Yamaha has signed an agreement to acquire all shares of marine electric propulsion manufacturer Torqeedo, with the aim of strengthening its development capabilities in the field of electric propulsion, as well as supporting Yamaha’s efforts to help achieve carbon neutrality in the marine industry.
A pioneer in the field of electric propulsion, Torqeedo offers a wide-ranging line of products; from electric outboards to batteries and various other accessories. It is a huge asset to the Yamaha Marine family.
With sales in the small electric marine engine market on the rise in Europe, Torqeedo’s business has grown exponentially, with many patents relating to electric marine engines, propellers and electric systems, as well as important research and development capabilities, mass-production equipment and development resources for next-generation environmental technologies.
This acquisition will also support and accelerate Yamaha’s efforts for achieving carbon neutrality in the marine industry as well as aid in fast-tracking the establishment of a small electric propulsion line-up.
Furthermore, combining Torqeedo’s assets with Yamaha’s decades of technical expertise and know-how in hull design, marine engines and more will birth synergies for creating mid-range electric outboard marine engines as Yamaha strives to become a leader in the growing market for electric boat propulsion.
www.yamaha-motor.eu/gb/en/marine
