Singapore-based Pyxis secures S$13 million in first close of growth…

Team S · 2025-12-26T11:15:11.000Z

Pyxis, a Singapore-based maritime electrification startup developing electric vessels and marine charging infrastructure, has secured S$13 million (about US $10 million) in the first close of its S$18 million growth funding round, signalling strong market momentum in Asia’s transition to low-carbon coastal transport. The funding will support expanded manufacturing of electric vessels, scaling of its energy management platform Electra™, and rollout of ultra-fast marine charging sites across the region. The round drew backing from a coalition of climate-tech and strategic investors focused on sustainable transport solutions. Shift4Good, a climate-focused investment fund, and Motion Ventures, one of the world’s largest maritime tech-oriented funds, led the financing alongside MOL PLUS, the corporate venture arm of Japanese shipping giant Mitsui O.S.K. Lines. SEEDS, the investment arm of SG Growth Capital supported by Singapore’s national innovation ecosystem, also participated, reinforcing continued confidence in Pyxis’ vision and technology. In addition to equity commitments, Pyxis secured green debt financing from OCBC to further support vessel deployment and infrastructure expansion. The company has already secured orders for 17 electric vessels and has deployed marine charging sites in Singapore, with plans to expand into other Asian markets. The first close reflects growing momentum in maritime decarbonisation, driven by regulatory support in Singapore and heightened industry demand for cleaner coastal transport solutions. #maritime #sustainability #funding #growthcapital #electrification #Asia #greenenergy #Pyxis #Shift4Good #MotionVentures #MOLPLUS #SEEDS #OCBC

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Singapore-based Pyxis secures S$13 million in first close of growth… | Newnex