Torqeedo GmbH

Torqeedo GmbH

Torqeedo GmbH

Overview
Date Founded

2005

Headquarters

Friedrichshafener Straße 4a,Gilching, Bayern (Bavaria) 82205

Type of Company

Private

Industries

Wholesale: Industrial Products & Manufacturing
Luxury & Specialty Goods
Electrical Products

Company Description

Torqeedo GmbH develops and commercializes electric boat drives. Its products include ultralight drives, travel drives, cruise drives, deep blue and hybrid drives, power drives, and applications and spare parts. The company was founded by Friedrich Bobel and Christoph Ballin in 2005 and is headquartered in Gilching, Germany.

Executives & Employees

Chief Executive Officer, Co-Founder

Chief Operating & Technology Officer

President, Torqeedo Inc

Director, Quality & Service

Senior Vice President-Sales

Vice President-Electronics & Software Development

Vice President-Mechanical Development

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Recent Transactions
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DEUTZ AG purchases Torqeedo GmbH from BayBG Bayerische Beteiligungsgesellschaft mbH, Co-Investor AG, EXTOREL GmbH, Mountain Partners AG, KfW Mittelstandsbank (Private Equity)

Investors
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Head-Strategy at DEUTZ AG

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Former Managing Partner at Torqeedo GmbH

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BayBG is regional generalist private equity investor. The firm invests across sectors in private equity transactions and venture capital projects exclusively in the Bavaria region in southeastern Germany. They invest between EUR 200 thousand and 5 million in the form of direct equity or as a silent partner, and acquire minority stakes. They may also provide mezzanine financing. They often co-invest and share due diligence with the KfW group.BayBG invests in a variety of transactions including startups, growth financing, restructuring, turnaround, smaller buyouts up to EUR 25 million and mid-market buyouts between EUR 25 and 250 million. They target companies with EUR 3 to 100 million in turnaround. The bulk of their investments are in growth financing and modernization-enabling capital for the Bavarian Mittelstand. They invest in a wide variety of sectors including services, manufacturing, industrial machinery, electrotechnics, chemistry, oil, plasturgy, consumer goods, trade, metal works and life sciences.

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