X Shore has raised $74.0M in total across 3 funding rounds.
X Shore's investors include ENIAC Ventures, Intuition Capital, VSC Ventures, John Legend, Reshma Saujani, 83North, Atomico, Koolen and Partners, Maki.vc, Team Global, Bartosz Lipnicki, Wellstreet.
X Shore is a Swedish climate-tech company founded in 2016 that designs and manufactures high-performance, all-electric boats, positioning itself as the world's leading supplier in the electric boating sector.[1][3][5] The company builds models like the Eelex 8000, X Shore Pro (for professional use in diving, fishing, and marine research), and the luxury X Shore 1 Bowrider, serving recreational boaters, maritime professionals, and yacht owners in markets including North America and the EU.[2][5] These boats solve key environmental problems in the boating industry by eliminating fossil fuels, reducing carbon emissions by 50-90% compared to internal combustion engine (ICE) boats, minimizing noise pollution that harms marine life like whales and dolphins, and enabling sustainable manufacturing—highlighted by their new Nyköping factory powered by Ericsson Private 5G for efficient, automated production.[1][2] X Shore has raised over $111.6M in funding, including €26.6M for scaling production and US expansion, and earned top honors like Fast Company’s #1 Most Innovative Company in Social Good for 2025.[2][3][6]
X Shore was founded in 2016 in Stockholm by Konrad Bergström, driven by a vision to protect oceans through stunning, high-performance electric boats while respecting humanity's deep connection to water.[1][5] Bergström's idea emerged from a passion to blend sustainability with superior design, leading to the first Eelex 8000 prototype in 2017 and the production-ready 8-meter model in 2020.[5] Early traction built quickly: by 2021, they launched the versatile X Shore Pro; the Eelex 8000 won design awards and a 2022 European Powerboat of the Year nomination; and recent milestones include the 2024 X Shore 1 Bowrider launch, achieving cost parity with ICE boats at $139,000, plus selection as an EU Blue Champion for marine innovation.[1][2][5][6]
X Shore stands out in the electric boating market through these key strengths:
X Shore rides the marine electrification wave, mirroring the automotive EV shift as boating's massive fuel use (especially small vessels for business and leisure) faces regulatory and ecological pressure for decarbonization.[2] Timing is ideal amid global net-zero pushes, EU Blue Economy initiatives, and rising demand for quiet, clean vessels that protect biodiversity—X Shore's noise reductions directly aid species like dolphins while enabling industrial transitions via pro models.[1][2][6] Market tailwinds include falling battery costs, 5G automation for factories, and US expansion potential, positioning X Shore to influence the $100B+ maritime sector by proving electric boats match ICE performance, design, and price.[3][4] As a Fast Company #1 innovator, it accelerates ecosystem change, inspiring competitors and drawing investment into sustainable blue tech.[2][6]
X Shore is primed to dominate electric boating with its new Nyköping factory ramping production, US market push, and modular expansions like diving tools, targeting both luxury and professional segments.[1][3][5] Trends like stricter emissions rules, blue economy funding, and battery advancements will fuel growth, potentially capturing parity across more models and scales. Its influence could evolve from pioneer to standard-setter, electrifying maritime transport and saving vast gas volumes per nautical mile—reinforcing the opening truth that X Shore isn't just building boats, but a silent, sustainable revolution on water.[2][4][5][6]
X Shore has raised $74.0M across 3 funding rounds. Most recently, it raised $50.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $50.0M Series B | ENIAC Ventures, Intuition Capital, VSC Ventures, John Legend, Reshma Saujani | |
| Apr 1, 2021 | $18.0M Series A | 83North, Atomico, Koolen and Partners, Maki.vc, Team Global, Bartosz Lipnicki | |
| Mar 1, 2020 | $6.0M Venture Round | Wellstreet |
