What is X Shore?
Founded in 2016 and headquartered in Nyköping, Sweden, X Shore specializes in the production of fully electric yacht tenders. The company is at the forefront of the burgeoning electric boat market, aiming to revolutionize the maritime industry with eco-friendly and high-performance vessels. X Shore's commitment to sustainability and advanced technology positions it as a key player in the transition towards greener transportation solutions on water.
How much funding has X Shore raised?
X Shore has raised a total of $111.6M across 5 funding rounds:
Other Financing Round
$5.6M
Other Financing Round
$17.8M
Unspecified
$50M
Other Financing Round
$29M
Other Financing Round
$9.2M
Other Financing Round (2020): $5.6M with participation from Peter Dahlberg
Other Financing Round (2021): $17.8M led by Navin Thukkaram, Marec Gasiun, and Team Europe
Unspecified (2022): $50M supported by Peter Carlsson
Other Financing Round (2023): $29M featuring SEB Investment Management
Other Financing Round (2024): $9.2M, investors not publicly disclosed
Key Investors in X Shore
TEAM GLOBAL MANAGEMENT GmbH
TEAM GLOBAL MANAGEMENT GmbH is a venture builder focused on creating organizations and products that generate societal value through technology, with a particular interest in air mobility and climate solutions. Their investment in X Shore aligns with their mission to promote global collaboration and build a better world through innovation.
What's next for X Shore?
With this significant enterprise-level funding, X Shore is poised for accelerated expansion and product development. The strategic investment is expected to bolster its manufacturing capabilities, enhance its research and development efforts, and broaden its market reach. This capital infusion will likely enable X Shore to scale its operations, further innovate its electric boat technology, and solidify its position as a leader in the sustainable marine sector, potentially moving into a scaling phase of its corporate lifecycle.
See full X Shore company page
