Fundz

Switch Maritime Secures $10M To Expand Hydrogen And Electric Ferry Fleet In Us

PRIVATENov 16, 2023

Amount Raised

$10 Million

Round Type

Funding Round

JacksonTransportation

Investors

California Climate Investments InitiativeCalifornia Air Resources BoardNexus Development Capital

Description

SWITCH Maritime LLC, a US-based company developing electrified, zero-emission ferries powered by battery and hydrogen fuel cell, has raised $10 million in a Series A round led by Nexus Development Capital to grow its fleet. Founded in 2018 by a veteran team of maritime energy transition leaders, SWITCH’s mission is to enable private and public municipal ferry operators to more easily replace their carbon-intensive, diesel-powered fleets while reducing operating and fueling costs over the lifetime of their vessels.

Quick answer

SWITCH Maritime raised $10 Million in a Funding Round round, dated November 16, 2023. Investors: California Climate Investments Initiative, California Air Resources Board and Nexus Development Capital. SWITCH Maritime is based in Jackson, Wyoming, United States.

How much did SWITCH Maritime raise?
SWITCH Maritime raised $10 Million in a Funding Round round on November 16, 2023.
Who invested in SWITCH Maritime?
California Climate Investments Initiative, California Air Resources Board and Nexus Development Capital are named as investors in this round.
What does SWITCH Maritime do?
Established in 2018, SWITCH Maritime LLC (“SWITCH”) is focused on enabling private and public municipal ferry operators to more easily transition away from their carbon-intensive diesel-powered fleets, while reducing..
Where is SWITCH Maritime based and how big is it?
SWITCH Maritime is based in Jackson, Wyoming, United States.
Who are the decision-makers at SWITCH Maritime?
Fundz holds 1 contact at SWITCH Maritime. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as SWITCH Maritime that raised within 45 days of this round, from Fundz verified event records.

  • Sharrow Marine raised $8.2M (Seed) on December 29, 2023.
  • G2Mint raised $400K (Seed) on December 28, 2023.
  • Partrunner Deliveries raised $208K (Seed) on December 26, 2023.
  • Oxyzen Express raised $3M (Seed) on December 23, 2023.
  • Better Trucks Last Mile raised $6.5M on December 22, 2023.
  • BluSmart Mobility raised $24M (Funding Round) on December 21, 2023.

Who to call at SWITCH Maritime, and when

A new round usually means SWITCH Maritime is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day SWITCH Maritime raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at SWITCH Maritime, from your own LinkedIn network

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Company Information

Company

SWITCH Maritime

Location

Jackson, Wyoming, United States

About

Established in 2018, SWITCH Maritime LLC (“SWITCH”) is focused on enabling private and public municipal ferry operators to more easily transition away from their carbon-intensive diesel-powered fleets, while reducing operating and fueling costs over the lifetime of their vessels. By offering operators capital-efficient access to fuel cell and battery electric zero-emissions vessels along with packaged fueling/charging solutions, SWITCH helps operators overcome the complexity of the rapidly evolving technology and regulatory landscape. SWITCH has successfully developed and operationalized Sea Change, the first commercial hydrogen fuel cell powered ferry in the U.S., and plans to grow its fleet of zero-carbon vessels in key ferry markets. Additional information can be found at: https://www.switchmaritime.com/

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SWITCH Maritime raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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