Switch Maritime designs and deploys hydrogen fuel cell-powered ferries, overseeing vessel design, permitting, construction, and integration of the hydrogen fuel supply chain. Its first vessel, the Sea Change, operates in San Francisco and the company reports the hydrogen ferry avoids about 1,190 metric tons of CO2 equivalent emissions annually compared with a conventional diesel vessel. Switch Maritime has received multiple grants to support vessel development but faces reimbursement timing gaps that have created a need for short-term financing. The company plans to expand operations into New York and international markets and is targeting replacement opportunities among roughly 800 diesel-powered ferries operating in the United States. To bridge cash-flow gaps and preserve equity while awaiting grant reimbursements, Switch Maritime secured non-dilutive bridge funding from Enduring Planet to support near-term project work and continued infrastructure development.

Total raised

$12M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2025