#China #Shanghai #electric propulsion #ExploMar #WAVE Series

ExploMar's New Funding for Global Growth

ExploMar, renowned for its cutting-edge electric propulsion systems designed for marine vessels, has recently finalized a Series A funding round exceeding $10 million. The investment marks a significant achievement in the company's journey towards global expansion and innovation in sustainable water transportation.

The funding was led by well-known private equity firms alongside a prominent publicly listed entity in China. DCM Ventures, a key existing stakeholder in ExploMar, also contributed to this funding round. The financial influx will primarily support the expansion of ExploMar's global distribution and service networks, optimize its supply chains, and facilitate product upgrades for better efficiency and performance.

As the world intensifies its focus on green transportation, the need for cleaner marine solutions becomes more critical. It is reported that conventional speedboats can release pollutants at levels 15 to 20 times higher than a comparable length bus, positioning them among the most significant contributors to environmental pollution in public transport. This alarming statistic highlights the urgency for advancements in electric technologies that can revolutionize the maritime industry.

Founded in 2021, ExploMar aims to bridge this gap in the marine propulsion sector by developing high-power electric systems and integrated energy solutions. Over the past year, the company has made remarkable strides, delivering its electric systems to clients across diverse regions, including Europe, Asia, Africa, and South America. It has established a robust distribution network in over 20 countries, encompassing markets such as China, Norway, Italy, Nigeria, Indonesia, Singapore, and Thailand, fostering a global presence in the marine sector.

A standout product from ExploMar is its WAVE series of high-performance electric outboard systems, which includes models like the WAVE 300, WAVE 150+, and WAVE 70+. Complementing these systems is the 5S Energy Station, an innovative solar-storage-fast-charging solution designed to enhance user convenience. These products combine exceptional performance with low maintenance needs, utilizing intelligent control systems to ensure sustainable, zero-emission propulsion for an array of marine applications. With over 100 patents backing its designs, the WAVE 300 has emerged as an industry benchmark thanks to its lightweight construction and remarkable torque capabilities, with a 25-inch shaft model weighing just 218 kg while delivering a torque of 655 N•m.

ExploMar emphasizes a test-driven innovation strategy throughout its product development phases. The company has constructed a systematic testing framework, incorporating several prototype electric vessels, including RIBs, bass boats, and patrol boats, to validate performance across varying operational conditions. Through rigorous real-world trials and testing in extreme environments, ExploMar continuously refines its systems' stability and reliability, ensuring optimal performance in real marine settings.

A notable achievement in 2025 involved the company's WAVE 300 system empowering a client's carbon-reinforced inflatable boat, which participated in the Monaco Energy Boat Challenge and delivered outstanding results. Such endeavors validate ExploMar’s technological prowess and readiness to lead within the high-performance electric marine propulsion realm.

As global initiatives for carbon neutrality gain momentum and advancements in clean energy proliferate, the electrification of waterborne transport stands at a pivotal moment in history. ExploMar is dedicated to steering this transformation through continued innovation and partnerships worldwide, striving to create a sophisticated, intelligent, and zero-emission ecosystem for sustainable water mobility. The company’s commitment reflects a broader vision for a cleaner blue future, driven by technology and environmental consciousness.