Sweden
Zparq AB is a Swedish startup founded in 2020 with the slogan "Challenging the limits of marine propulsion!" The company is revolutionizing marine electric propulsion with a compact and scalable direct-drive system designed for propeller-driven watercraft. Zparq's innovative technology is based on a novel motor design specifically adapted to submersible applications, addressing fundamental limitations of current market offerings. The company's patented passive cooling system allows its motor to be up to 10 times smaller in volume than motors with equal power.
Zparq's offerings include superior system efficiency for longer range, sustainability throughout the value chain, design possibilities with lightweight and compact solutions, as well as minimal maintenance and low noise. This makes it an attractive investment in the Manufacturing sector, especially in the marine propulsion niche.
The company recently secured a significant €2.50M Seed Round investment on 30 May 2023. The round was backed by prominent investors including EIT InnoEnergy, Almi Invest GreenTech, and Santander, showcasing strong support from reputable entities in the industry. This investment underscores the potential seen in Zparq's technology and its disruptive impact on the marine propulsion market.
