Cookie Consent by Free Privacy Policy website ePropulsion opens Hong Kong office to strengten gba-wide engineering capabilities
august 20, 2021 - epropulsion

ePropulsion opens Hong Kong office to strengten gba-wide engineering capabilities

ePropulsion, a global leader and market challenger in marine electric propulsion systems and services, is opening an office in #hongkong to strengthen its research and development (R&D) capabilities. The new facility will support ePropulsion’s growth as an elite innovator that is introducing a smarter boating experience to the world.

The new R&D capabilities in #hongkong complement ePropulsion’s Dongguan headquarters and manufacturing facilities as well as Shenzhen lab and marketing team. As a company based in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), #ePropulsion is able to leverage the region’s strengths and synergies in #science and innovation, high-tech manufacturing and professional services.

Backed by ePropulsion’s strong engineering culture, architecture and processes, the #hongkong research team will focus on the development of autonomous ship #technology and Internet of Boats (IoB). Researchers will work closely with their #ePropulsion colleagues on the Mainland and have access to advanced software simulation tools and miniaturised prototypes as well as real-world testing opportunities.

Furthermore, the new office puts #ePropulsion at the heart of Hong Kong's innovation ecosystem and further strengthens its R&D relationship with the #hongkong University of #science and #technology, where it was founded and incubated in 2012.

Danny Tao, CEO of #ePropulsion, said: “ePropulsion is proud to be charting a greener future for the boating community worldwide from the Greater Bay Area. We are investing in #hongkong because we believe in its future as an R&D centre within the world-class innovation and manufacturing hub that is the GBA.”

As one of ePropulsion’s early investors, Beyond Ventures’ Co-Founder and Managing Partner Lap Mancongratulated the company on its latest developments and continued success. Man said: “ePropulsion is democratising access to green boating and we are delighted to be a part of this transformational journey. We are proud to see them evolve into a global brand with continuous innovation that is transforming the electric propulsion market.”

ePropulsion sales revenue grew 60% in 2020, with an uptick in interest in eco-friendly recreational boating in Europe and North America, its main markets. The company is forecasting 100% growth in 2021, propelled by new and evolving outboard motor product lines and upcoming innovations such as an ergonomic tiller and safety wristband.

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