- Business
- Aquarius Engines (A.M) Ltd. (TASE: AQUA; OTC: AQUEF) develops, produces, and distributes linear internal combustion engines and generators that provide grid-independent, scalable power solutions; its core offerings include multi-fuel systems such as the AMBER5 series supporting hydrogen, ethanol (E85), methanol, LPG, and other eco-friendly fuels for applications in EV fast charging infrastructure, data center backup, telecommunications towers, microgrids, truck powertrains, marine propulsion, aviation, defense, and automotive range extenders. The company targets charging point operators, EV fleet owners, telecom providers, and critical infrastructure operators with compact, efficient generators that reduce emissions by up to 50% compared to conventional diesel units, enable ultra-fast charging of up to three times more vehicles, and integrate seamlessly with existing systems. Founded in 2014 and headquartered in Yakum, Israel, with operations primarily in Israel and expanding pilots in the United States, Aquarius Engines serves global markets focused on sustainable energy and mobility.
In recent developments, the company appointed Gal Friedman as CEO in December 2024 alongside securing a $1 million investment from Alexander Chernilovsky; it completed a $10.3 million capital raise in January 2025 from private investors, management, and employees to support growth; Aquarius signed a memorandum of understanding with EnviroCharge in December 2024 for a paid U.S. pilot worth $150,000 targeting one of the world's largest car rental companies, marking its fourth U.S. pilot with leading entities. These initiatives underscore strategic expansions into the EV market, including paid pilots demonstrating revolutionary grid-independent systems, while building on collaborations with industry leaders like Nokia for telecom backup power. The company, with approximately 63 employees, continues to advance its high-technology focus in specialty industrial machinery within the industrials sector.