Seed · Maritime · Stockholm, Sweden · Founded 2021 · 8–12 employees
Zparq develops compact electric marine motors that provide emission-free propulsion with a low CO2-footprint. The company's patented passive cooling system enables the motor to be 10 times smaller than motors with equal power, thereby offering superior design possibilities. Swedish startup Zparq has successfully closed a €2.5 million seed round led by Santander AM, Almi Invest Greentech, and EIT InnoEnergy. Zparq, a DeepTech company developing next-generation electric drivetrains out of Stockholm, has been awarded €5.5 million in EU funding and is one of only 40 European start-ups to be selected for the EIC Accelerator programme, chosen from over 1,000 applicants. The company is currently in pilot phase with several OEMs and boat builders who are testing its 10kW and 50kW motors and aims to have several units operating in water by this summer.
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