Swedish electric boat startup X Shore secures €8.5 million for sustainable nautical innovation

The X Shore 1. Image credit: Press picture.

Swedish tech startup X Shore, a pioneer in the electric boat sector, announced it has secured €8.5 million in funding from existing major shareholders, including founder Konrad Bergström.

Product innovation (R&D), marketing, and creating new models are the designated areas where the company will invest the funds.

Amidst recent market difficulties, X Shore continues to prioritize its commitment to profitability while staying true to its mission of revolutionizing the boating industry through environmental stewardship and technological innovation.

With this recent investment, X Shore continues its mission to create electric boats for a fossil-free future.

This announcement comes a year after they have raised €26.5M funding in a round led by SEB Investment Management AB.

Electric boat supplies have made X Shore the foremost company globally.

Electric boats by X Shore

Founded in Stockholm in 2016, X Shore has become one of the world’s leading supplier of electric boats.

Electric boats manufactured by X Shore, renowned for their Swedish heritage in maritime industry, technological advancements, inventiveness, and eco-friendliness, have a minimal footprint in aquatic ecosystems.

Quiet, simple upkeep, and pollution-free are attributes of the company’s electric watercraft.


The Eelex 8000 by X Shore, their top-tier model, has been presented with several prestigious design titles like the German Design Awards, European Powerboat of the Year, and Best of Boats Award.

The company’s latest model, X Shore 1, offers a more affordable price point while maintaining high engineering and design standards.

With funding requirements already met for its factory, X Shore Industries 1, this fresh investment will be used exclusively for product development and growth initiatives.

The Swedish tech startup stands out as a trailblazer in the global electric boat sector due to its unwavering commitment to environmental stewardship and groundbreaking innovations.

Techarenan News/Monok

Har du nyhetstips eller synpunkter? Kontakta oss

Skriv ut

Grunden i vår journalistik är trovärdighet och opartiskhet. Techarenan är obereoende i förhållande till politiska, religiösa, ekonomiska, offentliga och privata särintressen.