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§ Private Profile · Vancouver, BC, Canada
Marine technology company designing and manufacturing electric outboard propulsion systems for recreational and commercial boats.
Based in Vancouver, British Columbia, ACEL Power designs and manufactures electric outboard propulsion systems and integrated smart marine software for recreational and commercial boats. The company produces a scalable range of electric motors outputting from 50 to 250 horsepower, alongside compatible high-capacity battery systems and dedicated charging infrastructure. In July 2024, the hardware manufacturer secured $10 million in Series A venture funding led by Tau Capital, whose managing director Brad Allen subsequently joined the corporate board of directors. The enterprise distributes its hardware directly to consumers, commercial fleet operators, and marine original equipment manufacturers across North America. To scale its global distribution network, the business recently signed a five-year commercial agreement to supply 1,000 electric propulsion units to manufacturing partner Gospel Boat. ACEL Power was founded in 2021 by Anthony Liu and John Liu.
ACEL Power has raised $10.0M across 1 funding round.
ACEL Power has raised $10.0M in total across 1 funding round.
ACEL Power has raised $10.0M in total across 1 funding round.
ACEL Power's investors include Tau Capital.
ACEL Power has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 17, 2024 | $10M Series A | TAU Capital | — | Announced |