Singapore-based maritime electrification startup Pyxis has successfully raised S$13m in the first close of its S$18m Seed II funding round. This financial boost comes from a coalition of climate-tech, venture capital, and maritime strategic investors. The funds will be used to accelerate the production of electric vessels, expand the company’s Electra™️ smart energy capabilities, and scale ultra-fast marine charging infrastructure.
The funding follows Pyxis’s successful deployment of its electric vessel, Pyxis One, and its solar-powered counterpart, Pyxis R. These innovations are part of Pyxis’s broader strategy to support Singapore’s goal of transitioning 1,600 harbour crafts to electric or low-carbon alternatives.
Tommy Phun, Founder and CEO of Pyxis, expressed enthusiasm about the funding’s potential impact. Sebastien Guillard, Co-founder and Managing Partner of Shift4Good, and Tan Kaixin, General Manager of SEEDS, also expressed their support for Pyxis’s vision and the potential for significant environmental benefits.
The successful funding round underscores the growing interest and investment in sustainable maritime solutions, aligning with global efforts to reduce carbon emissions. As Pyxis continues to innovate, the company is poised to play a pivotal role in the future of maritime electrification in Asia.
