Ocean Power Technologies (OPT): Funding, Investors & Team (Oct 2026)
Ocean Power Technologies, Inc. develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies to convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company offers two PowerBuoy products, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. The Company’s utility PowerBuoy system, which is designed to supply electricity to a local or regional electric power grid, and the Company’s autonomous PowerBuoy system, which is designed to generate power for use independent of the power grid in remote locations.
Ocean Power Technologies (OPT) has raised $10.0M across 1 funding round on record, the most recent an undisclosed round of $10.0M announced in Jun 2026.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Ocean Power Technologies (OPT) Company Profile and Key Stats
Latest funding round on record: Jun 2026.
Ocean Power Technologies (OPT) Funding Rounds
Ocean Power Technologies (OPT) Founders and Leadership Team
No contact details are on record for this team yet.
Ocean Power Technologies (OPT) Funding Compared to Other Energy Startups
Ocean Power Technologies (OPT)'s latest round of $10.0M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Ocean Power Technologies (OPT) Funding FAQs
What does Ocean Power Technologies (OPT) do?
Ocean Power Technologies, Inc. develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies to convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company offers two PowerBuoy products, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. The Company’s utility PowerBuoy system, which is designed to supply electricity to a local or regional electric power grid, and the Company’s autonomous PowerBuoy system, which is designed to generate power for use independent of the power grid in remote locations.
How much funding has Ocean Power Technologies (OPT) raised?
Ocean Power Technologies (OPT) has raised $10.0M across 1 round on record. The most recent is an undisclosed round of $10.0M announced in Jun 2026.
When did Ocean Power Technologies (OPT) last raise funding?
Ocean Power Technologies (OPT)'s most recent funding round on record is an undisclosed round of $10.0M, announced in Jun 2026.
Who founded Ocean Power Technologies (OPT)?
FundedIQ lists Philipp Stratmann (Founder) at Ocean Power Technologies (OPT).
Where is Ocean Power Technologies (OPT) headquartered?
Ocean Power Technologies (OPT) is based in Monroe Township, New Jersey, United States.
How many employees does Ocean Power Technologies (OPT) have?
Ocean Power Technologies (OPT) is in the 51-100 employee band.
How does Ocean Power Technologies (OPT)'s funding compare to other Energy startups?
Ocean Power Technologies (OPT)'s latest round of $10.0M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Ocean Power Technologies (OPT) Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Ocean Power Technologies (OPT) is left off this page rather than filled in.
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