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Torqeedo adds venture capital investor

by Media Services on 29 Mar 2012
Torqeedo is light weight, powerful and environmentally friendly. MIAA
Electric outboard manufacturer Torqeedo reported that the venture arm of the Bosch Group invested in the company.

Robert Bosch Venture Capital GmbH acquired a minority share in Torqeedo, and the company said the financing will help Torqeedo accelerate its growth and continue to develop its range of products.

'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,' Christoph Ballin, Torqeedo co-founder and CEO, said in a statement.

Existing investors also participated in this financing, alongside Robert Bosch Venture Capital, Torqeedo said.
'Torqeedo is in an excellent global position to drive marine electric-mobility forward,' Dieter Kraft, an investment partner from Robert Bosch Venture Capital, said in a statement.

More at www.torqeedo.com
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