X Shore secures $50 million in funding to ramp up electric boat production in Sweden and expand R&D
April 13, 2022
Electric boat manufacturer X Shore recently secured its latest round of investment funding, this time to the tune of $50 million (~€45.9M). The funds will be used to increase research and development of electrified maritime technologies, and help ramp up manufacturing of X Shore’s first production boat, the Eelex 8000, which began in March.
X Shore is a Swedish climate technology company…