Founded in 2021, Shanghai-based ExploMar focuses on R&D and commercialization of medium- to high-power electric marine propulsion systems. Its flagship WAVE series—WAVE 300, WAVE 150+, and WAVE 70+—pairs lightweight engineering with torque as high as 655 N•m, while the 5S Energy Station adds solar-storage-fast-charging capability. The company claims more than 100 patents and has delivered systems to customers across Europe, Asia, Africa, and South America, establishing a distribution network in over 20 countries such as China, Norway, Italy, Nigeria, Indonesia, Singapore, and Thailand. ExploMar validates performance through a systematic test program that includes prototype vessels and extreme-environment trials; the WAVE 300 recently powered a carbon RIB at the Monaco Energy Boat Challenge with notable results. Proceeds from its latest funding will go toward global distribution and service expansion, supply-chain optimization, and ongoing product upgrades. The firm positions itself to capitalize on accelerating carbon-neutral initiatives and the growing demand for zero-emission water mobility.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2025