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X Shore Closes 50 MSEK Round
June 11, 2025)
X Shore Closes 50 MSEK Round to Accelerate Electric Marine Mobility Across Leisure and Professional Sectors
Stockholm, June 11, 2025 – X Shore, the Swedish electric boat manufacturer and pioneer in sustainable marine mobility, today announces the successful close of its 50 MSEK financing round. The round was completed with the support of both existing and new investors, underscoring continued belief in X Shore’s mission, team, and long-term growth strategy.
“This is a meaningful milestone for X Shore,” said CEO René Hansen. “In a difficult market, we’ve shown we can move forward with focus and resilience. We’re grateful for the trust our investors have shown, and more confident than ever in the opportunity ahead.”
X Shore serves both the recreational and professional markets, where regulation, sustainability targets, and total cost of ownership are accelerating the shift to electric boats. For professional operators, X Shore’s platforms offer an 84 to 90 percent reduction in operational costs compared to ICE alternatives, while significantly cutting CO₂ emissions, fuel consumption, and noise pollution. These are all factors that are increasingly regulated in ports, protected waters, and coastal cities.
With unmatched production economics in its category, in-house composite manufacturing, and a Cicero dark green sustainability rating, X Shore operates one of the most advanced electric boat production facilities in the world. The facility is capable of building up to 900 boats per year with consistent quality, traceability, and environmental integrity.
Vator Securities has acted as sole financial advisor. The team at Vator Securities played a key role in supporting the transaction, with special thanks to Kristofer Krolak, Erik Röjvall, Erik Rosenberg Sjöström and Pooya Madjidi Bergström for their dedication and support throughout the process.
About X Shore
X Shore builds award-winning, fully electric boats that combine performance, technology, and Scandinavian design with a commitment to sustainability. With deliveries across EU, NA, and the APAC, X Shore is shaping the future of marine mobility and acting as a catalyst in the industry’s transition to electric.
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