Blueprint Partners advised TEMO, a leader in electric propulsion solutions for leisure boats, in securing €6 million in Series A financing led by At One Ventures and Bpifrance Ecotechnologies 2.
Target Company Overview
Blueprint Partners, a prominent European corporate finance boutique, recently facilitated a €6 million Series A financing for TEMO, a leader in electric propulsion solutions aimed at the leisure boating industry. Established in 2018 by industry veterans Alexandre Seux and Justine Perussel, TEMO is dedicated to achieving 100% decarbonization of the yachting sector by designing, manufacturing, and selling electric propulsion products that provide boaters with a quiet, smooth, and environmentally friendly experience.
In 2020, TEMO successfully sold over 5,000 units of its flagship product, the TEMO.450, across 15 countries. The TEMO.450 is recognized for its lightweight construction and innovative ergonomic design, receiving numerous awards and accolades from industry experts. Capitalizing on its early success, TEMO launched its second product, the TEMO.1000, in 2023, which has already generated significant pre-sales interest.
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Industry Overview
Within the European market, the leisure boating industry is undergoing a transformative shift towards sustainability and innovation. As environmental regulations tighten and consumer preferences shift toward eco-friendly alternatives, electric propulsio
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At One Ventures and Bpifrance Ecotechnologies 2 fund
invested in
TEMO
in 2023
in a Series A deal
Disclosed details
Transaction Size: $6M