HAWTHORN WOODS, Ill. – After winning innovation awards from IBEX, METS, HISWA and Sail Magazine for its Travel electric outboard engine model, Torqeedo – a German company with a U.S. office – was recently recognized yet again when it was the first marine company to receive the German Start-Up of the Year award.
More than 100,000 companies are founded in Germany every year, according to a recent statement from Torqeedo. Out of those, 130 were nominated for the Start-Up of the Year award. First place was awarded on June 17 in Berlin, Germany.
To the committee of the Deutscher Gruenderpreis, Torqeedo combines fundamental improvements in electric propulsion, perspective on market opportunities and an international approach into an exceptionally promising enterprise, it reported.
Torqeedo said its high-tech outboards are dramatically more efficient than conventional internal combustion outboards or trolling motors.
"We are extremely proud that our work received such recognition," said Managing Director and Co-Founder Christoph Ballin. "But the award does not belong to the Torqeedo team alone. It belongs also to our customers in 37 countries who support our products and who share our philosophy of clean, strong and modern outboards."
The Deutscher Gruenderpreis is the most important recognition for exceptional entrepreneurs in Germany, according to Torqeedo.
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