Yamaha Motor acquires electric marine engine manufacturer Torqeedo

24th January 2024

Yamaha Motor acquires electric marine engine manufacturer Torqeedo

Yamaha Motor has acquired the electric marine engine manufacturer Torqeedo after agreeing a stock purchase agreement of Torqeedo’s shares with Torqeedo’s German owner DEUTZ AG, with the aim of becoming a leader in the growing market for electric boat propulsion whilst achieving carbon neutrality in the marine industry.

Torqeedo, founded in 2005, is globally recognised for its electric boat engines all designed to reduce environmental impact. It produces propulsion for recreational boating – models include the Ultralight, Travel and Cruise electric marine engine. The business, with its HQ in Wessling, Germany, also provides its professional and commercial marine clients with outboards, inboards, batteries and accessories – it has produced powerful 200 kW systems and battery banks boasting high triple-digit kWh capacities used on 30-metre-plus blue-water catamarans and autonomous ferries. The company’s founding team set new standards with powerful lithium-manganese batteries and 24 times more torque than competing motors.

This acquisition is aimed at strengthening Yamaha’s development capabilities in the electric field of its ‘marine CASE strategy’, which outlines the general direction for the marine products business in the current medium-term management plan.

Ben Speciale, President of Yamaha U.S. Marine Business Unit, said:

Yamaha recently announced it was unveiling a prototype hydrogen-powered outboard motor at the Miami International Boat Show 2024.

Speciale continued:

The acquisition is subject to the clearances and permits required by competition laws and other regulations.

About Yamaha Motor About Torqeedo


No comment yet.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertise with M&M 
Follow us

To stay up-to-date with Marine & Maritime Opportunities, follow us on social media.