Huracan Marine secured its first capital increase of €8 million with Geneva Metals to enhance its electric marine motor development and market expansion.
Target Information
Huracan Marine, based in Ronchis (Udine), specializes in the production and marketing of electric outboard and inboard motors with power outputs up to 50 kW, along with hybrid systems. The company positions its electric marine motors as premium offerings in the market, catering to recreational boating customers and businesses involved in the transportation of goods and people, particularly in environmentally sensitive marine areas where conventional combustion engines may be restricted.
Founded by Franco Moro, a former engine development head at Aprilia Racing, and Leandro Scomazzon, former CEO and Vice President of Aprilia, Huracan Marine has developed innovative solutions that enhance the performance and range of electric propulsion boats. The technology they have created is protected by patents, ensuring a competitive edge in the growing electric marine sector.
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Industry Overview
The electric mobility industry is experiencing significant growth globally, particularly within marine sectors. In Italy, there is an increasing focus on sustainable boating solutions, driven by both regulatory pressures and
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Geneva Metals
invested in
Huracan Marine Srl
in 2023
in a Series A deal
Disclosed details
Transaction Size: $8M
Equity Value: $8M