US EditionExploMar Closes Over USD 10 Million Financing to Accelerate Global Expansion
Series A funding exceeding $10 million will enhance ExploMar’s supply chain and global distribution network spanning over 20 countries, accelerating marine electrification efforts.
- On Nov. 25, 2025, ExploMar closed a Series A financing exceeding USD 10 million, led by renowned private equity funds and a listed company in China with DCM Ventures participating.
- ExploMar said it will use the funds to expand its global distribution and service network, optimize supply-chain operations, and upgrade products amid electrification of water transportation.
- After extensive prototype testing, ExploMar's WAVE 300, weighing 218 kg with 655 N"m torque, powered a client's RIB to outstanding results at the Monaco Energy Boat Challenge.
- The company's deployments in over 20 countries and regions span Europe, Asia, Africa, and South America, while a single speedboat emits 15 to 20 times more pollutants than a bus.
- Founded in 2021 to focus on medium- to high-power R&D, ExploMar says its test-driven innovation and global collaboration position it to help build a zero-emission water mobility ecosystem as carbon-neutral initiatives accelerate.
28 Articles
28 Articles
ExploMar Closes Over USD 10 Million Financing to Accelerate Global Expansion
SHANGHAI, Nov. 25, 2025 /PRNewswire/ -- ExploMar, a global brand specializing in high-performance electric propulsion systems for boats, has announced the completion of a new Series A financing exceeding USD 10 million. The investment was jointly led by renowned private…
ExploMar Closes Over USD 10 Million Financing to Accelerate Global Expansion
SHANGHAI, Nov. 25, 2025 /PRNewswire/ -- ExploMar, a global brand specializing in high-performance electric propulsion systems for boats, has announced the completion of a new Series A financing exceeding USD 10 million. The investment was jointly led by renowned private…
ExploMar Closes Over USD 10 Million Financing to Accelerate Global Expansion
SHANGHAI, Nov. 25, 2025 /PRNewswire/ -- ExploMar, a global brand specializing in high-performance electric propulsion systems for boats, has announced the completion of a new Series A financing exceeding USD 10 million. The investment was jointly led by renowned private…
ExploMar Closes Over USD 10 Million Financing to Accelerate Global Expansion
SHANGHAI, Nov. 25, 2025 /PRNewswire/ -- ExploMar, a global brand specializing in high-performance electric propulsion systems for boats, has announced the completion of a new Series A financing exceeding USD 10 million. The investment was jointly led by renowned private…
ExploMar Closes Over USD 10 Million Financing to Accelerate Global Expansion
SHANGHAI, Nov. 25, 2025 /PRNewswire/ -- ExploMar, a global brand specializing in high-performance electric propulsion systems for boats, has announced the completion of a new Series A financing exceeding USD 10 million. The investment was jointly led by renowned private…
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