ACEL Power, a Vancouver, BC, Canada-based company which specializes in marine electric innovation, raised $10M in Series A funding.
The round was led by Tau Capital. Brad Allen of Tau also joined ACEL as a board director.
The company intends to use the funds to enhance its R&D innovations, scale operations, and advance sales opportunities.
Led by CEO Anthony Liu, ACEL Power designs and manufactures electric outboard propulsion systems for the marine landscape. The company currently mass produces the high-powered Intelligent Electric Series, IE 50 (50HP) and IE 75 (75HP) electric outboards, and will bring the IE 150 (150HP) and IE 250 (250HP) motors to market in fall 2024.
FinSMEs
17/07/2024