Torqeedo acquires Moonwave Systems, enters the hybrid drive sector of the yachting industry

DUSSLEDORF -- Two of the most innovative companies in electric and hybrid drives on the water are joining forces. Announcing the acquisition of Moonwave Systems GmbH, Torqeedo is expanding its product portfolio by entering the electric hybrid drive sector for yachts. A respective agreement has been signed by the management of both companies, and the acquisition will be formally announced at the Düsseldorf boat show on Saturday, January 18.

The newly developed systems will not only provide hybrid electric propulsion, but will also power all AC and DC house loads, including air conditioning and large, home-style appliances. Green energy from regeneration and solar panels will be fully integrated into the vessel's energy management system. Yachts equipped with the new hybrid drive system can travel silently, offer joystick docking and take advantage of noiseless, environmentally friendly energy sources while at anchor.

The hybrid drive system integrates components from Torqeedo's Deep Blue product line – winner of multiple international innovation awards – and from Moonwave Systems.

"This is a really significant step for marine hybrid systems," said Dr. Christoph Ballin, CEO of Torqeedo GmbH. "Combining Moonwave's state-of-the-art system developments with our high-tech propulsion systems, we can provide a fully integrated solution for propulsion and energy management. All components have been designed to work together and have been tested in a complete system-setup. For complex hybrid systems, this is extremely important."

Stephan Schambach, managing director of Moonwave Systems GmbH, on the merger with the market leader in electric propulsion said, "We founded Moonwave Systems to offer the most advanced hybrid drive concept for yachts on the market. In recent months, we recognized that the best way of accomplishing that is through working with Torqeedo. We're delighted to be realizing our concept and bringing it to market together with the team from Torqeedo."

The products resulting from the alliance of these two clean-technology companies will initially be aimed at yacht manufacturers. Existing yachts can also be retrofitted with the new hybrid systems.


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