French electric marine motor manufacturer Temo has completed a $6.5 million Series A financing round with the U.S. impact fund At One Ventures, managed on behalf of the French government by investment bank Bpifrance.
Based in Vannes, Brittany, Temo was founded in 2018 by Alexandre Seux and Justine Perussel. In 2020, the company introduced its first motor, the Temo 450, and reports sales of more than 5,000 units in 15 countries. The Temo 1000 was launched in 2023.
“The combination of At One Ventures and Bpifrance makes an excellent investment team for Temo,” Seux, CEO of Temo, said in a statement. “They will help us grow our business internationally and continue our vision for a carbon-free recreational boating sector. With the Series A funds, we will accelerate our product roadmap and distribution, including in North America.”
Temo said the funding will allow the company to accelerate the development of its offerings, aiming to add three new units by 2027.
Temo motors are built in France, and around 70% of the components come from suppliers within the country. To support its growth, Temo said it plans to recruit 100 employees in the next five years.
