Singapore-based electric vessel startup Pyxis secures $3.35M seed funding
Feb 05, 2024•almost 2 years ago
Amount Raised
$3.35 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers