Swedish electric boat manufacturer X Shore has resumed operations under new ownership and financial backing to move forward.
The company filed for bankruptcy earlier in 2026 following financial difficulties. In October 2025, X Shore’s manufacturing subsidiary, X Shore Production AB filed for bankruptcy which led to X Shore’s demise.
X Shore Production was sold to Norwegian investor Staale Reierson earlier in January.
When it entered bankruptcy proceedings, X Shore employed several dozen people.
Production model
The company’s first production model was the X Shore 1 which was launched in September 2022.
The company had three models, the X Shore 1, Eelex 8000 and X Shore Pro and aimed to rethink the boating experience.
In June 2025, the company closed a 50 million SEK funding round.
In a statement, CEO René Hansen, said the company was fully operational again, with production running in Nyköping and deliveries underway.
“With new ownership in place and the foundation secured, the focus is now on execution,” said René.
“We are re-engaging with customers, dealers, and partners across our markets, and moving forward with a more disciplined and commercially sound company.”
Stabilising the business
He added: “This period has been about stabilising the business, now the focus is on execution.
“We have a clear and aligned vision, an operating structure in place, which ensures the stability needed to propel X Shore towards a legacy brand.”
And he said the business will be built on a more sustainable and commercially sound foundation with owners who have the financial strength to support not just short term but long-term growth.
He concluded: “We are building on what has already been proven, and addressing what needed to be fixed.
“Our ambition is simple: to support you, deliver on our commitments, and continue to drive the transition to electric boating.”
