ExploMar, developer of high-performance electric propulsion systems for boats, has completed a new Series A financing round exceeding US $10 million.
The investment was jointly led by private equity funds and a listed company in China, with existing shareholder DCM Ventures continuing to participate.
The proceeds will be mainly allocated to global distribution and service network expansion, supply-chain optimisation, and product upgrade.
ExploMar was founded in 2021 to focus on the R&D and application of medium- to high-power electric propulsion systems and integrated energy solutions.
Disruptive design philosophy
Over past year, the company has delivered its systems to clients across Europe, Asia, Africa, and South America, and established a distribution network in more than 20 countries and regions, including China, Norway, Italy, Nigeria, Indonesia, Singapore, and Thailand.
With a disruptive design philosophy, ExploMar has developed the WAVE series of high-performance electric outboard systems — including the WAVE 300, WAVE 150+, and WAVE 70+ — along with the 5S Energy Station, an integrated solar-storage-fast-charging solution.
The systems combine high performance, low maintenance, intelligent control, and sustainability, offering efficient, zero-emission propulsion for a broad range of marine applications, backed by over 100 patents.
Product development
The flagship WAVE 300 has a lightweight design and exceptional torque – a 25-inch shaft model weighs 218 kg and delivers 655 N·m of maximum torque.
Throughout product development, ExploMar says it maintains a test-driven innovation approach
The company has established a systematic testing framework and built multiple electric prototype vessels — including RIBs, bass boats, and patrol boats — to validate system performance across various operating conditions.
Extreme-environment testing
The company carries out extensive real-world trials and extreme-environment testing, to enhance the stability and reliability of its systems.
In 2025, the company’s WAVE 300 system powered a client’s carbon RIB boat competing in the Monaco Energy Boat Challenge.
ExploMar says itis committed to driving the electric boat transformation through continuous innovation and global collaboration — building a high-performance, intelligent, and zero-emission water mobility ecosystem for a sustainable blue future.
