Fundraising Fox

Marel Power

2 known investors

Marel builds ultra-compact power-conversion building blocks — power modules and power stacks — that integrate semiconductor packaging and cooling to reduce the size, weight, and cost of high-power converters, inverters, and breakers. It serves system builders in mobility, defense, and data centers, offering products compatible with silicon and silicon carbide and available for purchase or through IP licensing.

Founders & leadership

AVAmrit Vivekanand
Amrit VivekanandinChief Executive Officer
GMGarry Miller
Garry MillerinChief Operating Officer
IBIan Byers
Ian ByersinChief Technology Officer

Investors · 2

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of EnergyPhase I2023$200K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Marel Power do?
Marel builds ultra-compact power-conversion building blocks — power modules and power stacks — that integrate semiconductor packaging and cooling to reduce the size, weight, and cost of high-power converters, inverters, and breakers. It serves system builders in mobility, defense, and data centers, offering products compatible with silicon and silicon carbide and available for purchase or through IP licensing.
Who are Marel Power's investors?
Marel Power's investors include Evergreen Climate Innovations, Michigan Rise.