When was Photon Marine founded?

Photon Marine was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Photon Marine located?

Photon Marine is headquartered in Portland, United States.

Who is the current CEO of Photon Marine?

Marcelino Alvarez and Marcelino Alvarez s of Photon Marine.

How many employees does Photon Marine have?

As of Jun 30, 2026, the latest employee count at Photon Marine is 16.

Is Photon Marine a funded company?

Photon Marine is a funded company, having raised a total of $190K across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2021.

When was the latest funding round of Photon Marine?

Photon Marine's latest funding was a $***** Seed round on Apr 25, 2023, with participation from 1 investor. Its primary sector is Maritime Tech. In United States, the Maritime Tech sector has seen $2.1B in funding in 2026 to date.

Where does Photon Marine rank among its competitors?

Photon Marine ranks 5th amongst 21 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Photon Marine, which secured an undisclosed amount in Apr, 2023.

Who are the top competitors of Photon Marine?

Photon Marine's top competitors include ePropulsion, Japan Engine Corporation and Everllence. Among them, Photon Marine secured the most recent funding round in April, 2023.

Photon Marine - 2026 Company Profile, Team, Funding & Competitors

Photon Marine is a seed company based in Portland (United States), founded in 2021 by Charles Steinback. It operates as a Manufacturer of electric outboard motors and electric workboats. It provides electric propulsion systems for commercial marine vessels. These systems are designed for various applications, including survey, crew transport, and marine enforcement. The company partners with boat builders to offer a complete range of electric workboats tailored to diverse operational needs. The focus is on delivering efficient, powerful, and sustainable solutions for the commercial marine sector.. Photon Marine has raised $190K in funding from investors like Portland Seed Fund, Elevate Capital and Ideaship. The company has 21 active competitors, including 4 funded and 2 that have exited. Its top competitors include companies like ePropulsion, Japan Engine Corporation and Everllence.

Company Details

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Website: www.photonmarine.com/
Social

Key Metrics

Founded Year

2021

Location

Portland, United States

Stage

Seed

Total Funding

$190K in 4 rounds

Latest Funding Round

Seed, Apr 25, 2023, $*****

Investors

Portland Seed Fund & 6 more

Ranked

5^th among 21 active competitors

Employee Count

16 as on Jun 30, 2026

Similar Companies

ePropulsion & 19 more

View Photon Marine's full profile

Photon Marine has raised a total funding of $190K over 4 rounds. Its first funding round was on 2021. Its latest funding round was a Seed round on Apr 25, 2023 for $*****. 1 investor participated in its latest round. Photon Marine has 7 institutional investors.

Here is the list of recent funding rounds of Photon Marine:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 25, 2023	6819104	Seed	1141404	6800021	6311627	5016379
Oct 23, 2022	1143695	Grant (prize money)	2761325	8218902	3586025	Bend Venture Conference
Sep 01, 2022	6487556	Seed	6570320	2046636	Elevate Capital & 1 more	8868656

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View details of Photon Marine's funding rounds and investors

The founders of Photon Marine is Charles Steinback. Marcelino Alvarez and Marcelino Alvarez are the CEOs of Photon Marine.

Here are the details of Photon Marine's key team members:

Charles Steinback: Co-Founder of Photon Marine.
Contact Info: 1 email address
Marcelino Alvarez: CEO of Photon Marine.
Contact Info: 1 email address
Marcelino Alvarez: Former Founder & CEO of Photon Marine.
Contact Info: 1 email address

View details of Photon Marine's Founder profiles and Board Members

Photon Marine's employee count trend

Photon Marine has 16 employees as of Jun 26. Here is Photon Marine's employee count trend over the years:

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Top competitors of Photon Marine include ePropulsion, Japan Engine Corporation and Everllence. Here is the list of Top 10 competitors of Photon Marine, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ePropulsion 2012, Dongguan (China), Series B	Distributor of electric outboard motors and propulsion systems	$25.5M	Lightspeed Venture Partners, Shenzhen Gaoxintou Group ... & 3 others	49/100
2nd	Japan Engine Corporation 1910, Akashi (Japan), Public	Provider of IoT-based monitoring solutions for the marine industry	-	-	45/100
3rd	Everllence 2010, Augsburg (Germany), Acquired	Provider of propulsion, decarbonization, and efficiency solutions for shipping, energy, industry	-	-	45/100
4th	SLEIPNER 1908, Fredrikstad (Norway), Unfunded	Manufacturer of electric propulsion systems and thrusters for marine applications	-	-	37/100
5th	Photon Marine 2021, Portland (United States), Seed	Manufacturer of electric outboard motors and electric workboats. It provides electric propulsion systems for commercial marine vessels. These systems are designed for various applications, including survey, crew transport, and marine enforcement. The company partners with boat builders to offer a complete range of electric workboats tailored to diverse operational needs. The focus is on delivering efficient, powerful, and sustainable solutions for the commercial marine sector.	$190K	Climate Capital, Elevate Capital & 5 others	29/100
6th	AAA Propulsion 2017, Boven Leeuwen (Netherlands), Funding Raised	Provider of POD propulsion technology for hybrid solutions	-	PortXL	28/100
7th	Adv Propulse 2020, Merignac (France), Seed	Manufacturer of vertical axis rotor propulsion systems for marine vessels	$3.4M	Naco, Peninsular Capital	27/100
8th	EKraft 2018, Dunakeszi (Hungary), Unfunded	Electronic power train manufacturer for boats	-	-	27/100
9th	DuXion 2017, St John s (Canada), Funding Raised	Provider of electric propulsion systems for aircraft and marine vessels	-	Sustainable Development Technology Canada	26/100
10th	Pulling-e 2022, Aix en provence (France), Unfunded	Developer of electronic propulsion systems for maritime solutions	-	-	25/100