X Shore: Sailing Towards Sustainability
May 1, 2024, 9:33 am
Location: Sweden, Stockholm
Employees: 51-200
Founded date: 1996
Total raised: $53.57M
Swedish electric boat company X Shore has raised €8.5 million in funding to steer the sector towards sustainability. The company, often dubbed as the 'Tesla of electric boats,' has secured this funding to accelerate product research and development, enhance sales and marketing strategies, and plan and develop new models. With a focus on achieving profitability and a commitment to sustainability, X Shore is making waves in the maritime and tech industries.
Founded by Konrad Bergström in 2016, X Shore is a climate-tech and electric boat company that prides itself on its environmentally friendly approach. The company's boats are powered by electric motors, producing minimal impact on marine wildlife and zero exhaust emissions. Made in Sweden, X Shore has become a global leader in the electric boat market, with customers in North America and Europe.
The recent funding round comes on the heels of a successful €26.5 million raise led by SEB Investment Management AB. X Shore's new CEO, René Hansen, has been instrumental in steering the company back on course and refocusing on its founding vision of sustainability and innovation. With the support of major shareholders and industry partners, X Shore is poised to reshape the global narrative of the boating industry.
With a commitment to Nordic innovation and sustainable excellence, X Shore is charging ahead in the shift towards electric boating. The company's dedication to nature, technology, and design sets it apart in the industry, offering customers a high-performing electric boat at a fraction of the cost of competitors. As X Shore continues to innovate and expand its product line, it remains a beacon of sustainability in the maritime world.
In a world where environmental concerns are at the forefront, X Shore stands out as a shining example of how innovation and sustainability can go hand in hand. With its latest funding round, the company is poised to make even greater strides towards a greener, more sustainable future for the boating industry.
Founded by Konrad Bergström in 2016, X Shore is a climate-tech and electric boat company that prides itself on its environmentally friendly approach. The company's boats are powered by electric motors, producing minimal impact on marine wildlife and zero exhaust emissions. Made in Sweden, X Shore has become a global leader in the electric boat market, with customers in North America and Europe.
The recent funding round comes on the heels of a successful €26.5 million raise led by SEB Investment Management AB. X Shore's new CEO, René Hansen, has been instrumental in steering the company back on course and refocusing on its founding vision of sustainability and innovation. With the support of major shareholders and industry partners, X Shore is poised to reshape the global narrative of the boating industry.
With a commitment to Nordic innovation and sustainable excellence, X Shore is charging ahead in the shift towards electric boating. The company's dedication to nature, technology, and design sets it apart in the industry, offering customers a high-performing electric boat at a fraction of the cost of competitors. As X Shore continues to innovate and expand its product line, it remains a beacon of sustainability in the maritime world.
In a world where environmental concerns are at the forefront, X Shore stands out as a shining example of how innovation and sustainability can go hand in hand. With its latest funding round, the company is poised to make even greater strides towards a greener, more sustainable future for the boating industry.