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Epropelled Raises $15 Million Series A For Disruptive Ev Technology

Epropelled Raises $15 Million Series A For Disruptive Ev Technology

12/08/21, 8:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglowell
Money raised
$15 million
Round Type
series a
ePropelled, the Massachusetts-based technology company that offers leading-edge electric propulsion systems, today announced the closing of the final tranche of a $15 million Series A round of financing from strategic individual investors. Already in revenue with commercially available products, the funding will be used to accelerate continued product innovation and market penetration through expanded sales and marketing.

Company Info

Company
E Propelled
Location
lowell, arkansas, united states
Additional Info
ePropelled designs intelligent motors, motor controllers, generators, and power management systems. Our technology helps reduce energy consumption and improve system efficiency at a lower cost in the aerospace, manned and unmanned aerial vehicles, electric vehicles, and pump markets. We are a leader in magnetics engineering, and our patented technology innovations are used in the air, on the road, and on water, defining the future of electric propulsion. ePropelled has offices in the United States, Europe, and India and collaborates with manufacturers of all types and sizes around the world. For more information, please visit epropelled.com. SOURCE ePropelled