
• Yamaha Motor (parent): Japanese global marine propulsion OEM that acquired Torqeedo in April 2024. Now the parent company, Yamaha overlaps in conventional outboards and sterndrives while leveraging Torqeedo for its electric Marine CASE Strategy roadmap.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/TORQEEDOGmbH
• Xx.com/TORQEEDOGmbH
• Facebookfacebook.com/torqeedo
• LinkedInlinkedin.com/company/1341819

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A1 record

Investments

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

Frequently asked questions about Torqeedo