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Epropelled Raises $15 Million Series A For Disruptive Ev Technology

Dec 08, 2021•over 3 years ago

Amount Raised

$15 Million

Round Type

series a

Lowell

Description

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 Information

Company

E Propelled

Location

Lowell, Arkansas, United States

About

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

Funding Insights

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