ACEL Power raised $10M in a Series A funding led by Tau Capital to drive sales and advance renewable energy solutions in the marine industry.
Amount Raised
$10 Million
Round Type
Series A
VancouverManufacturingInvestors
Description
ACEL Power, a trailblazer in marine electric innovation, has closed their oversubscribed Series A round with US$10M in funding. The funding was led by Tau Capital, an Abu Dhabi-based private venture capital firm committed to supporting advancements in science and technology for a positive impact on the world. With this capital raise, ACEL will focus on increasing its mass production capacity, launching higher horsepower solutions, and advancing sales opportunities.
Quick answer
ACEL Power raised $10 Million in a Series A round, dated July 17, 2024. Investors: Tau Capital. ACEL Power is based in Vancouver, British Columbia, Canada.
- How much did ACEL Power raise?
- ACEL Power raised $10 Million in a Series A round on July 17, 2024.
- Who invested in ACEL Power?
- Tau Capital is named as investors in this round.
- What does ACEL Power do?
- ACEL Power is a Vancouver-based company that designs and manufactures electric outboard propulsion systems for the marine industry.
- Where is ACEL Power based and how big is it?
- ACEL Power is based in Vancouver, British Columbia, Canada. Fundz records about 19 employees.
- Who are the decision-makers at ACEL Power?
- Fundz holds 1 contact at ACEL Power. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as ACEL Power that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- Pipeline2Space raised $17K (Pre-Seed) on August 30, 2024.
- Sustainable Composites raised $75K (Seed) on August 30, 2024.
- Okami Medical raised $19M on August 30, 2024.
- Evo raised $3.3M on August 30, 2024.
- Level raised $3.6M (Seed) on August 29, 2024.
Who to call at ACEL Power, and when
A new round usually means ACEL Power is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day ACEL Power raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ACEL Power, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at ACEL Power. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment ACEL Power raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Funding Insights
What this usually meansACEL Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.