INGINE Inc.
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INGINE Inc. - overview
Established
2011
Location
Seoul, -, South Korea
Primary Industry
Power & Utilities
About
Based in Seoul, South Korea, and founded in 2011, INGINE Inc. operates as an energy company that provides wave power generation technology and sells electricity by constructing wave power plants. In March 2022, INGINE Inc. raised KRW 2 billion in venture funding from investor Korea Venture Investment Corporation.
As of 2025, the company is led by its CEO Mr. Yong-Jun Sung. INGINE Inc. offers wave power generation technology INWave that can be installed offshore through multi-directional recovery energy technology which extracts energy from the movement from all directions of the wave and can also obtain energy in low-depth waves.
INWave is conducting research and development based on the demonstration plant installed in Jeju special self-governing province. INGINE Inc. plans to use the series B funding to support its technology development. The company is also planning to go public through an initial public offering in 2023.
Current Investors
Coolidge Corner Investment, SK Innovation, Korea Development Bank
Primary Industry
Power & Utilities
Sub Industries
Power Plant, Hydro Power
Website
www.ingine.co.kr
Verticals
Manufacturing
Company Stage
Series B
Total Amount Raised
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INGINE Inc. - employee data
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