Paris, January 18, 2024 – Blueprint Partners, a leading European corporate finance boutique, advised TEMO, the leader of electric propulsion solutions for the leisure boating industry, on its €6 million Series A financing. This new round was led by At One Ventures and Bpifrance Ecotechnologies 2 fund.
TEMO offers electric propulsion solutions for leisure boats, aiming to achieve 100% decarbonization of the yachting sector. Founded in 2018 by Alexandre Seux and Justine Perussel, who have extensive experience in the industry, TEMO designs, manufactures and sells products that enable boaters to have a quiet, smooth and eco-friendly boating experience, while meeting the current and future environmental standards.
In 2020, TEMO sold more than 5,000 units of its patented product, the TEMO.450, in 15 countries. Renowned for its lightweight composition and innovative ergonomic design, the TEMO.450 has garnered numerous awards and recognitions from opinion leaders. Building on this success, TEMO introduced its second product in 2023, the TEMO.1000, generating impressive pre-sales orders.
The Series A funds raised will be used to boost the development of higher power range products while supporting TEMO in its global distribution expansion.