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Swedish electric boat firm X Shore raises $17 million


Swedish electric boat firm X Shore raises $17 million
X Shore said it raised a $17 million investment round from a group of investors led by technology holding firm Team Europe to increase production and expand further in the United States.
“X Shore is a perfect partner for our multi-modal electromobility approach. Our common aim is to create a global leader and a large independent company in the boat industry which attracts customers and talents worldwide.”
Lukasz Gadowski, CEO of Team Europe
The 2016-founded X Shore was valued at $90 million before the round which closed in 9 days. Investors included Navin Thurkkaram, U.S.-based investor, entrepreneur and founder and CEO of Innovation Bootcamp, and Marec Gasiun, Head of Automotive Business Development at Google. ....

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