Ocean Power Technologies

About Ocean Power Technologies

Ocean Power Technologies (OPT) delivers advanced unmanned systems for persistent operations across oceans, lakes, and inland waterways. Their platforms combine autonomous intelligence, real-time data collection, and renewable energy to support defense and commercial sectors, enhancing security, data gathering, and operational efficiency.

Products & Services

PowerBuoy(r):Provides uninterrupted power to on-board systems or subsea equipment, enabling continuous operations in remote ocean environments with real-time data transfer and communication capabilities.

WAM-V(r) Unmanned Surface Vehicles (USVs):Engineered with a unique articulating suspension system for stability and durability in harsh maritime conditions, used for data collection, surveillance, and asset monitoring across commercial, defense, and environmental applications.

Merrows™:A maritime domain awareness solution designed to deliver advanced capabilities in strategic areas.

Specialties

Autonomous Unmanned Systems Maritime Domain Awareness Renewable Energy Solutions Real-time Data Collection Defense and Commercial Ocean Operations

Funding History

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#	Type	Amount Fields	Date Fields	Investors
1	RT: Non-dilutive preferred equity T: - FT: Non-dilutive preferred equity	A: 3000000 MR: - FA: Up to $3 million FAN: 3000000	D: 2024-04-22 FD: 2024-04-22	1 investors
2	RT: Grant T: - FT: Grant	A: 1200000 MR: - FA: approximately $1.2 million FAN: 1200000	D: 2024-01-29 FD: 2024-01-29	1 investors

Non-dilutive preferred equity Latest

2024-04-22

$3.0M

1 investor (Pro only)

Grant 2024-01-29

$1.2M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

P

Philipp Stratmann

President, Chief Executive Officer

R

Robert P. Powers

Senior Vice President, Chief Financial Officer

J

Jason Weed

SVP, Commercial Sales

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