ACEL Power Raises $10M for Electric Marine Innovations and Expansion

ACEL Power raises $10M in Series A Funding

ACEL Power (Linkedin), a leading marine electric innovation company based in Canada, recently secured $10M in Series A funding. They specialize in designing and manufacturing electric outboard propulsion systems for the marine industry, catering to environmentally conscious customers and boat rental companies.

Funding Amount: $10 million

Industry: Transportation, Logistics, Supply Chain and Storage

Employee Count: 51-200

CEO: Anthony Liu (CEO Linkedin)

What ACEL Power needs to buy: ACEL Power is seeking partnerships with research institutions, technology companies, manufacturers, distributors, and retailers. Companies specializing in R&D;, manufacturing, supply chain solutions, and sales and distribution channels are ideal partners to support ACEL Power's growth and market expansion in the marine electric propulsion sector.