Company profile: Norsepower
1.1 - Company Overview
Company description
- Provider of low-maintenance, software-operated, data-verified auxiliary wind propulsion systems for the global maritime industry, including the Norsepower Rotor Sail™, a modernized Flettner rotor using the Magnus effect to create thrust and reduce ships’ fuel consumption and emissions.
Products and services
- Auxiliary Wind Propulsion Systems: Low-maintenance systems for global maritime vessels, software operated and data verified to reduce fuel consumption and emissions by generating renewable wind energy
- Norsepower Rotor Sail™: A modernized Flettner rotor employing the Magnus effect to create thrust for ships, cutting fuel consumption and emissions as an auxiliary wind propulsion component
- Software-Operated Data Verification: Software operated control with data verified performance for auxiliary wind propulsion on ships, supporting renewable wind energy generation for the global maritime industry
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Norsepower
Arc
HQ: United States
Website
- Description: Provider of electric boats and smart boating software, using aerospace-inspired engineering and custom battery packs for stability, range, and speed; offers Arc One luxury cruiser and Arc Sport high-performance wake boat with advanced software, auto-retract hardtop tower, bow & stern thrusters, significant storage, over-the-air updates, and an electric powertrain that reduces maintenance and operational costs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Wanderlust Group
HQ: United States
Website
- Description: Provider of marketplaces and technology platforms connecting adventurers to destinations. Offerings include Dockwa for digital marina search, reservations and payments; Marinas.com, a marina directory and review site; the upcoming Campouts for camping reservations; a transaction processing system for boaters; an end-to-end marina operating system; and an industry data and benchmarking platform. Used by 250,000+ people across 15,000 destinations in 30+ countries.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Wanderlust Group company profile →
Boatzon
HQ: United States
Website
- Description: Provider of a FinTech and InsurTech-enabled online boat and marine marketplace offering quick access to new and used boats, motors, trailers, marine supplies, and more. Customers can view, finance, insure, and buy boats or marine equipment entirely online. Services include boat financing and insurance, protection plans, and options to sell your boat via instant cash offers or broker listings.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Boatzon company profile →
Corvus Energy
HQ: Norway
Website
- Description: Provider of lithium-ion energy storage systems for maritime, offshore, subsea, and port applications, delivering modular ESS solutions such as Orca, Dolphin, Moray, and Blue Whale for vessels and subsea use. Offers cloud-based real-time monitoring and optimization via the Corvus Vessel Information Portal and is developing maritime-certified hydrogen fuel cell systems with Toyota to extend zero-emission vessel range.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Corvus Energy company profile →
Marine Press
HQ: Canada
Website
- Description: Provider of e-Navigation solutions to the marine industry, pioneering digitalization. With beginnings in 1992 as a supplier of paper products, the company introduced Digitrace in 1996, the world's first digital paper correction platform, and has built an international reputation for exceptional customer service.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Marine Press company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Norsepower
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Norsepower
2.2 - Growth funds investing in similar companies to Norsepower
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4 - Top valuation comps for Norsepower
4.2 - Public trading comparable groups for Norsepower
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