When was INGINE founded?

INGINE was founded in 2011 and raised its 1st funding round 5 years after it was founded.

Where is INGINE located?

INGINE is headquartered in Seoul, South Korea.

Who is the current CEO of INGINE?

Yong Jun Sung of INGINE. They have also founded 1 company.

Is INGINE a funded company?

INGINE is a funded company, having raised a total of $2.99M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 14, 2016.

When was the latest funding round of INGINE?

INGINE's latest funding was a $***** Conventional Debt round on May 17, 2021, with participation from 1 investor.

Where does INGINE rank among its competitors?

INGINE ranks 23rd amongst 128 active competitors, of which 41 are funded. It stands 14th in terms of total funding among its competitors. The most recent competitor to raise funding was CorPower Ocean, which secured an undisclosed amount in Jul, 2025.

Who are the top competitors of INGINE?

INGINE's top competitors include Ocean Power Technologies, Carnegie Clean Energy and CorPower Ocean. Among them, CorPower Ocean secured the most recent funding round in July, 2025.

INGINE - 2026 Company Profile, Team, Funding & Competitors

INGINE is a seed company based in Seoul (South Korea), founded in 2011 by Yong Jun Sung. It operates as a Technology solutions provider for energy harvesting from the wave. INGINE has raised $2.99M in funding from SK Innovation and Coolidge Corner Investment. The company has 128 active competitors, including 41 funded and 8 that have exited. Its top competitors include companies like Ocean Power Technologies, Carnegie Clean Energy and CorPower Ocean.

Company Details

INGINE is a technology solutions provider for energy harvesting from the wave. It offers a Wave Energy Converter technology that can generate power using wave movements. It can be installed in breakwater barriers in coastal areas. Other solutions include Multi-DOF Energy Recovery Technology which can generate energy from waves irrespective of their direction.

Website: www.ingine.co.kr/
Social
Email ID: *****@ingine.co.kr
Phone Number: +82 **********

Key Metrics

Founded Year

2011

Location

Seoul, South Korea

Stage

Seed

Total Funding

$2.99M in 3 rounds

Latest Funding Round

Conventional Debt, May 17, 2021, $*****

Investors

SK Innovation & 5 more

Ranked

23^rd among 128 active competitors

Similar Companies

Ocean Renewable Power Company & 21 more

View INGINE's full profile

INGINE is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Injin CIN: 220-88-22552 , South Korea, Active	Aug 08, 2011	-	-	-

INGINE has raised a total funding of $2.99M over 3 rounds. Its first funding round was on Aug 14, 2016. Its latest funding round was a Conventional Debt round on May 17, 2021 for $*****. 1 investor participated in its latest round. INGINE has 6 institutional investors.

Here is the list of recent funding rounds of INGINE:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 17, 2021	4615163	Conventional Debt	5968238	4986627	9239699	1681076
Jul 23, 2020	6331351	Seed	1135569	9987532	4676194	2769660
Aug 14, 2016	8264163	Seed	3415196	3457731	Coolidge Corner Investment	9705094

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View details of INGINE's funding rounds and investors

The founders of INGINE is Yong Jun Sung. Yong Jun Sung is the CEO of INGINE.

Here are the details of INGINE's key team members:

Yong Jun Sung: Founder & CEO of INGINE.
Contact Info: 1 email address

View details of INGINE's Founder profiles and Board Members

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Top competitors of INGINE include Ocean Power Technologies, Carnegie Clean Energy and CorPower Ocean. Here is the list of Top 10 competitors of INGINE, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ocean Power Technologies 1984, Monroe Township (United States), Public	Ocean energy technology provider offering intelligent maritime solutions	-	Aspire Capital, Government of Australia & 5 others	62/100
2nd	Carnegie Clean Energy 1987, Fremantle (Australia), Public	Provider of CETO wave energy converter and solar PV systems	-	Government of Australia, Government of Western Australia ... & 9 others	62/100
3rd	CorPower Ocean 2009, Stockholm (Sweden), Series B	Wave energy converter solutions provider	$91.4M	Midroc, Swedish Energy Agency & 16 others	61/100
4th	Ocean Renewable Power Company 2004, Portland (United States), Series C	Helical horizontal axis turbines	$40.7M	Canadian Shield Capital, DOE & 6 others	59/100
5th	Pavegen 2009, London (United Kingdom), Series B	Energy harvesting floor tiles	$17.1M	Hinduja Group, Tamar Capital & 10 others	58/100
6th	Eco Wave Power 2011, Tel Aviv (Israel), Public	Provider of wave power and wave energy devices	$5M	PortXL, Pirveli Ventures & 4 others	58/100
7th	Schottel Hydro 1921, Morsbach (Germany), Funding Raised	Provider of hydrokinetic turbines and semi-submerged platforms	-	Canadian Space Agency, Schottel Hydro & 11 others	55/100
8th	Ocean Harvesting Technologies 2007, Karlskrona (Sweden), Seed	Developer of wave energy converter technology for electricity generation	$355K	Lundin Foundation, Swedish Energy Agency & 2 others	54/100
9th	Wavepiston 2006, Gribskov (Denmark), Seed	Power generation solutions using wind energy	$7.46M	Arbejdernes Landsbank, Seedrs & 4 others	47/100
10th	Oscilla Power 2009, Seattle (United States), Seed	Provider of wave energy harvesting system	$6.79M	DOE, Hanfield Venture Partners & 7 others	47/100
23rd	INGINE 2011, Seoul (South Korea), Seed	Technology solutions provider for energy harvesting from the wave	$2.99M	SK Innovation, Korean Development Bank & 4 others	37/100