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Singapore-based electric vessel startup Pyxis secures $3.35M seed funding

Feb 05, 2024almost 2 years ago

Amount Raised

$3.35 Million

Round Type

seed

SingaporeMaritime Transportation

Investors

Sp MobilityMitsui O.S.K LinesLcc ResourcesKim Ann InvestmentsTian San ShippingShips FocusMar ImpactSeeds CapitalShift4 GoodMotion Ventures

Description

Singapore-based electric vessel startup Pyxis secures $3.35M seed funding. Pyxis has raised SGD 4.5 million ($3.35m) in its seed funding round co-led by Motion Ventures and Shift4Good. The funds will be used to accelerate the development of electrification technology and scale up production for various lines of electric harbour crafts.

Company Information

Company

Pyxis

Location

Singapore

About

A mission to revolutionise the maritime industry by harnessing one of the world's greatest innovations - electricity.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers