The company from Sweden X Shore has collected 15 million euros from investors ($ 18 million) to expand the release of electrocartes, writes Bloomberg.
x shore attracted private financing. The company is not going to go out on the stock exchange. Who acted as key investors is not reported.
It is known that X Shore is going to spend the funds raised to expand production. The first model of the EELEX 8000 electrocheter with a 120 kilowatt-hour accumulator went on sale in the United States in March, but the available capacity is not enough to fulfill all orders.
It is expected that in the future the volume of production in two factories will be 400 thousand boats per year. Jenny Case’s head of the company noted that the demand for products is currently higher than the possibilities of X Shore. According to him, the trend that captured the automotive market a few years ago, shifted on other types of transport, in particular, to water.
According to analysts, by the end of 2021, about 70 thousand vessels with electric motors will be sold in the world, and the total global market will be 1.4 billion dollars.