X Shore has raised a $29M funding round to scale the production of electric boat vehicles.

 

X Shore has raised a $29M funding round to scale the production of electric boat vehicles.  The company claims it is one of the leading suppliers of EV boats in Europe and North America. X Shore manufactures 100% electric boats that are built using Scandinavian design concepts. The company aims to use the funding to boost its production capacity and become profitable.  SEB Investment Management AB led the funding round. Since its inception in 2016, the company has raised $73M. The company is based in Stockholm, Sweden.